This new year, banks are giving no gift to borrowers. Bank authorities have told Network18 that they just can't slash rates anymore even if the Reserve Bank of India cuts repo and reverse repo rates further.
The rate cut sends out a strong signal to banks to follow the suit.
http://www.ibnlive.com/news/rbi-cuts-repo-rates-by-100-bps-but-banks-play-it-safe/79907-7.html
Leading commercial banks remained reluctant for immediate cut in rates.
http://www.ibnlive.com/news/india-inc-welcomes-rbi-move-banks-undecided-on-rate-cuts/79886-7.html
The cut will be applicable for only new home loans, the spokesperson said.
http://www.ibnlive.com/news/icicis-home-loans-of-rs-20l-and-below-cheaper-by-15-pc/79881-7.html
Reverse repo rate falls to 5 pc from 6 pc, its lowest in more than three years.
http://www.ibnlive.com/news/rbi-cuts-repo-rates-asks-banks-to-cut-interest-rates/79876-7.html
The cuts will have a direct impact on home loans, making them cheaper.
http://www.ibnlive.com/news/rbi-likely-to-cut-repo-reverse-repo-rates-on-saturday/79702-7.html
Reserve Bank of India cuts the CRR by one per cent.
http://www.ibnlive.com/news/rbi-cuts-crr-repo-rates-to-prop-up-economy/77240-7.html
RBI governor also says weak rupee is contributing to inflation.
http://www.ibnlive.com/news/global-recession-could-hamper-indias-growth-rbi/76722-16.html
Sensex broke below 9,000 for the first time in two years.
http://www.ibnlive.com/news/rbi-leaves-key-credit-rates-unchanged-mkts-tank/76693-16.html
The bank also hopes to rein in inflation to seven per cent by March end.
http://www.ibnlive.com/news/rbis-quarterly-credit-policy-keeps-rates-unchanged/76628-7.html
The RBI had made repo rate and CRR cuts to kickstart economy.
http://www.ibnlive.com/news/network-18-poll-shows-people-surprised-by-rbis-moves/76618-7.html
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