Tag: state bank of india

SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.
Posted in Business

SBI cuts loan interest rate by 25 bps on this short-term tenure: Check latest lending rates

Oct 15, 2024 02:08 PM IST The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October…

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India rate cuts seen delayed to 2025 after Sept inflation spike, say economists
Posted in Economy

India rate cuts seen delayed to 2025 after Sept inflation spike, say economists

A sharp jump in India’s retail inflation for September has prompted several economists to push back domestic rate cut bets to the first-half of 2025…

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The report raises the intriguing possibility that the RBI might be laying the groundwork for a rate cut, despite the strong momentum in economic growth.
Posted in Business

Rate cut with 7% of growth never happened in India or globally: SBI

After the Reserve Bank of India projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by…

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repo rate: RBI MPC October meet: Status quo likely with future easing on the horizon
Posted in Economy

repo rate: RBI MPC October meet: Status quo likely with future easing on the horizon

Amid India’s robust economic performance, all eyes are on the Reserve Bank of India (RBI) ahead of its upcoming monetary policy meeting scheduled for October…

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RBI unlikely to cut interest rate in 2024: SBI chief Setty
Posted in Economy

RBI unlikely to cut interest rate in 2024: SBI chief Setty

New Delhi, The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India…

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Inflation: India handled inflation much better than US, Germany and France: SBI Report
Posted in Economy

Inflation: India handled inflation much better than US, Germany and France: SBI Report

India has demonstrated a largely successful inflation targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report…

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Faridabad toll plaza with FASTag lanes demarcated at Badarpur border, December 13, 2019. (Vipin Kumar /HT)
Posted in Business

New FASTag design launched to crack down on large vehicles using smaller vehicle tags to pay less toll

State Bank of India (SBI) has launched a new FASTag design to crack down on smaller vehicle tags being used on larger vehicles to reduce…

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With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc
Posted in Economy

With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1)…

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India's SBI to focus on small deposits to boost liquidity, MD says
Posted in Business

India’s SBI to focus on small deposits to boost liquidity, MD says

Aug 28, 2024 05:28 PM IST STATE BANK INDIA-DEPOSITS/ (PIX):India’s SBI to focus on small deposits to boost liquidity, MD says By Siddhi Nayak India’s…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

fintech: Maharashtra minister announces red carpet for MSMEs, startups

Maharashtra minister for industries Uday Samant promised to roll out red carpet for projects of small and medium businesses and startups at par with ultra…

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