The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.
Banks' FD Rates: The Reserve Bank of India (RBI) kept the repo rate at 5.25% in its monetary policy meeting, so banks are unlikely to reduce their fixed deposit FD) interest rates anytime soon. Banks ...
In a significant shift in its monetary policy stance, the Reserve Bank of India (RBI) on Friday lowered the policy repo rate by 25 basis points to 5.25%, marking its fourth rate reduction this year.
Bank of India reduced Repo Based Lending Rate (RBLR) to 8.10 per cent from 8.35 per cent effective Friday, Bank of India said in a regulatory filing.