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

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

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

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%

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.

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

The total equity issuance dipped by 63.8 per cent to Rs 16,038 crore from Rs 44,329 crore in May 2019, mainly on account of slowdown in the public and rights issues

Domestic equity benchmarks BSE Sensex and NSE Nifty ended registering minor losses by the closing bell on Thursday, backed by high FII sell-off, along with muted corporate earning numbers, ahead of July F&O expiry.

Domestic equity benchmarks BSE Sensex and NSE Nifty ended registering minor losses by the closing bell on Thursday, backed by high FII sell-off, along with muted corporate earning numbers, ahead of July F&O expiry.\"The recent decline is reflecting participants' disappointment to the earnings season so far. Markets were already struggling with a lot of domestic and global issues and lack of support from the earnings front has further deteriorated the sentiment,\" quoted Ajit Mishra Vice P...

The retail inflation, calculated on the basis of Consumer Price Index (CPI), continued to climb during the month of June 2019, reaching an eight-month high of 3.18 per cent

RBI Governor Shaktikanta Das also said that he will do his best to supervise and regulate the NBFCs in a bid to boost investment and the economy.

During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate, the rate at which RBI lends to banks

He said Budget provision of Rs 70,000 crore towards bank capitalisation is a very positive development that will help lenders not just comply with the regulatory requirement but also step up banking

Two high-profile RBI exits - Urjit Patel and Viral Acharya - have again opened the debate on the central bank's independence

Major beneficiaries of the amendment are likely to be the business trusts, port trusts and other trusts engaged in a wide range of economic activities, besides utilising vacant land in SEZs.

Union Budget 2019 Live: With today's budget, the Modi government seeks to reverse weakening growth and investment to regain India's fastest growing economy tag

No NEFT, RTGS charges: The RBI had also asked banks to pass on the benefits of the same to its customers.

The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh