basis point news

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts

Global agencies also saw Indian economy growing faster than previously estimated this year. (File)

india news

Updated on Nov 04, 2023 03:36 am IST

March wholesale inflation at record 29-month low of 1.34%

Retail prices cooled to 5.66% in March, the lowest in 15 months. (REUTERS)

india news

Updated on Apr 17, 2023 06:27 pm IST

SBI cuts benchmark lending rate by 15 basis points

SBI slashed its interest rates on retail term deposits by 20 basis points for ‘up to 3 Years’ tenor, effective from May 12 in view of adequate liquidity in the system as well as with the bank.pic by hemant Mishra/mint

business

Updated on May 07, 2020 04:17 pm IST

What the Union Budget did not say | Opinion

A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well

analysis

Updated on Sept 06, 2020 05:36 pm IST

SBI posts record quarterly profit as bad loan provisions drop

SBI’s shares rose as much as 3.5% in a Mumbai market that was trading 0.1% lower as of 0830 GMT.

business

Updated on Jan 31, 2020 02:36 pm IST

Retail inflation in October rises to 4.62%, breaches RBI’s medium term target of 4%

india news

Updated on Nov 13, 2019 05:53 pm IST

India has worked on fundamentals, but problems need to be addressed: IMF

IMF Managing Director said there has been a very strong growth in India over the last years and the IMF is projecting reasonably strong growth for the country.

business

Updated on Oct 18, 2019 07:07 am IST

Worrying signals for the economy | HT editorial

Data from RBI shows that adjusted non-food bank credit to the commercial sector from banks was negative in the year to September 13

editorials

Updated on Oct 04, 2019 07:00 pm IST

Is it a wise idea to opt for repo-linked loan?

RLLR-based home loan will ensure faster rate cut transmission. (Photo: iStock)

business

Published on Aug 21, 2019 11:54 pm IST

RBI has done its bit, now over to the government

RBI has lowered its growth projections for the first half of the year sharply.

analysis

Updated on Aug 08, 2019 08:50 am IST

SBI lowers lending rate by 15bps, loan EMIs set to ease

Existing borrowers whose loans are linked to the MCLR (marginal cost of funds based lending rate) will not see any impact on immediately considering the reset clause. For instance, a loan linked to one-year MCLR and taken out in ,say, June, could see a reset only next June.

india news

Updated on Aug 08, 2019 09:46 am IST

RBI cuts rate, scales down growth outlook

Reserve Bank of India (RBI) Governor Shaktikanta Das attends Third Bi-Monthly Monetary Policy press conference in Mumbai on Aug 7, 2019. (ANI Photo)

india news

Updated on Aug 08, 2019 09:47 am IST

SBI lowers interest rates after RBI announces fourth rate cut in a row

The lender added that after its fourth cut in MCLR for the year, home loans had become cheaper by 35 bps since April 10.

business

Updated on Aug 07, 2019 02:33 pm IST

Pain, not gain, may be in store for emerging markets after Fed

The risk for emerging markets now is that the Federal Reserve delivers a 25 basis-point cut tomorrow without signaling much else.

business

Updated on Jul 30, 2019 07:11 pm IST

Foreign bond sale plan spurs best India bond rally in six months

Prime Minister Narendra Modi has few options left as a slowing economy crimps tax revenue, while investors have been concerned about his plans to borrow a record 7.1 trillion rupees this fiscal year, a target Sitharaman left unchanged.

budget

Updated on Jul 05, 2019 05:28 pm IST

As Sitharaman set to present Budget, state of economy explained in 4 charts

Economic Survey 2018-19

budget

Updated on Jul 05, 2019 11:20 am IST

RBI to do away with charges on online money transfer

Both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are real-time payment systems maintained by the RBI and incur some associated charges.

business

Updated on Jun 06, 2019 12:32 pm IST

RBI likely to slash interest rates in third straight cut

The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Das.

business

Updated on Jun 06, 2019 09:41 am IST

IIP at 20-mth low, CPI inflation rises

The Reserve Bank of India (RBI) cut the policy rate by 25 basis points (bps) for the second consecutive time earlier this month as concerns over growth loomed larger than those surrounding inflation.

business

Updated on Apr 12, 2019 11:21 pm IST

State Bank of India cuts lending rate: Here’s how it affects you

Most SBI retail loans, including home loan, car loan and personal loans, are currently linked to one-year MCLR.

business

Updated on Apr 10, 2019 12:35 pm IST

Planning to take a loan for used car? 3 things you must know

Proper documentation a must: When you are buying a used car, you need to first check all the documents.

business

Updated on Apr 09, 2019 12:02 pm IST

RBI cuts repo rate by 25 bps for second time in 2019; loans may get cheaper

The Reserve Bank of India (RBI) announced its first policy of FY 20 on Thursday

business

Updated on Apr 04, 2019 01:33 pm IST

Retail inflation eases to 2.05% in January, factory output improves

Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore.

business

Updated on Feb 12, 2019 06:04 pm IST

RBI makes surprise cut in interest rate, home loans could get cheaper

The Reserve Bank of India on Thursaday cut the repo rate by 25 basis points to 6.25 percent and pegged the GDP for 2019-20 at 7.4 per cent.

business

Updated on Feb 07, 2019 12:37 pm IST

Budget 2019: Govt misses fiscal deficit target, revises it upwards

The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.

budget

Updated on Feb 02, 2019 02:36 pm IST

India will have to pay ₹68,500 crore extra to repay debt due to weak rupee

The rupee fell past 72 per dollar to a record low on Thursday, amid a deepening emerging market contagion and the risk of a wider current-account deficit

business

Updated on Sept 07, 2018 05:47 pm IST

India’s retail inflation rate in June at five-month high of 5%

India’s retail inflation rate accelerated to a five-month high of 5% in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee.

business

Updated on Jul 12, 2018 07:03 pm IST