interest rates

Loans to get cheaper! SBI cuts lending rates by 5 basis points

The bank also revised its interest rates on term deposits on account of adequate liquidity in the system.

published on : 8th November 2019

SBI cuts interest rates on savings deposits to 3.25 per cent from November 1

This is the sixth cut in MCLR in FY 2019-20 and it comes days after the Reserve Bank of India (RBI) lowered the repo rate by 25 basis points.

published on : 9th October 2019

Term deposit growth sinks to 4.7 per cent in FY18, says RBI

Worryingly, with banks reducing rates, FY19 and FY20 deposit growth will likely see fresh lows, according to experts.

published on : 18th September 2019

Ahead of festivals, SBI lowers lending rates by 0.1 per cent for 5th time since April

With this lending rate reduction, the bank has lowered 40 bps so far this fiscal year in five successive rate cuts beginning April.

published on : 9th September 2019

Linking of interest rate with external benchmark likely

RBI Governor Shaktikanta Das has given enough hints that linking of interest rates to an external benchmark is likely to happen.  

published on : 21st August 2019

Small savings schemes still an attractive proposition

The revised rates are in contrast to bank deposit rates, which are already lower than post office term deposits or national savings certificates, that are expected to reduce in the coming months.

published on : 1st July 2019

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