SBI may review rates by May-end

July 28th, 2009 MUMBAI - Reserve Bank of India Governor D. Subbarao will review and update the monetary policy for the current fiscal a little before noon Tuesday amid little expectation of any major change in key policy rates.

June 24th, 2009 KOLKATA - State-run Allahabad Bank is unlikely to cut either interest rates or deposit rates soon, a top bank official said here Wednesday. There is a demand that interest rates should be made affordable but there are other factors that need to be taken into account, the bank's chairman and managing director K.R.

June 19th, 2009 KOLKATA - The city-based UCO Bank will cut its deposit and lending rates by 50 basis points soon, a top bank official said here Friday. We would cut both the deposit and lending rates by 50 basis points from June 27, UCO chairman and managing director S.K.

June 10th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee will meet heads of public sector banks today. Issues like review of interest rates of banks, credit growth and agriculture loans will be discussed during the meeting.

May 14th, 2009 Rates on 30-year mortgages up slightlyWASHINGTON — Rates on 30-year fixed mortgages rose slightly for the second straight week, but still remained below 5 percent, Freddie Mac said Thursday. The average rate for a 30-year fixed mortgage was 4.86 percent, up from 4.84 percent last week.

May 8th, 2009 Mortgage rates rise, shy of record lowWASHINGTON — Rates on 30-year mortgages inched up this week after matching an all-time record low a week earlier. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages rose to 4.84 percent this week, down from an average of 4.78 percent last week.

April 21st, 2009 MUMBAI - The Reserve Bank of India (RBI) revealed the annual monetary policy here on Tuesday. According to the report, the short-term lending (repo) rate and borrowing (reverse repo) rates have been reduced by 25 basis points.

April 20th, 2009 MUMBAI - The Reserve Bank of India (RBI) will present the annual review of its monetary policy here Tuesday, even as stakeholders saw the central bank leaving key rates untouched and an overall status quo on the measures. RBI Governor D.

April 11th, 2009 MUMBAI - The State Bank of India has slashed interest rates for new small and medium enterprise loans besides announcing several measures to improve credit flows to the segment. India's bigger lender cut the lending rates for new SME loans up to 5 lakh rupees to eight per cent, and 10 percent for loans upto 5-25 lakhs.

April 8th, 2009 MUMBAI - Concerned over the rising non-performing assets (NPA) and high cost of deposits, India's bankers Wednesday told the Reserve Bank of India (RBI) that there was not much room for lending rates to go down. 'If there is a sharper downturn, it can further impact the asset quality.

March 27th, 2009 NEW DELHI - The state-owned Punjab National Bank (PNB) feels it would be difficult to lower lending rates any further if the government did not slash interest rates on existing deposits. 'The Reserve Bank of India (RBI) is not reducing interest on savings bank deposits.

January 26th, 2009 MUMBAI - India's central bank decided to maintain status quo on key rates and lowered the country's growth target for this fiscal to seven percent as it presented the third quarter review of its monetary policy here Tuesday. The benchmark bank rate, the repurchase rate, the reverse repurchase rate, the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR) were all kept unchanged by Reserve Bank of India (RBI) Governor D.

January 26th, 2009 NEW DELHI - India Inc. Tuesday expressed disappointment over the central bank's decision to maintain status quo on key rates, and said the Industry needed cash at 'relaxed' interest rates.

January 26th, 2009 MUMBAI - Indian shares continued to rule in the positive territory Tuesday, even after the central bank conducted its monetary policy review at 11:15 a.m. where it left all key rates unchanged.

January 12th, 2009 KOLKATA - West Bengal would review bus and taxi fares when the central government reduces fuel prices, Transport Minister Sunbhas Chakraborty said here Tuesday. 'The government of India has not issued any notification so far.