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Tag "interest rate"

Growth Stance: MPC to hold rates despite excess liquidity

Growth Stance: MPC to hold rates despite excess liquidity

🕔13:09, 6.Oct 2021

Mumbai, Oct 6 (IANS) The Reserve Bank of India will retain key lending rates as well as maintain the accommodative stance to support growth during the upcoming monetary policy review, say experts. On the other hand, the central bank might indicate

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EPFO keeps interest rate unchanged at 8.5% for FY21

EPFO keeps interest rate unchanged at 8.5% for FY21

🕔21:01, 4.Mar 2021

New Delhi, March 4  In a major relief for India’s working class, the Employees’ Provident Fund Organisation (EPFO) has decided to keep interest rates on Provident Fund deposits for the financial year 2020-21 unchanged at 8.5 per cent. On Thursday,

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EPFO to pay 8.5% interest rate for FY20 in 2 instalments

EPFO to pay 8.5% interest rate for FY20 in 2 instalments

🕔07:39, 10.Sep 2020

New Delhi, Sep 10  The Employees’ Provident Fund Organisation (EPFO) will pay 8.50 per cent interest rate to the formal sector employees for the last fiscal year in a staggered manner due to the impact of the coronavirus pandemic. The

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Canara Bank slashes interest rates on loans upto 35 bps

Canara Bank slashes interest rates on loans upto 35 bps

🕔17:22, 6.Apr 2020

New Delhi, April 6  Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans and Advances across all tenors with effect from April, for the amalgamated entity. The bank has reduced interest rate by 35

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SBI cuts interest rates on savings deposits

SBI cuts interest rates on savings deposits

🕔13:34, 9.Oct 2019

New Delhi, Oct 9  The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps to 3.25 per cent from November 1, and slashed retail &

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New Zealand central bank cuts 25 basis points off interest rate

New Zealand central bank cuts 25 basis points off interest rate

🕔13:41, 10.Sep 2015

Wellington, Sep 10  New Zealand’s central bank on Thursday cut interest rates for the third time year, slicing 25 basis points off the official cash rate (OCR) to bring it to 2.75 percent.Reserve Bank of New Zealand (RBNZ) governor Graeme

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SBI rules out interest rate cut in near-term

SBI rules out interest rate cut in near-term

🕔15:16, 4.Aug 2015

Mumbai, Aug 4  On the day the RBI kept interest rates unchanged, calling on commercial banks to relay onward benefits of earlier rate cuts, government-run State Bank of India (SBI) on Tuesday ruled out any interest rate cuts soon for

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RBI governor likely to hold interest rates

RBI governor likely to hold interest rates

🕔15:52, 3.Aug 2015

New Delhi, Aug 3  The Reserve Bank of India (RBI) is widely expected to hold interest rates at its monetary policy review on Tuesday. According to the Export-Import Bank of India, the rising trend in inflation seen over the last

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RBI cuts repo rate by 25 basis point

RBI cuts repo rate by 25 basis point

🕔10:23, 15.Jan 2015

Chennai, Jan 15  With the inflation rate coming below eight percent as targeted by January 2015 and likely to be below six percent by January 2016, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis

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