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Reuters
August 16, 2019
ANZ's estimate of gross domestic product (GDP) growth is now well below the expectations of other banks, and a long way from the Reserve Bank of India's (RBI) forecast of 6.9% forecast, which itself was cut from 7.0% this month


PTI
New Delhi, August 16, 2019
RBI on August 7, had cut benchmark repurchase and reverse repurchase rates by an unconventional 35 bps, slightly higher than market expectations of a 25 bps cut


Rajeev Dubey
New Delhi, August 14, 2019
Two successive finance ministers, Piyush Goyal in Interim Budget and Nirmala Sitharaman in Budget 2019, missed golden opportunities to revive the consumption cycle. It has cost the Indian economy two precious quarters, probably more


BusinessToday.In
August 13, 2019
Retail inflation slipped to 3.15 per cent in the month of July, breaking a 5-month-long rising streak, government data released on Tuesday showed


Anand Adhikari
August 12, 2019
M&M Financial Services and Piramal Capital & Housing Finance got a credit line worth Rs 1,500 crore from LIC  a few months ago. Sources suggest M&M Finance signed a deal with LIC last week for Rs 2,000 crore funding


PTI
New Delhi, August 11, 2019
The panel makers said the exit of India from ICC World Cup also led to a decline in panel sales.


BusinessToday.In
August 10, 2019
The PSU banks which have announced the decision to link their lending and deposit rates are Syndicate Bank, Bank of India, Union Bank and Allahabad Bank.


Reuters
August 10, 2019
The Reserve Bank of India (RBI) will cut interest rates again at its October meeting, making it the fifth in a row, according to economists in a Reuters poll who said the central bank's decision to ease by 35 basis points on Wednesday was right.


PTI
August 10, 2019
Allahabad Bank said it has reduced its MCLR by 15 to 20 basis points (bps) for different tenors, effective from August 14 while another public sector lender UCO Bank announced that it has cut the same by 15 bps across all tenors.


PTI
August 9, 2019



Reuters
New Delhi, August 8, 2019
Executives from across the sector also asked the government to provide incentives to scrap old vehicles, which they said would help boost sales, and urged officials to reconsider a proposal to hike registration fees for automobiles as it would hurt demand


Anand Adhikari
Mumbai, August 8, 2019
RBI policy measures to reduce interest rates, boost consumer credit, allow banks to fund NBFCs are in sync with the government's move to prop up a slowing economy


Niti Kiran
August 7, 2019
The RBI reversed the trend in the repo rate in January 2014. Since then, the central bank has reduced rates 11 times but raised briefly twice by 50 basis points between June 2018 and August 2018


BusinessToday.In
August 7, 2019
India's growth, which decelerated to a five-year low of 5.8 per cent in the March quarter, is expected to slip further. The MPC has now lowered its growth forecast to 6.9 per cent from 7 per cent in the June policy


Goutam Das
August 7, 2019
While the current cut marks the fourth consecutive reduction in repo rate since February 2019, it has, thus far, not translated into any significant lending rate cuts


BusinessToday.In
August 7, 2019
RBI repo rate cut: Data of the last five years shows that the RBI reduced rates by 2.6 per cent, including the latest cut, but banks have so far passed on less than half of it to customers


Manoj Sharma and Mudit Kapoor
New Delhi, August 7, 2019
While the RBI cut repo rate by 2.6 per cent since 2014, SBI cut its floating rate by 1.1 per cent only; experts cite a slowdown in household savings, bad loans, and persistent liquidity crunch in NBFC as reason for slow transmission


BusinessToday.In
New Delhi, August 7, 2019
SBI has cut its MCLR for one-year tenure by 15 bps to 8.25% per annum from 8.40% earlier; the two-years MCLR comes down to 8.35% per annum, from 8.50% annum, while rates for three-years has been slashed to 8.45%


PTI
Mumbai, August 7, 2019
Das also dismissed notions of carterlisation by banks on holding onto high lending rates, pointing out that the largest lender SBI has taken the lead last month and others will follow soon.


BusinessToday.In
New Delhi, August 7, 2019
MPC Meet: With the fourth cut in a row, the repo rate stands lowest level in the past nine years; RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent predicted previously


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