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Cut in Repo Rate
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....ut in Repo Rate <br>News and Press Release<br>Dated:- 27-2-2015<br><BR>The Reserve Bank of India (RBI) has cut the Repo Rate recently. It has reduced the Repo Rate under the liquidity adjustment facil....
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....ity (LAF) by 25 basis points (bps) from 8.0 per cent to 7.75 per cent on January 15, 2015. With the introduction of Base Rate System since July 1, 2010, all rupee lending rates (including advances u....
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....pto ₹ 2 lakh) have been deregulated. Accordingly, the interest rates on rupee advances are determined by banks with the approval of their respective Boards. In a deregulated environment, banks h....
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....ave complete freedom in deciding their spread, risk premia, term premia and other customer specific charges as considered appropriate on the loans and advanes based on their commercial judgment. Fol....
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....lowing the reduction in the policy rate by 25bps to 7.75 per cent on January 15, 2015, the median base (lending) rate of banks declined by 5 bps to 10.20 per cent so far (upto February 23, 2015). Eigh....
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....t banks (2 Public Sector Banks, 1 private sector bank and 5 foreign banks) have reduced their base rates in the range of 25-50 bps so far. br> This was stated by Shri Jayant Sinha, Minister of State ....
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....in Ministry of Finance in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....