Interest Rate Hike

New FD rates announced by Punjab and Sind Bank; check latest fixed deposits rates here

Punjab and Sind Bank has hiked its interest rates on fixed deposits (FDs) and savings accounts. The updated interest rates of Punjab and Sind Bank came into effect from 1 November

IDFC First Bank hikes interest rates on fixed deposits, savings accounts; latest rates here

Fixed deposits maturing in 750 days will now be getting 7.25 percent interest rather than 6.9 percent, which is an increase of 35 basis points.

Serial interest rate increases to power bank earnings in Q2: Report

According to the analysts at Kotak Institutional Equities, NIMs are likely to improve as the loans linked to MCLR/EBLR have begun to reprice reflecting the new policy rates.

Asian stocks follow Wall Street down as interest rate hike worries grow

Energy markets remain volatile as the conflict in Ukraine continues and demand remains high amid tight supplies of oil

US Federal Reserve chief signals more interest rate hikes ahead if US economy stays strong

US Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong.

Moody's says US rate hike could spell downside risks to some emerging markets

It said the sovereigns having little policy room to protect growth and buffer themselves from external shocks are likely to be affected the most

Lessons in PF: What to do with your loan when rates rise

Increase in tenure would mean more interest outgo and if hikes happen repeatedly the borrower will take even more time to close out an already long term loan.

The flip side of upbeat IIP data: No rate cut?

Given the strong IIP data, most experts believe a rate cut is unlikely for now.

IMF praises RBI's monetary tightening strategy

In economies where inflation remains above target and inflation expectations have continued to rise, such as in China and India the current pace of monetary tightening remains appropriate: IMF

No safe haven: Swiss National Bank to charge 0.25% for deposits

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying.