Tag archive for ‘rate’
By Loknath Das On Thursday, August 3rd, 2017
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RBI reduces policy rate: Will your loan rates also go down?

As expected on August 2, in the third bi-monthly monetary policy statement, the Reserve Bank of India cut the policy rate by 25 basis points (bps) from 6.25% to 6%. One basis point is one-hundredth of a percentage More...

By Loknath Das On Tuesday, August 1st, 2017
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SBI Shares Up 5% As Bank Cuts Interest Rate On Savings Accounts

New Delhi: Shares of State Bank of India went up by nearly 5 per cent today after it slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance of up to Rs. 1 crore. The SBI stock More...

By Loknath Das On Saturday, July 29th, 2017
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U.S. Economy Grew At 2.6 Percent Rate In 2nd Quarter

The U.S. economy grew at an annual rate of 2.6 percent between April and June. It was nice comeback from the tepid 1.2 percent annual growth rate of the first quarter and more in line with the turbo-charged growth More...

By Loknath Das On Friday, July 21st, 2017
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RBI Seen Reducing Key Interest Rate In August, Say Experts

New Delhi: With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel the pressure has increased on the Reserve Bank of India to cut the benchmark More...

By Loknath Das On Wednesday, July 19th, 2017
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RBI Seen Reducing Key Interest Rate In August, Say Experts

New Delhi: With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel the pressure has increased on the Reserve Bank of India to cut the benchmark More...

By Loknath Das On Tuesday, June 13th, 2017
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SBI cuts interest rate on home loans twice in two months

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15. “Home loans above More...

By Loknath Das On Saturday, June 10th, 2017
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Paytm Payments Bank launched, offers 4% interest rate on savings account

The newly launched Paytm Payments Bank is offering 4% interest rate on savings account. Photo: Priyanka Parashar/Mint Mumbai: Paytm Payments Bank Ltd on Tuesday rolled out its banking operations. With the launch More...

By Loknath Das On Saturday, June 3rd, 2017
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LESS BANG FOR YOUR BUCK Currency experts warn the pound will hit £1 to €1 this year – here’s how to get the best travel money rate

  Strategists from HSBC, David Bloom and Daragh Maher, have predicted that £1 will be worth just €1 and $1.20 for £1 by the end of the year, according to a note seen by Business Insider. But the market More...

By Loknath Das On Tuesday, May 30th, 2017
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GST: Amusement park industry urges lowering of tax rate

With the imposition of a mammoth 28 per cent tax rate on amusement-theme parks under the forthcoming Goods and Services Tax (GST) regime, there exists an underlying threat to its survival as it will not only hamper More...

By Loknath Das On Wednesday, May 24th, 2017
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Paytm Payments Bank launched, offers 4% interest rate on savings account

Mumbai: Paytm Payments Bank Ltd on Tuesday rolled out its banking operations. With the launch of Paytm Payments Bank, there are now three payments bank in the country, including Airtel Payments Bank Ltd and India More...