The countrys largest private sector lender, ICICI Bank, does not see immediate pressure on interest rates, but expects them to rise from the second quarter (July-September) of next financial year due to increase in demand for credit. Now-RBI may not increase policy rates in April policy: Kamath-No pressure on interest rates over next 9 months: Kamath-'Consumption, investment will drive growth'-Banks to review teaser home loan plans in March-Bankers see huge challenges in next financial year-
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- RBI policy rates at ’03 level but banks keep lending rates high 2 years 48 weeks ago
Five years ago, in November 2003, ICICI Bank was offering home loans at 7.5 per cent interest rate. That was the time when key policy rates of the Reserve Bank of India (RBI) were at low levels and there was comfortable liquidity in the system.
- Rising inflation rate may push interest rates up 2 years 9 weeks ago
The inflation rate has been rising gradually. With this rise, the fear of a hike in interest rates and tightening of the credit policy seem to beInflation coming true in the next few months.
- Chanda Kochar : RBI cuts repo rates by 100 bps but banks play it safe 3 years 9 weeks ago
As a part of the Government’ economic booster package, the RBI cut repo rates and reverse repo rates by 100 bps on Saturday, sending a strong signal to banks to cut rates and stimulate growth.
“Credit demand has been slackened. Banks will be urged to cut lending rates, which will come though reduction in deposit rates,” RBI Governor D Subbarao said.- Yes Bank outperforms in Loan Growth 2 years 4 weeks ago
Private sector lenderYes Bank on Wednesday posted a 19% rise in October-December net profit, helped by higher loan growth that pushed up interest income for the bank.Net profit for the quarter rose to Rs125 crore, up from Rs105 crore a year ago, beating a Reuters poll estimate of Rs99.43 crore.
- Bank shares rally as RBI may keep rates on hold 2 years 18 weeks ago
Shares of fourteen banks gained 0.05% to 6.23% at 12:21 IST on BSE on speculation the central bank will keep key policy rates unchanged at its quarterly monetary policy review next week.
- Axis Bank raises rate war pitch with car loans at 9 Percent 2 years 22 weeks ago
Axis Bank has become the new price warrior in the car loan segment. The third-largest private sector bank has slashed interest rates by around 150-200 basis points in the past one month in select southern markets.
- State Bank of India snipped interest rates by 25-50 basis points on deposits. 2 years 15 weeks ago
SBI (State Bank of India) has snipped interest rates by 25-50 basis points on deposits up to 5 years time period. After several months, this is for second time that India’s biggest bank has snipped term deposit rates.
- ICICI and IDBI Bank to reduce deposit rates by up to 1% 2 years 40 weeks ago
Two leading lenders ICICI Bank and IDBI Bank on Friday reduced their deposit rates by up to 100 basis points (bps) across various maturities.Click on the link to read the story in detail.
- Japan's Bank keeps Interest Rates Unchanged & Upgrade its Profits 2 years 13 weeks ago
The Bank of Japan policy board Friday kept its key target rate unchanged at 0.1%, maintaining a super-easy monetary policy