Interest rates

Rising interest rates will help Indian banks post healthy profits in FY23: S&P

With deposit growth lagging in credit growth, the interest rates on term deposits will go up which may result in the movement of funds from savings accounts to fixed deposits, the report said.

published on : 19th November 2022

RBI may raise rates by 35-50 bps in next MPC meet, say experts

Retail inflation in India had touched 7 per cent in August as against 6.7 per cent in July due to rise in food prices.

published on : 27th September 2022

Inflation, rate hike won't knock out Indian Inc: Report

"Banks will not be immune, but we expect that in the stress scenario NPLs could rise modestly," the report added.

published on : 26th August 2022

Rising interest rates, inflation to affect affordable housing finance companies' growth: Report 

The agency further said it expects the housing finance sector to grow at 13 per cent y-o-y in FY23, with affordable housing finance witnessing a growth of 16-18 per cent.

published on : 14th July 2022

Consumer price-based inflation eases to 7.01% in June, still below comfort level 

According to the government data, core inflation plunged to 5.95%, less than 6% after a lag of three months.

published on : 13th July 2022

Fitch expects RBI to raise interest rates to 5.9 per cent by December-end

The RBI has forecast inflation to be 6.7 per cent by the end of current fiscal. The retail inflation for May came in at 7.04 per cent.

published on : 14th June 2022

Bitcoin plunges to eighteen-month low on Monday

Also, this is the lowest in the past 18 months. The cryptocurrency market capitalisation too plunged below $1 trillion, the lowest since January 2021.

published on : 14th June 2022

Auto, home and personal loans become expensive with banks raising interest rates

In its June 8 second bi-monthly monetary policy meeting review for FY23, RBI raised the benchmark repo rate by 50 basis points to 4.90 per cent with immediate effect.

published on : 10th June 2022

EMIs set to rise further as RBI increases lending rate

Raises its inflation forecast to 6.7% by the end of this financial year; Analysts see more future hikes by central bank to achieve its target

published on : 9th June 2022

SBI hikes interest rates on bulk term deposits by 40-90 basis points 

The public sector lender also revised the interest rate on bulk term deposits maturing between 180 and 210 days by 40 basis points to 3.50 per cent, as against 3.10 per cent earlier.

published on : 10th May 2022

Sundaram Finance to revise interest rates 

The interest rates would be 5.90 per cent as against 5.65 per cent on two year deposits and 6.05 per cent as against 5.80 per cent on three year deposits.

published on : 4th May 2022

Sanctions hit Russian economy, although Putin says otherwise

As the West moved to cut off Russia’s access to its foreign reserves, limit imports of key technologies and take restrictive actions, the Kremlin launched some drastic measures to protect the economy.

published on : 24th April 2022

Land interest rates reduced to 4 per cent: KT Rama Rao

Earlier, Rama Rao inspected the arrangements for the installation of a 125-foot-tall statue of Dr BR Ambedkar at PVNR Marg.

published on : 14th April 2022

Interest rates on small savings schemes unchanged for first quarter of FY23

Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively.

published on : 31st March 2022

Centre raises interest rates on PPF by up to 0.4 per cent

The interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively.

published on : 20th September 2018

After SBI, PNB hikes lending rates from 8.15 to 8.30 per cent

The Punjab National Bank (PNB) on Thursday increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 15 bps, with immediate effect.

published on : 1st March 2018

Small depositors hit across nation as banks slash savings rate

At a time when banks are flooded with surplus liquidity, margins get squeezed and credit growth continues plunging, more banks are likely to slash interest rates on savings bank accounts.

published on : 6th August 2017

SBI cuts down interest rates for Savings Bank Deposits below Rs 1 crore, introduces two-tier system

The country's largest lending bank cut down its interest rate by 0.5 per cent for Savings Bank Deposits below Rs 1 crore, introducing a two-tier structure of interest rates for Savings Deposits.

published on : 31st July 2017