Major factors that affect personal loan interest rates

Govt hikes interest rates of post office savings schemes, PPF and Sukanya Samriddhi rates unchanged

Senior Citizen Savings scheme will earn 40 basis points more at 8 per cent during the January-March period, the notification said.

Post pandemic pent-up demand surge, realty space may face global headwinds in 2023

Fundamentally, the market is much more mature and stable than it was prior to the pandemic, he told PTI.

Give loans at lower rates to those wanting to buy clean energy vehicles: Gadkari to banks

All buses in cities like Thane, Kalyan can be converted into electric ones, which will help reduce ticket prices for passengers by as much as 30 per cent, Gadkari added. 

What could happen to your money in 2023

In financial writing, ‘year enders’ mean you turn to forecast. While everyone reviews the year gone by, financial markets look forward to what lies ahead.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.