RBI surprises with a 25 bps rate cut
Monetary Policy committee changes stance to ‘neutral’; cut in benchmark rate will lead to savings for homebuyers, say experts.
interest rate
February 2019
August 2017
‘Banks need ₹20 lakh cr in fresh deposits to meet credit demand’
A report by CRISIL says an uptick in credit demand in FY19-FY20 will require banks to raise funds through fresh deposits.
SBI’s big retail banking gamble
SBI’s 50 bps reduction in savings account rate works out to be a saving of at least Rs 400 crore in interest outgo.
