CRR rise invokes mixed reactions, bankers see no rate
The Reserve Bank of India’s decision to raise the cash reserve ratio (CRR) by an unexpected 75 basis points to 5.75 percent has invoked mixed reactions among the country’s leading bankers and industrialists.

RBI hikes CRR, leaves rates untouched
RBI on Friday raised CRR by 75 basis points to suck out the excess liquidity from the financial system.

No immediate pressure on interest rates: HSBC
HSBC has said there`s no immediate pressure on lending rates even if Reserve Bank squeezes money supply to contain inflationary expectations.

Bankers hint at RBI tightening stance; warn of rising NPAs
Two leading bankers on Monday hinted at RBI tightening its monetary stance, which may lead to an increase in interest rates, and warned of rising loan defaults in the short-term.

Interest rates may go up: Bhatt
SBI Chairman O P Bhatt on Monday hinted at an increase in interest rates and further said loan defaults would continue to rise, particularly in the SME sector, for the next six months.

PNB revises interest rates on non-resident deposits
The country’s second largest public sector lender, Punjab National Bank, has revised interest rates on Foreign Currency Non-Resident deposit schemes effective from January 1.

Rate talk swirls around RBI, Fin Min meet
A meeting of India`s central bank Governor Duvvuri Subbarao with Finance Minister Pranab Mukherjee fuelled speculation on Friday that the bank may tighten monetary policy earlier than expected to stem rising prices.

US Fed Reserve keeps interest rates near zero
The US Federal Reserve Wednesday kept interest rates at their historic low of near 0 percent and noted signs that the world`s largest economy is recovering from recession.

European Central Bank leaves key interest rates unchanged
The European Central Bank today retained the benchmark rates, continuing with its low interest rate regime to boost the region`s economic recovery.

PNB cuts interest rates on most NRI deposits
State-owned lender PNB has slashed interest rates on most NRI deposits of foreign currency denominations.