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RBI to look into deregulation of interest rate on savings

The Reserve Bank on Wednesday said it would soon set up a working group to examine the possibility of deregulation of interest rates on savings account.

RBI asks banks to help airlines

Mumbai, Sept. 8: RBI has asked lenders to work out a special concessional package for the crisis-ridden aviation sector, reeling un-der financial debt burden of a staggering `60,000 crore.

In respon

Savings may fetch more

Mumbai, Sept. 8: There is some good news for savings bank depositors as the RBI is seriously considering deregulation of interest rates on savings deposits. A working group is being set up by the RBI

RBI hikes rates for fourth time this year

Mumbai, July 27: India's central bank hiked its main interest rates on Tuesday for the fourth time this year, raising the repo rate by 25 basis points and the reverse repo rate by 50 basis points, a s

RBI rate hike to check inflation, not hurt growth: Pranab

New Delhi, Jul 27: Finance Minister Pranab Mukherjee today said the Reserve Bank's decision to raise short-term key rates will check inflation without hurting growth.

"I expect this policy will lead

RBI rates may turn auto, home loans expensive

Mumbai, July 27: Targeting to check the double digit inflation, RBI today hiked its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively, a move that could put pressu

RBI will now review monetary policy mid-quarter

Mumbai, July 27: The Reserve Bank of India (RBI) Tuesday said it would update the monetary policy about 45 days after the quarterly review to respond faster to changing domestic and international econ

Rate hike will hurt: Industry

New Delhi, July 27: India Inc Tuesday said the Reserve Bank of India's decision to raise the reverse repo rates by 50 basis points (bps) would hurt the manufacturing sector.

The Federation of Indian

Auto, realty stocks register gains post-RBI rate hike

Mumbai, July 27: Reacting positively to the moderate rate hike announced by the Reserve Bank today, shares of rate- sensitive auto and realty companies rose in the range of 1-3 per cent at mid-session

Inflation forces RBI to make credit costly

Mumbai, July 27: The Reserve Bank of India (RBI) reiterated its confidence in India’s growth story by hiking the GDP growth rate to 8.5 per cent from eight per cent in April on Tuesday. But it stresse

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