Interest Rates

Interest Rates News

Interest rates need to move up much more to bring down inflation durably, says Gita Gopinath
Business

Interest rates need to move up much more to bring down inflation durably, says Gita Gopinath

The first deputy managing director at IMF, however, said emerging markets had seen a reversal of portfolio flows, but India is better placed than most other countries to handle the volatility

HDFC raises lending rate by 5 basis points, EMI to rise for existing borrower
Business

HDFC raises lending rate by 5 basis points, EMI to rise for existing borrower

Interest rates are expected to harden in the coming months as global inflationary fears have been stoked due to geopolitical tensions

Bajaj Finance fixed deposit revises interest rates: Here's how to calculate your returns with FD calculator
Business

Bajaj Finance fixed deposit revises interest rates: Here's how to calculate your returns with FD calculator

The Fixed Deposit Interest Calculator, available from Bajaj Finance, makes it easy for investors to plan their investments

US Federal Reserve raises interest rates to fight inflation, signals more hikes ahead
World

US Federal Reserve raises interest rates to fight inflation, signals more hikes ahead

It also released a set of quarterly economic projections that underscored the potential for extended interest rate increases in the months ahead

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
India

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494

Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.

ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public
Business

ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public

Private lender ICICI Bank on Thursday announced a fixed deposit product with an enhanced interest rate offering of 0.80 percentage point for senior citizens

Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers
Business

Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers

Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Business

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Gold holds steady ahead of US Federal Reserve Chairman Jerome Powell's speech
Business

Gold holds steady ahead of US Federal Reserve Chairman Jerome Powell's speech

Gold held steady on Wednesday as market participants stayed away from making big bets ahead of a speech by Federal Reserve Chairman Jerome Powell amid rising speculation the United States could one day adopt negative interest rates

State Bank of India hikes home loan rates by up to 30 basis points; other lenders may follow suit
Business

State Bank of India hikes home loan rates by up to 30 basis points; other lenders may follow suit

State Bank of India (SBI) has raised its home loan rates that are linked to repo rate by up to 30 basis points, a move which may be followed by other lenders

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper
Business

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
Business

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers

Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans

Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
Business

Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow

The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie

HDFC Bank cuts lending rate by 20 bps on decline in borrowing cost; one-year MCLR revises to 7.95%
Business

HDFC Bank cuts lending rate by 20 bps on decline in borrowing cost; one-year MCLR revises to 7.95%

Largest private sector lender HDFC Bank has cut its lending rate by 0.20 percent, amidst a gradual decline in the cost of borrowing across the system

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps
Business

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps

The country's largest lender SBI on Tuesday said it has cut savings rate by 0.25 percent to 2.75 percent on all deposits

ICICI Bank slashes interest rate on savings account by 25 bps for deposits up to Rs 2 crore
Business

ICICI Bank slashes interest rate on savings account by 25 bps for deposits up to Rs 2 crore

Private sector lender ICICI Bank on Wednesday cut interest rates on savings accounts by 25 basis points for deposits up to Rs 2 crore

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers
Business

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers

State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April

RBI likely to cut interest rates by 100 bps in FY21 to support growth, financial stability: Fitch Solutions
Business

RBI likely to cut interest rates by 100 bps in FY21 to support growth, financial stability: Fitch Solutions

The RBI is likely to cut benchmark interest rate by another 100 bps in 2020-21 fiscal and continue to employ all policy tools at its disposal to support growth and financial stability to contain the impact of Covid-19 pandemic on the economy, Fith Solutions said Tuesday

Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%
Business

Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%

Indian Bank on Monday announced a cut its lending rates following a 0.75 percentage point reduction in the repo rate by the Reserve Bank last week

Bank of Baroda cuts interest rates by 75 bps to 7.25% on personal, retail, MSMEs loans
Business

Bank of Baroda cuts interest rates by 75 bps to 7.25% on personal, retail, MSMEs loans

Bank of Baroda on Monday said it has slashed the interest rate on loans for retail, personal and Micro, Small and Medium Enterprises (MSMEs) to 7.25 percent with effect from 28 March