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Anup Roy 09:30 PM | October 20,2009
Report recommends replacing PLR system, abolishing concessional credit to exporters and small borrowers
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Anup Roy 12:28 AM | October 20,2009
The panel has recommended replacing the prime lending rate with a base rate below which no bank can lend
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PTI 11:21 AM | September 20,2009
The central bank panel, headed by RBI executive director Deepak Mohanty and comprising external experts and IBA, is also expected to put a ceiling on the sub-PLR advances of the banks
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PTI 02:31 PM | July 20,2009
The cut in lending rate follows the reduction in the fixed deposits rate effective from 18 May
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Anup Roy 08:53 PM | June 24,2009
Following the rate cut, the bank’s PLR stands at 11.75%
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Anup Roy 11:48 PM | June 02,2009
Since the last meeting with the finance minister, in February, banks have pared their loan rates by 100-150 basis points and deposit rates even more sharply
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PTI 02:26 PM | April 29,2009
Last week, the country’s largest private sector lender ,ICICI Bank, slashed the advance rate by 50 basis points to 16.25%
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PTI 02:11 PM | April 21,2009
Department of Economic Affairs secretary Ashok Chawla said RBI is signaling or continues to signal if there is a scope for softening of interest rate
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Rahul Chandran 12:08 AM | March 14,2009
If it goes ahead with the proposal, the highways regulator will provide such loans on a case-to-case basis against bank guarantees furnished by the contractors
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PTI 07:52 PM | December 22,2008
The reduction in PLR will provide relief to both the existing and new customers of these banks, including education, auto and home loan borrowers
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Banker’s Trust | Tamal Bandyopadhyay 11:26 PM | November 09,2008
The unprecedented liquidity crunch that is forcing the RBI to release money into the system any which way has dramatically changed the dynamics of the business of banking
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PTI 04:28 PM | November 06,2008
After the reduction, the PLR of the bank will be at 13.25% compared to 14% at present
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02:17 PM | November 04,2008
The assets and liability committee of the bank would meet on 10 November to review the interest rate scenario
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PTI 12:04 PM | October 19,2008
India’s central bank is widely expected to cut key short term rates, apart from further reduction in CRR in the mid- term policy review on 24 October
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01:12 PM | August 13,2008
The Reserve Bank of India (RBI) last month raised its key lending rate to its highest in seven years at 9% to combat a surge in inflation, now at a 13-year peak of 12%
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