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Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait | German Christmas market car attack leaves 2 dead, Saudi Arabian doctor arrested | India, France come together to build world's largest museum in Delhi's Raisina Hill | Canada, US presented no evidence of Indians' involvement in purported criminal acts: Centre informs Parliament amid 'serious allegations' | Delhi Police Crime Branch to investigate FIR against Rahul Gandhi over Parliament tussle
RBI cuts lending rate by 0.25%, banks and corporates react positively

RBI cuts lending rate by 0.25%, banks and corporates react positively

Feb 07, 2019, at 05:19 pm

New Delhi, Feb 7 (IBNS): The Reserve Bank of India (RBI) on Thursday cut repo rate- the rate at which the central bank  lends money to commercial banks- by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect, evoking some positive responses from the corporate sector.