The move, according to cooperative banking leaders, would support small and medium industries and increase credit offtake
By lowering rates, the central bank has put the onus of improving growth on the govt
With deposit rates staying firm, most banks are likely to see a dip in their net interest margins in coming quarters
Market participants were hoping the central bank would slash repo by 50 bps, though the official consensus was a 25-bp cut
Repo rate reduced 25 bps after 8 months CRR at record low, but central bank strikes cautious note on further easing
Selling of the American currency by exporters helps rupee
Selling of the American currency by exporters helps rupee
Hub to function as a single window for processing, sanctioning auto loans
Hub to function as a single window for processing, sanctioning auto loans
LOC will be used for financing low-cost housing and economical buildings project
For the fiscal year that ended in March 2012, the current account deficit was 4.2% of GDP
Bank's planning continues to be organic in execution of various targets
New base rate to be effective from Feb 4, 2013
HDFC Bank lowers vehicle loan rate by 25-50 bps