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Wednesday, Apr 22, 2009
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 Money & Banking - Credit Policy
Signal for banks to cut lending rates: Chawla

New Delhi: The Reserve Bank of India has given a definitive signal to banks to further reduce their lending rates, according to the Economic Affairs Secretary, Mr Ashok Chawla.

Reacting to the RBI’s monetary policy announcement, Mr Chawla told reporters here that the central bank has reiterated that there was scope for further softening of interest rates. — Our Bureau

More Stories on : Credit Policy | Interest Rates | CRR & Bank Rates

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Stories in this Section
More of a stop-gap policy

Rupee ends lower in choppy trade
‘No prior approval needed to set up offsite ATMs’
Symbolic cuts
Signal for banks to cut lending rates: Chawla
Tight financing impacting 2-wheeler sales: Honda CEO
Opening up banking sector for foreign players deferred
‘A signal to banks to lower prime lending rates’
Kannur to get KSIDC growth centre
Banks to give more on SB accounts
ICICI Bank cuts lending, deposit rates
Bond markets rally
Reinforcing the pro-growth stance
Giving a leg up to economic growth
A balancing act
Measured easing
Proactive approach
Maintaining a low interest rate regime
‘RBI’s stance on foreign banks reasonable’
‘Assurance on govt borrowing programme comforting’
Guidelines soon on pre-paid payment instruments
Changes in BPLR system on the cards
RBI eases FCCB buyback norms further
RBI cuts repo rates
Quick on its feet
Why the banks won’t lend even if they lower interest rates
Call rates a tad lower
Minimum lock-in period for securitising loans proposed
‘We want to send definitive policy signals to lower lending rates’
‘All banks are Basel-II compliant’


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