[ad_1] Two major Indian banks, Indian Bank and Punjab National Bank (PNB), have announced reductions in their lending rates following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points, signalling a shift in monetary policy to ease borrowing costs. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest […]
Starting March 7, Tamilnad Mercantile Bank will offer lower home loan rates: Check details – CNBC TV18
[ad_1] Tamilnad Mercantile Bank (TMB) has announced a revision in its Marginal Cost of Funds Based Lending Rate (MCLR) and Repo Linked Lending Rate (RLLR), effective March 7, 2025. The bank has reduced the one-year MCLR to 9.60% from the previous 9.75%, while the RLLR has been revised down to 9.25% from 9.45%. Index Fund […]
RBI MPC Meeting: Repo rate left unchanged for 11th time; CRR cut by 50 basis points – CNBC TV18
[ad_1] The Monetary Policy Committee of the Reserve Bank of India decided to keep policy rates unchanged at 6.5% for the 11th straight instance on Friday, December 6. The decision was taken with a majority of 4:2. Dr. Nagesh Kumar and Professor Ram Singh had voted to reduce the policy repo rate by 25 basis […]
RBI MPC Meeting Live: RBI will release ₹1.16 lakh crore into Indian banking system, announces Guv Das
[ad_1] By CNBCTV18.COM | Dec 6, 2024 11:16 AM IST (Updated) RBI MPC Meeting Live Updates: Following his last RBI MPC policy meeting until his term ends on December 10, Governor Shaktikanta Das announce maintaining a status quo on policy rates though the panel decided to cut the cash reserve ratio (CRR) to 4% in line […]
RBI MPC GDP Growth Update: FY25 forecast cut to 6.6%; Governor says Eco ‘bottomed out’ in Q2 – CNBC TV18
[ad_1] The Reserve Bank of India on Friday, December 6, revised the projections for India’s GDP growth for financial year 2025 down to 6.6% from 7.2% earlier. Company Value Change %Change The move comes after the India’s GDP growth for the July-September period, fell to a seven-quarter low of 5.4%. This was the lowest growth […]
RBI Monetary Policy Oct LIVE updates: Central bank likely to keep repo rate unchanged, say analysts
[ad_1] Oct 9, 2024 8:40 AM RBI MPC Meet Live: Is a rate cut expected late this year? The sentiment of the CNBC-TV18 poll reflects a broader expectation of a rate cut later in the year, with 70% of the polled analysts predicting a December 2024 reduction. A smaller 10% foresee this happening by February […]
Exclusive: Jaime Dimon says ‘plenty of room’ for interest rate cut in the US – CNBC TV18
[ad_1] JPMorgan Chase CEO Jamie Dimon stated on Tuesday, September 24, that there is “plenty of room” for interest rates to decrease in the U.S. While he hopes for robust growth alongside declining inflation, he expressed skepticism about future prospects. “I think it’s got a lot more ink than it deserves. They raised rates to […]
Envision’s Nilesh Shah spotlights these two themes as multi-year trends – CNBC TV18
[ad_1] Urbanisation and digitisation are the two most powerful themes in India, which are structural multi-year trends, according to Nilesh Shah, MD & CEO at Envision Capital, who manages funds worth over ₹1,500 crore. “I clearly believe that digitisation is still being undermined. Most investors have a chorus around valuations. But I believe growth and […]
US Fed rate cut drives gold prices to all-time high – CNBC TV18
[ad_1] Gold prices surged to a record high on Wednesday following a 50 basis point cut in US interest rates by the Federal Reserve, which caused the dollar to decline. Spot gold prices climbed 0.9% to $2,592.39 per ounce, while US gold futures increased by 0.2% to $2,598.60. “Gold surges to all-time highs but bond […]