Millennium Post

RBI likely to hold interest rate on Wednesday

5 Jun 2017 11:39 AM GMT
The Reserve Bank of India (RBI) is expected to keep interest rates unchanged in its second bi-monthly policy review scheduled for Wednesday, despite...

Banks looking for lower savings account interest rates

28 March 2017 9:12 AM GMT
According to the report, a 50 basis point cut in savings rate would result in around 8 per cent improvement in the sector's core pre-provision operating profits.

Industrial production slows to 2.4% in May

13 July 2012 12:19 AM GMT
Industrial production growth rate slowed to 2.4 per cent in May 2012 due to contraction in capital goods and mining output, coupled with poor show by...

BoE unveils GBP 50 bn stimulus

6 July 2012 12:39 AM GMT
Continuing efforts to prop up their sagging economies, European and Chinese central banks slashed interest rates while the Bank of England [BoE]...

RBI keeps interest rates unchanged

19 Jun 2012 11:46 PM GMT
The Reserve Bank of India [RBI] on Monday kept interest rates unchanged giving priority to checking inflation over growth, disappointing India Inc and...

Deepening macroeconomic concerns

19 Jun 2012 3:17 AM GMT
Contrary to expectations among sections of business for a rate cut to kick-start growth, the Reserve Bank of India (RBI) on 18 June left the key...

RBI expected to cut key rates

18 Jun 2012 1:53 AM GMT
In a bid to spur growth and boost consumer sentiment, the Reserve Bank of India is expected to cut key lending rates by 25-50 basis points in its...

RBI’s Gokarn hints at rate cuts

5 Jun 2012 2:22 AM GMT
With the economic growth slipping to nine-year low levels, the Reserve Bank of India’s  [RBI] deputy governor on Monday said below trend growth and...
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