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  RBI Asks Banks Not To Levy Pre-Payment Charges On Home Loans

  April 17, 2012 20:37 IST

  Mumbai, Apr 17: Providing relief to home loan borrowers, the Reserve Bank today asked banks not to levy any penalty on pre-payment of loans taken on floating rate.“Though many banks have, in the recent past,

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  Lending Rates Likely To Come Down By 0.25 Pc

  April 17, 2012 20:36 IST

  Mumbai, Apr 17: Home, auto and corporate loans are likely to become cheaper as the Reserve Bank today slashed the short term lending rate sharply by 0.50 per cent to 8 per cent, signalling banks

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  RBI Keeps Rate Unchanged; Inflation To Guide Future Action

  March 15, 2012 12:00 IST

  Mumbai, Mar 15: The Reserve Bank today kept key policy rate unchanged and said future policy action would be determined by the movement in inflation.“On the basis of the current macroeconomic assessment, it has been

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  RBI Hints At Maintaining Status Quo In Policy Review On Tuesday

  January 23, 2012 19:21 IST

  Mumbai, Jan 23: Indicating that it may not tweak interest rates in tomorrow's policy review, the Reserve Bank today said it will try to strike a balance between the need for promoting growth and containing

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  RBI To Issue Rs 500 Note With Re Symbol

  December 27, 2011 10:26 IST

  Mumbai, Dec 27: The Reserve Bank will shortly issue Rs 500 notes which will have the rupee symbol.The Rs 500 notes will be of the Mahatma Gandhi-2005 Series bearing the signature of Reserve Bank of

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  RBI Retains Interest Rates, Indicates Cut From Now On

  December 16, 2011 14:26 IST

  Mumbai, Dec 16 : Concerned over economic slowdown, the Reserve Bank today kept interest rates unchanged and indicated that it could cut key policy rates from now onwards to arrest falling growth while keeping a

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  RBI Imposes Curbs On Rupee Forward Trading

  December 15, 2011 21:15 IST

  Mumbai, Dec 15: The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations by imposing restrictions with immediate effect on forward trading in the local currency by FIIs

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  Inflation Down To 9.1 PC

  December 14, 2011 18:42 IST

  New Delhi, Dec 14: Cheaper onion and potato pulled inflation down to 9.11 per cent in November, but the Reserve Bank has a tough task ahead of controlling prices without hiking rates as industrial ouput

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  RBI Raises Key Rates By 25 Bps; Auto, Home Loans To Cost More

  September 16, 2011 23:02 IST

  Mumbai, Sep 16 : Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.

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  RBI Has No Intension To Stop Teaser Loans: Gokarn

  September 07, 2011 21:48 IST

  Mumbai, Sep 7: Reserve Bank Deputy Governor Subir Gokarn today said the central bank has no plan to ban teaser loans but warned that any such product will attract 2 percent additional provisioning.“There is no

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  Loans To Be Costlier, RBI Hikes Repo Rate By 0.25 PC

  June 16, 2011 16:09 IST

  Mumbai, June 16 :  Continuing its efforts to check price rise, the Reserve Bank today raised key short-term lending and borrowing rates by 25 basis points for the 10th time since March, 2010, a move

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  Banks Must Reimburse Failed ATM Transactions Within 7 Days: RBI

  India | May 27, 2011 16:39 IST

  Mumbai, May 27: The Reserve Bank today directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a

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  RBI Raises Key Rates; FM Says May Impact Short-Term Growth

  India | November 02, 2010 20:06 IST

  Mumbai, Nov 2: Hardening its stance on inflation, RBI today raised some key policy rates prompting Finance Minister Pranab Mukherjee to caution that it could have some short-term negative impact on growth. The apex bank