Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal
The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount
In our view, the MPC is likely to deliver a 50 bps increase in the repo rate (currently at 4.9 per cent), for both global and domestic reasons
MPC may front-load rate hikes to tame inflation, say economists
Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc
The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy
Either inflation has to come down on its own or we will have to raise the rate, or it will be a combination of the two, says MPC member Varma
The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty
Says monetary policy decisions by central banks around the world aimed at their own constituencies. But since inflation is the biggest policy issue right now, it seemed coordinated
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
Higher mortgage rates will have a lower impact on the Indian housing market than in the US market, said Kotak Institutional Equities (KIE)
Much less raised than the indicated Rs 16,800 crore
ICICI, BoB take the lead; Kotak Bank ups deposit rates
Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount
During the gradual transition to a neutral stance, maybe over the next couple of months, liquidity management will play an important role in transitioning the WACR closer to the repo rate
The repo rate before the pandemic came was 5.15%
Risks for growth and asset prices have increased
The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming