lending rate
The Reserve Bank of India was expected to cut the lending rate by at least 0.25 per cent while lending rate has been kept unchanged at 8 per cent. The RBI was also expected to cut CRR to introduce liquidity in financial system, but the CRR remained same at 4.74 per cent. RBI has raised [...] Continue Reading »
The State Bank of India Chairman said that the bank is not planning to reduce the lending rate immediately. As the base rate of interest of SBI is lowest in the capital market, they are not interested in reduction of home loan interest. The SBI is also not planning to reduce the deposit rates. According [...] Continue Reading »
