April 30, 2019 9:04 pm
On savings accounts with deposits above Rs 1 lakh, SBI will be providing interest rate to customers that is 275 basis points lower than the Reserve Bank of India's repo rate, resulting in effective rate of 3.25 per cent per annum as against the 3.5 per cent rate prevalent currently.
October 07, 2015 2:25 am
While the RBI has cut policy rates since January 2015 by a cumulative 125 bps, banks have cut one year deposit rates by an average 130 bps and lending rates by 50 bps, which includes the base rate cuts in the last one week.
September 18, 2015 6:12 pm
Brokers said mood got a big lift after Fed's decision to maintain status quo gave RBI some headroom to loosen rates at the upcoming policy review on September 29.
January 12, 2015 2:53 am
Interest rate is an important factor for a pick-up in investments.
September 17, 2014 5:15 am
SBI on Tuesday trimmed the interest rate on term deposits.
June 01, 2014 11:55 am
RBI may cut rates by 25 basis points at its first credit policy review after the Narendra Modi-led government assumed charge
May 30, 2014 12:27 am
The proposal is still under discussion by the departments of economic affairs and financial services on the interest burden on the government and its impact on money market.
February 24, 2014 2:15 am
According to the World Bank’s Ease of Doing Business index for 2009-2013, currently, Mumbai ranks 134, lagging behind neighbouring countries.
December 23, 2013 12:34 am
With CPI inflation hovering at over 11 per cent,this comes as a huge relief to retail investors.
December 19, 2013 3:29 am
Fed lowered its expectations for both US inflation and unemployment over the next few years.