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Latest Articles in interest rate

IDBI Bank Launches Repo-Linked Home, Auto Loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.

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Govt Hikes GPF Interest Rate To 8 Per Cent For Oct-Dec Quarter

The rate is in line with that for Public Provident Fund. The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19

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Bank Of India Slashes Interest To 3.5% For Deposits Up To Rs 50 Lakh

BOI said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 per cent per annum

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Once 'Fragile' India Gets Thumbs Up Even As Rates Set To Fall

Rather than being concerned at India's falling policy rate premium over the United States, foreign investors are giving the country's markets the thumbs up.

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Axis Bank Follows Suit, Cuts Home Loan Rate By 0.3%

Following the current trend of reducing interest rate on home loan, Axis Bank truncated its current interest rate by 30 basis points (or 0.3 per cent) on Thursday

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RBI To Hold Key Rate Next Month; Cut 25 Bps In August: BofAML

The Reserve Bank is expected to hold the key rate at its monetary policy review next month but may opt for a 25 bps cut in August, says a Bank of America Merrill Lynch report

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Government Slashes Small Saving Schemes Interest Rates by 0.1%

The government has lowered interest rates on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, a move that would prompt banks to cut their deposit rates

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RBI May Keep Rates Unchanged In April; Cut 25 Bps In August: BofAML

The Reserve Bank is likely to keep key interest rates unchanged on April 6, while there is scope for a rate cut in the August meet on slow growth and benign inflation, says a report

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Freight And Fridge Sales: Indian Economists Seek GDP Clues Amid Data Doubts

Surprised again by India's strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia's third-largest economy

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Fed Leaves Interest Rates Unchanged, Remains Upbeat On Economy

The Federal Reserve held interest rates steady on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the US economy that suggested it was on track to tighten monetary policy this year

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RBI Seen Cutting Rates As Demonetisation Rattles Economy: Poll

The Reserve Bank of India is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi's currency crackdown rattled the economy and severely hurt consumption

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Indian Manufacturing Growth Cools In September On Weakening Demand

Indian factory activity cooled in September on slowing growth in new orders and production and as manufacturers charged slightly higher prices, although muted inflation should give the central bank room to ease policy further, a survey showed

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Interest Rates On Small Savings Schemes Cut By 0.1%

Interest rates on small savings schemes have been reduced marginally by 0.1 per cent for the October-December quarter of 2016-17, leading to lower returns on Public Provident Fund, Kisan Vikas Patra, Sukanya Samriddhi Account, among others

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ECB Holds Rates, Keeps March Date For Ending Asset Buys

Repeating its usual forward guidance, the ECB added that rates would stay at their current or lower levels for an extended period, a stance intended to reassure investors that any reversal in rates was many years away

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Arun Jaitley Questions High Interest Rates On Savings

With private investment yet to pick up, Finance Minister Arun Jaitley has wondered whether it is desirable to continue offering high interest rates on savings that translate into higher cost of lending and sluggishness in the economy.

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