RBI keeps repo rate unchanged at 7.5%; CRR maintained at 4%

RBI keeps repo rate unchanged at 7.5%; CRR maintained at 4% 

Reference:http://economictimes.indiatimes.com/news/economy/policy/rbi-keeps-repo-rate-unchanged-at-7-5-crr-maintained-at-4/articleshow/46833504.cms

SBI, HDFC Bank take lead in cutting base lending rates to 9.85% 

After a long gap since RBI started reducing the repo rate, the two frontline banks, SBI and HDFC have reduced lending rates. this shows that, everything which was on the papers till now, will eventually come into reality. Not to forget, the RBI has reduced the repo rate twice, 25 basis points each in the past, from which just 15 basis points have been utilized now by SBI and HDFC. there is another 35 basis points to go.
 Lower lending rates will spark up investments.

Hope we have a good time in the days ahead.

Reference:http://economictimes.indiatimes.com/industry/banking/finance/finance/sbi-hdfc-bank-take-lead-in-cutting-base-lending-rates-to-9-85/articleshow/46839314.cms