Search Results for: retail lending

Raghuram Rajan RBI Governor

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates. Mar 5, 2015
congress-party-protests-fuel-price-hike-by-modi-government

Congress party protests fuel price hike by Modi government

Bengaluru, March 02 (ANI): The youth wing of Congress party staged a protest in Bengaluru against the fuel price hike by Prime Minister Narendra Modi-led government. State run Indian Oil Corp raise the retail price of petrol by 5.5 percent and that of diesel by 6.6 percent from Sunday, as global prices of the two fuels have risen since the last revision. Retail prices of petrol will be raised by 3.18 rupees a litre and that of diesel by 3.09 rupees a litre. A leader of the youth wing, Pramod Shanker, criticised the government over hike. Mar 2, 2015
low-gas-prices-yes-spending-no

Low gas prices, yes, spending, no

Tumbling gas prices equate to virtual pay raises. But many Americans don't seem to be spending that that new found cash. Retail sales have been relatively flat and the savings rate is up. So what Feb 28, 2015
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