The Reserve Bank of India (RBI) has cut repo rates by 150 basis points (bps) in the past 14 months, including a 25-bp cut on Tuesday. However, borrowers are yet to get substantial benefit from banks. The transmission, at best, has been 50-60 bps. But, things could change now for several reasons.

“Introduction of the marginal cost of funds-based lending rate (MCLR) and the recent cut in small savings rate, along with a likely improvement in liquidity (as well as more open market operations), should improve monetary transmission. The MCLR has already led to an effective decline in fresh lending rates by 25 bps, even before Tuesday’s rate cut.

It’s been six months since Reserve Bank of India (RBI) governor Raghuram Rajan reduced repo rate by 50 basis points to 6.75 per cent on September 29. The consensus view now is for 25 basis points cut by the central bank in the upcoming monetary policy scheduled on April 5. The government has also recently pared small savings interest rate by up to 1.3 per cent providing cushion to the Reserve Bank for cutting the policy rate.

Repo rate is the rate at which the central bank lends money to commercial banks in the event of any shortfall of funds.

The All India Anna Dravida Munnetra Kazhagam (AIADMK) on Monday announced the list of candidates for the upcoming Tamil Nadu assembly elections.

AIADMK will contest in 227 constituencies and the alliance partner will be allocated 7 seats. Chief Minister J Jayalalithaa will contest from RK Nagar.

Private sector lender Yes Bank today said it has raised Rs 545 crore by issuing Basel-III complaint tier-II bonds.

"The Bank has successfully raised Rs 545 crore from Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016," Yes Bank said in a regulatory filing.

Shares of DLF, Indiabulls group firms and Apollo Tyres Monday plunged by up to 4% on reports of leaked documents naming their promoters having associations with firms in tax havens.

Shares of Apollo Tyres declined by as much as 3.01% to a low of Rs 169.15 on the BSE.

What do Bollywood superstars Amitabh Bachchan and Aishwarya Rai Bachchan, DLF owner K P Singh and Gautam Adani’s elder brother Vinod Adani have in common?

According to a report in The Indian Express on Monday, these names, among 500 others, figure on a Panama law firm's list of Indians who have setup offshore companies in tax havens through the firm's services.

Shares of Infosys have moved higher to its record high of Rs 1,237 on the National Stock Exchange (NSE) in noon deals today ahead of theJanuary-March (Q4) quarter results next week.

The information technology (IT) company is scheduled to announce the financial results for the quarter and year ended March 31, 2016 on April 15, 2016.

Virat Kohli-backed fitness start-up Chisel is all set to introduce technology enabled workout routines, targeting young IT workers as it expands its network of fitness centres across India and introduces workout routines devised specifically for their lifestyles.

With an aim to having 100 centres across the country by 2018, the Bengaluru-based start-up is mulling the idea of launching its own fitness devices and will introduce gamified fitness routines.

Mahindra & Mahindra, country's largest utility vehicle manufacturer, today launched the Nuvosport, a multi-seater UV which is a redesigned Quanto. The vehicle is priced at Rs 7.35 lakh (ex-showroom, Thane).

The vehicle is less than 4 meters in length and will compete against Maruti Suzuki Vitara Brezza, Ford EcoSport, Mahindra TUV300 and KUV100.

Shares of ITC were down 1.7% at Rs 330 on the Bombay Stock Exchange after the company announced the closure of its cigarette factories with effect from April 1, 2016 until clarity emerges in the current uncertain state of the rules on health warning.

In mid October 2014 the Ministry of Health and Family Welfare in a notification said that the health warnings should occupy 85% of the front and back panels of the cigarette package. The effective date of this new warning was notified as April 1, 2015, the company said in a release.

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