Mumbai: The Reserve Bank of India kept key rated unchanged despite a dip in inflation.
Softening headline inflation alone was no longer be enough to spur the Bank to cut interest rates at a time when

Mumbai: Stating that low interest rates spur economic growth, Finance Minister P. Chidambaram today asked banks to improve their operational efficiency to bring down the rates, and pass on the benefi

The CII Business Confidence Index (CII-BCI) for July-September 2012 fell by 3.7 points to 51.3, after rising to 55.0 in April-June 2012 from 52.9 in the previous quarter.

"The falling index val

The Bank of Japan on Thursday kept interest rates unchanged and held off further easing measures, repeating its view that the world's third-largest economy was 'picking up moderately'.

The BoJ kept r

State Bank of India on Wednesday slashed lending rates on car and home loans by up to 0.5 per cent, a day after one per cent cut in SLR by the Reserve Bank.

SBI has reduced interest rate on home

The U.S. Justice Department is building criminal cases against several financial institutions and their employees related to the manipulation of interest rates, The New York Times reported on Saturday

Interest rate on employees' provident fund for the current fiscal is yet to be fixed despite the first quarter of the year 2012-13 having ended, raising concerns among its subscribers.

There ar

In a surprise move, country's largest bank SBI had increased interest rates on select fixed deposits by 0.25 per cent.

Deposits under Rs 15 lakh for a period of three years but less than five years

State-run Indian banks are likely to give in to a government directive and lower lending and deposit rates within the next few days after the RBI made a deeper than expected cut to its policy rate on

Country's largest lender State Bank of India (SBI) is 'keen' to cut interest rates in order to boost credit expansion, a top bank official said on Wednesday.

"All sentiment is building towards i