Deposit Rates

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

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

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

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

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

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

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?

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

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

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.