Deposit Rates

Showing of 1 - 20 from 27 results
Deposit Rates - Total results - 27
Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
Business

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes

As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November
Business

SBI slashes deposit rates steeply, lowers lending rates marginally by 5 bps; to be effective from 10 November

SBI also revised its interest rates on term deposits on account of adequate liquidity in the system. The new deposit rates will also be effective from 10 November.

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March
Business

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March

RBI surprisingly cut its key lending rate by 0.25% to 6.25 as it sought to up the sagging growth amid a slowdown in inflation at its 7 February policy

If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s why
Business

If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s why

The banks have room for further reduction of at least 80 bps in their lending rates if these entities choose to pass on the full benefit of the RBI rate cuts to the end-borrower.

EPFO has enough surplus to hike interest rate to 8.65% for FY19; hope the Finance Ministry does not put roadblocks
Business

EPFO has enough surplus to hike interest rate to 8.65% for FY19; hope the Finance Ministry does not put roadblocks

The EPFO had provided a five-year low rate of interest of 8.55 percent to its subscribers for 2017-18

RBI likely to cut key rate by just 25 bps points; weakening economic growth, subdued inflation warrant larger reduction, opine analysts
Business

RBI likely to cut key rate by just 25 bps points; weakening economic growth, subdued inflation warrant larger reduction, opine analysts

The MPC could be reluctant to make a deeper cut in any case, as banks only reduced their lending rates by a token 5-10 basis points after the RBI’s last 25 bps cut in February.

RBI Policy: Goods news for savers, but tough times ahead for borrowers as loans may turn expensive
Business

RBI Policy: Goods news for savers, but tough times ahead for borrowers as loans may turn expensive

Home loans, which have been the mainstay of banking in the last three years, would be affected by these two successive rate hikes and homeowners will be affected here

Planning to get a home or auto loan? You may soon end up paying more but there’s no reason for major worry
Business

Planning to get a home or auto loan? You may soon end up paying more but there’s no reason for major worry

Banks are preparing to cushion their earnings by gradually increasing their lending rates in backdrop of hardening bond yields over past few months

Punjab National Bank cuts MCLR by 10 to 15 basis points
Business

Punjab National Bank cuts MCLR by 10 to 15 basis points

PNB’s overnight MCLR has been revised the most i.e. by 15 basis points

SBI cuts term deposit rates by up to 50 bps; new rates effective 29 April
Business

SBI cuts term deposit rates by up to 50 bps; new rates effective 29 April

The bank is offering highest rates of 6.90 per cent for one year to 455 days term deposits

Demonetisation gold pot: Will it all end up as an 'accounting adjustment' for RBI?
India

Demonetisation gold pot: Will it all end up as an 'accounting adjustment' for RBI?

Banks will be the biggest beneficiaries with deposits coming in large quantities leading to surplus liquidity in the system.

Small savings rate cut: It’s good news to the borrower and bad news to the saver
Business

Small savings rate cut: It’s good news to the borrower and bad news to the saver

The government has announced a 25 basis points reduction in the interest rates of small savings

After RBI, banks start passing on benefit to consumers
Business

After RBI, banks start passing on benefit to consumers

Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.

After RBI's surprise, banks to lower lending rates soon, say top bankers
Business

After RBI's surprise, banks to lower lending rates soon, say top bankers

Welcoming RBI's decision to cut rates, top lenders SBI and ICICI Bank today said the much-awaited lowering of lending and deposit rates would "definitely" take place now.

Banks may cut deposit rates further, but don't expect your loan rates to fall before March
Business

Banks may cut deposit rates further, but don't expect your loan rates to fall before March

Banks are unlikely to reduce their base rates in the same fashion and quantum they have cut their deposit rates

Softening rates: SBI rejigs fixed deposit rates but others may not follow
Corporate

Softening rates: SBI rejigs fixed deposit rates but others may not follow

India's largest lender State Bank of India (SBI) is revising interest rates on retail term deposits below Rs 1 crore with effect from September 18. While the bank has brought down its peak interest rate on domestic term deposits between one and three years to 8.75% from 9% earlier, it has revised upward by 25 basis points rates in deposits between six months to 210 days to 7.25%.<br />

SBI first bank to cut fixed deposit rates to below 9%
Corporate

SBI first bank to cut fixed deposit rates to below 9%

SBI has cut the deposit rates for 1-3 years to 8.75 percent from 9 percent, while for the period of 180-210 days, it has hiked the rates to 7.25 percent from 7 percent.<br />

Home loans get costlier, SBI hikes lending rates to 9.8%
Business

Home loans get costlier, SBI hikes lending rates to 9.8%

The banks also hiked its benchmark prime lending rate (BPLR) by a 10 basis point as well and the new BPLR now stands at 14.55 percent. The new rates will be effective from today.

IDBI Bank reduces term deposit rates by up to 50 basis points
Business

IDBI Bank reduces term deposit rates by up to 50 basis points

IDBI Bank today announced that that it has reduced its term deposit rates for selective tenors.