Tag: interest rate
RBI Expected To Hold Interest Rates At Tuesday's Review
The Reserve Bank of India (RBI) is expected to hold key interest rates at its monetary policy review - its second after November's note ban - in the wake of banks being flush with funds post-demonetisation and a firming up of global oil prices.....
RBI To Keep Watch On Long-term Data For Rate Cuts: HDFC CEO
The Reserve Bank of India (RBI) will keep a close watch on certain data like crude oil prices, US economic data and monsoon, to consider a future cut in its lending rates, Vice Chairman and Chief Executive Officer of HDFC Keki Mistry said.....
US Fed Likely To Hike Interest Rate On Wednesday
Market expectations of an interest rate hike by the US Federal Reserve later on Wednesday have heightened sharply following strong employment data released last week.....
Sovereign Gold Bonds Issue To Open On Monday
The first tranche of the Sovereign Gold Bonds (SGB) scheme will open for public subscription on Monday, the government has announced. ....
Government Nod To 8.65% Interest On EPF For 2016-17
The Central government has approved 8.65 per cent interest rate on the Employees' Provident Fund (EPF) deposits for 2016-17, officials said on Friday. ....
SBI Cuts Interest Rates On Home Loans, Fixed Deposits
Country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits.....
Govt Sharply Cuts Small Savings Rates, PPF To Get Just 7.1% Now
The government on Tuesday steeply cut interest rates on various small savings schemes in line with sharp cut in policy rates announced by the Reserve Bank of India on Friday where it reduced repo rate by 75 basis points.....
Wrong Time To Reduce Interest Rates On Small Savings: Chidambaram
Former Union Finance Minister P. Chidambaram has slammed the government for reducing the interest rates on small savings and PPF and said it may be "technically correct but it's wrong time" as the country is amid lockdown due to fear of coronavirus and people have no way of income. ....
Canara Bank Slashes Interest Rates On Loans Upto 35 Bps
Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans and Advances across all tenors with effect from April, for the amalgamated entity.....
HDFC Bank Cuts Interest Rates On Loans By 20 Bps
The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect.....
