Interest Rate
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US Federal Reserve indicates three interest rate cuts in 2024 | How it impacted Indian stock market?
Business | Mar 21, 2024, 01:03 PM ISTThe projections shared by the US Federal Reserve indicated the continuation of strong economic growth despite inflation remaining 'inflated'. This step caused global stocks to rally on Thursday, while the Indian rupee showed gains of 14 paise in the morning.
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Interest rate on small savings scheme to remain unchanged for Q1 in FY 24-25
Business | Mar 08, 2024, 07:15 PM ISTThe deposit under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent.
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What are factors which determine low interest rates for personal loans
Business | Feb 14, 2024, 12:24 PM ISTSecuring a personal loan at favourable interest rates requires an understanding of several.
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Interest rates to keep falling but last mile 'very very tricky', says IMF Chief Kristalina Georgieva
Business | Jan 18, 2024, 04:24 PM 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 | Sep 29, 2023, 06:18 PM 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 | Sep 24, 2023, 11:46 PM 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 | Sep 05, 2023, 07:16 PM 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 | Jun 22, 2023, 07:49 PM 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 | Apr 13, 2023, 12:35 PM 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 | Apr 03, 2023, 01:14 PM 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 | Mar 01, 2023, 06:28 PM 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 | Feb 16, 2023, 11:59 AM 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 | Sep 29, 2022, 06:48 PM 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 | Jun 16, 2022, 12:11 AM 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 | Jun 07, 2022, 08:45 PM 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, 07:13 PM 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, 09:39 PM 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
Personal Finance | Mar 31, 2022, 06:27 PM 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 | Aug 01, 2021, 03:35 PM 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 | Mar 31, 2021, 11:37 PM 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.