bank interest rate

BANK INTEREST RATE NEWS

Interest rates likely to remain low for long haul, says RBI Governor Sanjay Malhotra

December 17, 2025 4:24 pm

RBI Governor Sanjay Malhotra said the rate cuts carried out during his tenure had helped engineer a “Goldilocks phase” of brisk growth with low inflation.

Why RBI has advised banks to refund borrowers for overcharging on interest

April 30, 2024 5:15 pm

In the case of repayment of loans during a month, some banks were charging interest for the entire month, rather than only for the period for which the loan was outstanding. RBI recently found banks following several other unfair practices.

Bank deposits of 1-3 years a hit due to interest rate hikes

June 13, 2023 12:57 am

Within the household sector, individuals accounted for 52.8 per cent share in total deposits. More than a half of households’ deposits during 2022-23 came from five states, namely, Maharashtra, Uttar Pradesh, NCT of Delhi, Karnataka and West Bengal.

Sri Lanka doubles interest rates to tame inflation; stabilise economy

April 08, 2022 9:32 pm

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply.

HDFC Bank cuts MCLR by 5 bps

June 10, 2020 4:30 pm

HDFC Bank said its overnight MCLR stands reduced to 7.30 per cent, while one-month MCLR is 7.35 per cent.

SBI cuts external benchmark-based rate by 25 bps

December 30, 2019 12:00 pm

The new rates will be applicable from January 1, 2020, State Bank of India (SBI) said in a statement.

Disclose more information on rates and fees to customers: RBI to banks

January 23, 2015 2:47 am

These measures will come into force with effect from April 1, 2015.

Banks 2011: rates spike,people moan

December 29, 2011 11:47 am

However,loan takers can look forward to better days as interest rates,are poised to moderate.

'Freed savings rate bad for big banks'

October 25, 2011 4:09 pm

Savings bank deposit interest rate deregulation is potentially negative for some larger banks: Deutsche.

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