RBI has cut the repo rate by 250 basis points to 4% between February 2019 and last Friday, but this has not translated into banks cutting the interest rates on their loans The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points to 4% between February 2019 and last Friday, but this has not translated into banks cutting the interest rates on their loans.

Will things be different this time? Mint weighs the possibility. What has driven RBI to reduce the repo rate? The aim behind reducing the repo rate—the rate at which RBI lends to banks—is to encourage banks to cut their lending rates.

At lower interest rates people will borrow and spend more, and businesses will borrow and expand more. Over and above this, people who have

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British Airways workers told to accept pay cuts of up to 60% or face the sack

Thousands of long-standing British Airways workers have been told to sign "devastating" new contracts or face redundancy, Mirror Money can reveal.

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South Lanarkshire makes changes to school arrangements for key workers' kids

Schooling arrangements for children of key workers are set to change from next week in South Lanarkshire.

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Man Utd ‘need new personnel’ as Liverpool legend backs Kai Havertz transfer

Liverpool legend Dietmar Hamann reckons Kai Havertz would ‘improve any Premier League team’ but Manchester United are most in need of ‘new personnel’.

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BBC Radio 1 Ups Aled Haydn Jones to Head of Station

Aled Haydn Jones has been promoted to lead one of the BBC’s flagship music-based stations, Radio 1. Haydn Jones was most recently head of programmes at the station, which draws roughly 10 million listeners, and he was behind this year’s pandemic-prompted Big Weekend UK 2020, which prompted 50-plus new live sets via artists from their homes.

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Coronavirus: Rogers Centre to be used as temporary facility to help Food Banks Canada

TORONTO – Rogers Centre, the home of the Toronto Blue Jays, is going to be temporarily converted into a giant food bank facility.

Canada county Banks county Centre county Rogers covid-19 food banks canada Coronavirus

India's Covid-19 recovery rate improves to 48.19%

India's recovery rate is progressively increasing and has reached 48.19% amongst Covid-19 patients, said Union Ministry of Health and Family Welfare on Monday. The recovery rate on 18 May was 38.29%, on 3 May it was 26.59% and on 15 April it was 11.42%.

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George Floyd - John Harrington - George Floyd protests: Tanker truck drives towards thousands of protesters at high rate of speed on bridge in Minneapolis - globalnews.ca - state Minnesota - city Minneapolis

George Floyd protests: Tanker truck drives towards thousands of protesters at high rate of speed on bridge in Minneapolis

WARNING: Video contains disturbing images, discretion is advised. The Minnesota Department of Public Safety says a tanker truck driver is in custody after speeding through marchers protesting the death of George Floyd on the Interstate 35W Bridge in Minneapolis Sunday.

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Woman left terrified after 'skeleton' masked man cuts off part of her finger with machete

A mum had part of her finger chopped off in a botched machete attack in her family home in Bishopbriggs.

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Axis Bank cuts savings account interest rate to 3%

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Lorraine Kelly begs Piers Morgan to send cutting message to Donald Trump amid US riots

Good Morning Britain erupted into chaos this morning as Piers Morgan and Lorraine Kelly discussed the error of Donald Trump's ways.

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Reese Witherspoon and husband Jim Toth take son Tennessee, 7, on a bike ride in Malibu

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Peter Haring fires Hearts rallying cry as key man makes relegation pledge

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AP source: MLB players offer 114-game season, no more pay cuts

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2020 Watch: Will Tuesday clinch the nomination for Biden?

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Rural unemployment rate falls to 17.92%, lowest since lockdown

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Riot Games reveals new ‘Valorant’ agent, Reyna

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Piers Morgan and Susanna Reid mock 'liar' Dominic Cummings in savage rant on GMB

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Boris Johnson Susanna Reid Piers Morgan Dominic Cummings Britain city London county Durham Government symptoms GMB Coronavirus

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Salford Royal reports no new Covid-19 deaths for 4th day running as infection rate also shows signs of slowing

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Deadly police raid fuels call to end 'no knock' warrants

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Covid-19 ends retail loan boom for India’s banks

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India city Mumbai covid-19 pandemic economy quarantine

Chris Evans: Virgin Radio host delays sending son back to school 'Not going to happen'

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Chris Evans testing Government Coronavirus

Reese Witherspoon enjoys a bike ride around Malibu with husband Jim Toth and son Tennessee, seven

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Three key battles that could decide Manchester United vs Tottenham in Premier League restart opener

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MLS players agree to salary cuts, possible tournament

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Infosys sees marginal impact on profits amid covid-19; CEO salary at $6.15 mn in FY20

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Emma Roberts cuts casual chic look in pink sweater for coffee run in LA during break from quarantine

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Global calls for unity as U.S. cuts ties with WHO

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Protestors force shut down of State Road 408, troopers say

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Meet the dinosaur hitching a ride to space with U.S. astronauts

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Deposits key to banks’ marginal lending rate cuts

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