(Photo for representation only)(Photo for representation only)United Bank of India has said it would cut its base rate by 25 basis points to 10 per cent from February 1, after the Reserve Bank of India itself cut rates in a surprise inter-meeting move.
The central bank earlier on Thursday announced a 25 basis points cut in repo rate to 7.75 per cent with immediate effect. RBI also adjusted the reverse repo rate to 6.75 per cent.
Shares of United Bank of India extended gains to 4.2 per cent after the announcement.
Inside the India-US interim trade agreement: Reciprocal tariffs on India to come down to 18%, 0% duty on generic pharma
Q3 results: HAL, Titan, M&M, HUL, ONGC, Lenskart to post earnings next week; check dates
India-US interim trade pact -- 'Farmers safe, country developed': Piyush Goyal says India's agri exports to go up
'Reflects growing depth, trust, dynamism': PM Modi on India-US interim trade pact, thanks Donald Trump
Explained: Why the US is lifting additional 25$ duty on India over Russian oil, what New Delhi promised in return, and more
RBI Says Trade Deals With EU, US & Others Strengthen India’s External Sector Outlook
Jeffrey Sachs Praises Modi On India-US Trade Deal: “Trump Blinked, India Must Not Depend On U.S.”
Agra’s ₹127 Cr Housing Project In Ruins: Flats For Poor Rot Before Occupation
RBI Credit Policy LIVE Analysis | Aditya Pagaria Explains Rate Pause Impact
TeamLease Q3 Results: Profit Jumps 47% As Margins Improve Despite Headcount Loss
Q3 results: HAL, Titan, M&M, HUL, ONGC, Lenskart to post earnings next week; check dates
'Think about it': Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lag
Bitcoin avoids $60,000 breakdown, still down over 50% from record high 
NSE IPO: NSE board approves long-delayed listing plans; IPO to have equity shares of face value Re 1
Max Healthcare discontinues patented cancer drugs, writes to CGHS to review pricing