Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
Sat, Oct 19, 2019 | Last Updated 12:28 am IST

Menu &Sections

Search

MPC has cut repo rate by 25 bps to 5.75 percent

MPC has cut repo rate by 25 bps to 5.75 percent
MPC has cut repo rate by 25 bps to 5.75 percent
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Rajnish Kumar, Chairman, SBI said, "The RBI policy decision to change the policy stance to “ accommodative” will simultaneously help the financial system to navigate to a lower term structure of interest rates and also accommodate growth concerns. On the regulatory front, the decision to lower the Basel III Leverage Ratio will augment the lendable resources of the Banks. Also the move to scrap transaction charges for RTGS & NEFT will boost digital transactions. The decision to issue draft for 'on-tap' licensing of small finance banks will add depth to this sector.

MPC has cut repo rate by 25 bps to 5.75 percent

Launching of the on-line trading platform for retail participants is a positive development for small & medium forex customers. The RBI intent to harmonize existing regulations for different money market products augurs well for market transparency.”

 

Industry bodies have also welcomed the 25 bps rate cut by the MPC. Sandip Somany, President, FICCI said that they hope that this third consecutive rate cut in repo rate will lead to effective transmission, encouraging banks to lower their lending rates for both retail and corporate credit.

 


MPC has cut repo rate by 25 bps to 5.75 percent
5/ 5 - (1 votes)
Add To Favourite
More from author
BJP confident in winning Maharashtra Assembly Elections with full majority
BJP made scrapping of Article 370 its main talking point in assembly elections in Haryana & Maharashtra
World Champion PV Sindhu struggled to buck the trend of Denmark Open in second round
PMC Bank came under RBI scanner
Kerala Cops searches Jolly's friend seen in many photos
Northeast Monsoon intensified in Tamilnadu
Will AP Secretaries stop Fake News?
Telangana's new Liquor Policy received 41,000 applications
Sourav Ganguly hopes to bring the BCCI system 'back in order'
AIADMK announced candidates for Assembly by-polls
Mira Erda a talented racer
Nirav Modi remanded to Prison until November 11
Researchers invented a new technique in genomics to track down causes of rare genetic diseases
Kamala Harris asked Twitter to suspend Trump's account for attacking lawmakers
Hollywood star Kristen Bell has credited exercising for helping her feel physically and mentally "strong"
Rajnath Singh hit back at Congress against human rights violations
UNICEF says many Kids are undernourished or overweight
UNICEF says many Kids are undernourished or overweight
African Mona Lisa painting fetched pre-auction estimate of £1.1 million
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional