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Savers & depositors, brace for a cut in deposit rates

April 10, 2025 2:22 pm

The weighted average domestic term deposit rates (WADTDRs) on fresh and outstanding deposits increased by 253 bps and 199 bps, respectively, during the recent tightening cycle, i.e., May 2022 to January 2025.

Pressuring the RBI to lower the interest rate isn’t going to solve the problem

December 12, 2024 12:06 pm

While the government appears to be concerned about stagnant growth rates, it would be wrong to assume that the central bank can lead the change by implementing a supply-side solution to a demand-side problem

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Why RBI isn’t cutting interest rates

December 07, 2024 11:09 am

Inflation remains a concern for the Indian economy but fiscal policy mitigating supply risks can aid the RBI in balancing it with growth objectives

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Government and RBI disagree on interest rates. Neither is wrong

November 22, 2024 10:49 pm

The RBI's monetary policy committee may be able to cut rates by February, if not earlier. The government, on its part, would do well to adhere to the rules of fiscal prudence

Cost of borrowing very stressful, banks need to make interest rates affordable: FM

November 18, 2024 6:14 pm

Speaking at the annual business and economic conclave organised by SBI, the minister also asked banks to concentrate on their core function of giving loans.

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On interest rates, why RBI decided to err on the side of caution

June 07, 2024 11:53 pm

High inflation, especially food price inflation, has been a crucial concern among voters in the just-concluded elections. Given the all-round uncertainty, RBI decided to maintain status quo

Flows into NRI deposits double to $6.1 billion in April-October period

December 25, 2023 12:08 am

Fresh inflows under various non-resident deposit schemes doubled to $6.1 billion in April-October 2023 from $3.05 billion in the same period of the last year, a recent Reserve Bank of India (RBI) data showed.

Swiss central bank raises rates again, signals may need to do more

June 22, 2023 3:19 pm

The increase, in line with forecasts in a Reuters poll, meant Swiss interest rates were now at their highest level since April 2002.

PNB hikes fixed deposit rates by up to 30 bps. Check latest FD interest rates here

February 20, 2023 4:02 pm

PNB fixed deposit rate hike: The highest rate offered to regular citizens is 7.25 per cent for deposits maturing in 666 days.

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One-three year deposits see at least 1% interest rate hike

December 31, 2022 2:10 pm

Typically, the small-saving rates are linked to yields on benchmark government bonds, but despite the movement in G-sec yields, the interest rate changes have not strictly matched the yield movements over the last two years.