Interest Rate
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Interest rates to keep falling but last mile 'very very tricky', says IMF Chief Kristalina Georgieva
Business | January 18, 2024 16:24 ISTThe IMF chief said that some countries have successfully managed inflation and can afford accommodative monetary policies.
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Government raises interest rate on five-year recurring deposit scheme to 6.7 pc for December quarter
Business | September 29, 2023 18:18 ISTIn a significant development, the government on Friday, retained the rates for all other small savings schemes while raising the interest rate on five-year recurring deposit schemes to 6.7 per cent.
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RBI likely to keep interest rate unchanged as inflation still high: Experts
Business | September 24, 2023 23:46 ISTThe Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023.
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Interest Rate On Fixed Deposit
News | September 05, 2023 19:16 ISTInterest Rate On Fixed Deposit | These banks are giving the highest interest on FD
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Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor
Business | June 22, 2023 19:49 ISTFor the second time in a row, the RBI decided unanimously to maintain the repo rate at 6.5%. The interest rate at which the RBI lends to other banks is known as the repo rate.
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RBI to stop banks from capitalising penal charges on bank loans defaults
Business | April 13, 2023 12:35 ISTReserve Bank of India (RBI) issued preliminary regulations proposing to prohibit the capitalisation of penal charges and additional interest levied by banks on customers for loan defaults, in an effort to standardise different lending practises.
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Oil prices jump nearly 6% after OPEC+ output cuts
Business | April 03, 2023 13:14 ISTThe OPEC+ cartel’s decision fueled fears of another price increase, putting pressure on central banks to raise interest rates.
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SBI, HDFC, ICICI increase recurring deposit interest rates - check new rates
Business | March 01, 2023 18:28 ISTRecurring deposits are similar to fixed deposits in that they have a maturity date at which the principal is refunded and you may decide whether to receive interest payments in instalments or all at once.
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SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
Business | February 16, 2023 11:59 ISTState Bank of India (SBI) has increased its fixed deposit (FD) interest rates, with effect from February 15, 2023. SBI customers can earn up to 7% on their deposits, while senior citizens can earn up to 7.5%.
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Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3
Business | September 29, 2022 18:48 ISTWith the revision, a three-year time deposit with post offices would earn 5.8 percent from the existing 5.5 percent, an increase of 30 basis points for the third quarter of the current financial year.
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US Fed Reserve raises interest rates by 75 bps to tame inflation; biggest hike since 1994
Business | June 16, 2022 0:11 ISTThe move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
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RBI likely to raise interest rate tomorrow
Business | June 07, 2022 20:45 ISTThe Consumer Price Index (CPI) based inflation, which RBI factors in while arriving at its monetary policy, is on the rise since October 2021.
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SBI hikes interest rates on bulk term deposits by 40-90 basis points
Business | May 10, 2022 19:13 ISTThe revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said.
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RBI wants smooth policy measures; prefers smaller rate hikes: Source
Business | May 05, 2022 21:39 ISTOn what changed since April 8 -- when the last scheduled policy meet decided to maintain status quo -- and May 4, the source said the inflation print at near 7 per cent for March came way above RBI's expectations, and the momentum is likely to continue in April as well.
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Interest rates on small savings schemes unchanged for first quarter of FY23
March 31, 2022 18:27 ISTPublic 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, in the first quarter.
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RBI likely to maintain status quo on interest rate
Business | August 01, 2021 15:35 ISTAmid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy.
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Govt cuts interest rates on small savings schemes, to be effective from April 1. Details
India | March 31, 2021 23:37 ISTThe government on Wednesday reduced interest rates on small savings including PPF, one-year time deposit, senior citizen savings schemes. The changes will be effective from April 1, 2021.
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Kotak Mahindra cuts interest rate on home loans by 10 bps
Business | October 22, 2020 23:07 ISTKotak Mahindra Bank (Kotak) on Thursday announced that it has reduced its rate on home loans by a further 10 basis points (bps) to 6.9 per cent per annum.
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Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA
Business | June 17, 2020 13:23 ISTInterest rate waivers for bank loans during moratorium will harm the depositors, the All India Bank Depositors' Association (AIBDA) has said adding that interest waiver of any kind will dent the credit culture and also impact the financial health of banks.
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As interest rates decline, govt withdraws 7.75% taxable savings bonds scheme from today. Details her
Business | May 28, 2020 12:04 ISTThe government has decided to withdraw 7.75 per cent Savings (Taxable) Bonds scheme from the close of banking business on Thursday due to declining interest rates.
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