interest rate

interest rate News

Explained: New SBI interest rate rules for savings account, short term deposits

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.

Banks reaping rate cut gains, not customers

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.

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Renewed RBI rate cut hopes give Sensex a 255-point lift

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.

‘Obstacles to manufacturing should be cleared’

Interest rate is an important factor for a pick-up in investments.

SBI takes lead, pares retail deposit rates

SBI on Tuesday trimmed the interest rate on term deposits.

RBI may cut interest rate by 25 bps: Assocham survey

RBI may cut rates by 25 basis points at its first credit policy review after the Narendra Modi-led government assumed charge

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EPFO seeks exit from SDS, may up returns

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.

BMC to set up cell to promote business

According to the World Bank’s Ease of Doing Business index for 2009-2013, currently, Mumbai ranks 134, lagging behind neighbouring countries.

CPI-linked bonds for inflation-proof investment

With CPI inflation hovering at over 11 per cent,this comes as a huge relief to retail investors.

US Fed to scale back asset purchases as economy steadies

Fed lowered its expectations for both US inflation and unemployment over the next few years.

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