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NEW DELHI: The recent policy actions by the Reserve Bank of India (RBI) appear to mark the end of the current interest rate cutting cycle, according to a report by Union Bank of India. The report states that the terminal repo rate is now likely to settle at 5.50 per cent, assuming a real interest rate of around 150 basis points and an inflation forecast of 4 per cent for the financial year 2025-26. It said, "We believe that this stealth easing concludes the rate cutting cycle for now with termi ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contract ...Read More >
Mumbai: Benchmark equity indices surged on Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. Recovering all the early lost ground, the 30-share BSE Sensex jumped 746.95 points, or 0.92 per cent, to settle at 82,18 ...Read More >
Hyderabad: State Irrigation Minister N Uttam Kumar Reddy has said that the Telangana Government was intensifying its fight against Andhra Pradesh's proposed Godavari-Banakacharla Link Scheme and was determined to protect Telangana's water rights. The Minister said that he had written multiple letters to the Centre, exposing serious violations by Andhra Pradesh and demanding immediate intervention. Andhra Pradesh had failed to obtain technical clearances from the Central Water Commission (CWC) a ...Read More >
New Delhi [India], June 7 (ANI): Lending rates are expected to fall by around 30 basis points (bps) following the recent policy rate cut, according to a report by the State Bank of India (SBI). The report highlighted that the immediate impact will be seen on loans linked to the external benchmark lending rate (EBLR), which make up about 60 per cent of the loan book of All Scheduled Commercial Banks (ASCBs). SBI said 'The steep cut on policy rates is expected to pass on to the EBLR linked loan ...Read More >
New Delhi [India], June 7 (ANI): Lending rates are expected to fall by around 30 basis points (bps) following the recent policy rate cut, according to a report by the State Bank of India (SBI). The report highlighted that the immediate impact will be seen on loans linked to the external benchmark lending rate (EBLR), which make up about 60 per cent of the loan book of All Scheduled Commercial Banks (ASCBs). Also Read | Bank Holiday Today? Are Banks Open or Closed on Saturday, June 07, 2025, fo ...Read More >
New Delhi | June 7, 2025: Home loan borrowers have reason to rejoice. Following the Reserve Bank of India's (RBI) decision to cut the repo rate by 50 basis points -- from 6% to 5.5%, home loan EMIs are expected to drop significantly. Also Read: RBI Slashes Repo Rate by 50 bps to 5.5%: EMIs Set to Drop, Real Estate Gets a Boost For instance, a borrower with a ₹50 lakh home loan over 20 years at an interest rate of 8.5% currently pays an EMI of around ₹43,391. With a 50-basis-point drop in inter ...Read More >
Mumbai: Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio (CRR) for banks to make available more money to lend in a bid to boost the economy. The RBI's six-member monetary policy committee, headed by governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis ...Read More >
Lucknow, Jun 6 (PTI) The Allahabad High Court on Friday ordered a stay on any coercive action, including demolition, against more than two dozen madrasas in Shravasti district of Uttar Pradesh. The Lucknow bench passed the interim order on petitions filed by Madrasa Moinul Islam Qasmiya Samiti and 26 other individual madrasas, all in Shravasti district. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to India, Pleading Reinstatement of IWT, Say Sources. Justice ...Read More >
New Delhi: Nomura lowered India's inflation forecast to 3.3% in FY26 from 3.9% earlier and said cooling inflation will create more space for monetary policy easing. A strong winter crop harvest, decline in pulse prices due to higher supply, lower agricultural input costs and potentially favourable monsoons should lower food inflation, it said. Meanwhile, a negative output gap, lower manufacturing input costs and moderating wage growth are likely to keep core inflation capped, it added. The Res ...Read More >
Kota, Jun 6 (PTI) A relationship manager in an ICICI bank branch in Kota allegedly swindled around Rs 4.58 crore from customers' accounts only to lose the lot of it in the stock market, police on Friday said. She was arrested last week and is currently under judicial custody, they said. Also Read | Bengaluru Stampede: Police Complaint Lodged Against Virat Kohli Over Stampede Tragedy Near Chinnaswamy Stadium. The accused, Sakshi Gupta, was posted as a relationship manager at ICICI Bank's DCM b ...Read More >
MUMBAI: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. Speaking to reporters at the monetary policy press conference, Malhotra said that the bank has taken sufficient steps to improve its accounting practices. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I though ...Read More >
MUMBAI: The Equated monthly instalments (EMIs) on your home, car, education and business loan is set to reduce further as the rate setting panel of the Reserve Bank of India (RBI) on Friday cut the benchmark repo rate by 50 basis points to 5.5 per cent. Repo rate is the rate at which the central bank lends short term money to commercial banks. A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower cost to the borrowers. With thi ...Read More >
New Delhi, Jun 6 (PTI) Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements soon. "Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% - 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 202 ...Read More >
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance fr ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Leading industry chambers on Friday lauded the RBI's rate cut decision, describing the continuation in the accommodative policy stance as a catalyst for boosting capex and demand across different sectors of the economy. Assocham expressed delight at the 50-basis-point reduction in the policy interest rates. "The MPC's repo rate cut of 50 basis points and cash reserve ratio cut of 100 bps is expected to reduce lending rates, spur growth in the economy and enco ...Read More >
New Delhi [India], June 6 (ANI): The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week. At the end of the trading on Friday, the BSE Sensex was at 82,188.99, up 746.95 points or 0.92 per cent, and the Nifty 50 was up 252.15 points or 1.02 per cent. The market analysts say that the RBI's decision to cut the repo rate exceeds expectations and gives a ...Read More >
New Delhi, Jun 6 (PTI) Interest-rate-sensitive stocks were in huge demand on Friday, with the realty index climbing nearly 5 per cent as investors cheered the Reserve Bank's jumbo rate cut of 50 basis points. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-m ...Read More >
New Delhi: The Nifty Bank index hit its all-time high on Friday, rising 1.47 per cent, after the Reserve Bank decided to cut cash reserve ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash ...Read More >
Mumbai, June 6 (UNI) The Reserve Bank of India (RBI) on Friday in its second bi-monthly monetary policy of FY26. cut the repo rate by 50 basis points (bps) to 5.50 pc from 6.00 pc earlier. This is the central bank's third consecutive repo rate cut. RBI Governor Sanjay Malhotra-led Monetary Policy led committee decided to cut the Cash Reserve Ratio (CRR) by 100 basis points (bps) to 3% from 4% earlier releasing Rs 2.5 lakh crore of lendable resources to the banking system. The MPC also decided ...Read More >
New Delhi, Jun 6 (PTI) The RBI decision to cut repo rate by 100 basis points since February, coupled with relief in personal income tax in the Budget, will have a positive impact on demand for residential properties, especially affordable and mid-income homes, according to real estate developers. The RBI's move to reduce repo rate by 50 basis points on Friday will ease the financial burden of homebuyers and builders as well, they said, while hoping that banks pass on the benefits of the reducti ...Read More >
Mumbai, June 6: Benchmark indices Sensex and Nifty surged nearly 1 per cent on Friday, driven by a rally in rate-sensitive sectors following the Reserve Bank's jumbo rate cut of 50 basis points. Market analysts said in light of benign inflation forecasts, RBI has taken steps to boost growth. A 50 bps repo rate cut supported by phased 100 basis points CRR cut will boost growth and lower the borrowing costs. The policy is broadly positive for growth and investment in a challenging global macro en ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, the lowest level in three years. This marks the third consecutive rate cut in 2025, bringing the cumulative reduction to 100 basis points since February. Alongside the rate cut, the central bank also reduced the cash reserve ratio (CRR) by 100 bps, unlocking ₹2.5 lakh crore worth of liquidity in the system. Sanjay Malhotra, governor, RBI said the monetary policy committee (MPC) took the decisi ...Read More >
Mumbai, Jun 6 (PTI) Benchmark equity indices surged on Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. Recovering all the early lost ground, the 30-share BSE Sensex jumped 746.95 points, or 0.92 per cent, to set ...Read More >
Mumbai, Jun 6 (PTI) The rupee pared initial losses and appreciated 11 paise to close at 85.68 (provisional) against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth. Forex traders said the rupee traded on a flat-to-positive note as the RBI surprised the market with a jumbo rate cut. Besides, the rate cut supported by a phased 100 basis points CRR reduction will lower the borrowing costs and boost growth. Moreover, a surge ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third i ...Read More >
Mumbai, June 6 (SocialNews.XYZ) Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon. However, the stock later gave up some of its early gains. During mid-day trade, around 1:45 pm, IndusInd Bank shares were seen consolidating and were trading at Rs 827.85, up by Rs 24.65 or 3.07 per cent on the National Stock Exchange (NSE). The bank had been facing scrutiny due to past ac ...Read More >
New Delhi [India], June 6 (ANI): Economists across the board have welcomed the Reserve Bank of India's (RBI) latest policy decision, terming the 50 basis points (bps) repo rate cut as a pro-growth move that is expected to significantly boost liquidity and economic activity in the country. On Friday, RBI Governor Sanjay Malhotra announced the decision of the Monetary Policy Committee (MPC), stating that the policy repo rate has been reduced from 6 per cent to 5.5 per cent. This larger-than-expe ...Read More >
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