Interest Rate | The Asian Age

Wednesday, Apr 17, 2024 | Last Update : 12:00 AM IST

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RBI cuts key rate by 25 bps, changes stance to neutral

Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.

07 Feb 2019 12:08 PM

Two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 per cent. (Photo: FIle)

RBI likely to change stance, close on rate cut

A 25 basis point rate cut by mid-2019 is to be expected.

05 Feb 2019 10:53 AM

Finance ministry has said the public sector banks (PSBs) can also raise funds through the debt ETF route.

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

As many as 10-15 CPSEs have shown interest to try the debt ETF route for fund raising in next fiscal.

01 Jan 2019 10:58 AM

For fixed deposits maturing in one to less than two years, SBI has revised its rate to 6.80 per cent from 6.70 percent earlier.

SBI raises deposit rates by up to 10 bps

The new rates ranging from 5 to 10 bps are applicable for deposits below Rs 1 crore and are effective immediately.

29 Nov 2018 12:09 PM

The bank has also upped its offering by 0.25 per cent in other buckets including 46-60 days, 61-90 days, 91-120 days and 121-184 days.

ICICI Bank ups retail term deposit rates by up to 0.25 pc

The bank will offer 7.50 per cent interest on deposits under Rs 1 crore for a tenor of above two years up to three years.

14 Nov 2018 5:42 PM

State Bank of India (SBI), is offering the highest 6.85 per cent interest rate on 5-10 years tenure.

FD rates up, smaller lenders offer 8.50 per cent

HDFC Bank, Punjab National Bank (PNB) and Canara Bank revised their interest rates recently.

13 Nov 2018 12:38 PM

The rate on deposits with tenor of 5-8 years and 8-10 years has been increased to 6.5 per cent from 6 per cent. (Photo: YouTube)

HDFC Bank hikes deposit rates; BoB raises lending rate

HDFC Bank raised interest rates on deposits by up to 0.5 pc, while Bank of Baroda hiked lending rates by 0.1 pc.

07 Nov 2018 10:43 AM

The panel also shifted its policy stance to calibrated tightening from ‘neutral’.

RBI's MPC highlights inflation spike risk, signal rate hikes

India’s retail inflation rose to 3.77 per cent in September from 3.69 per cent in August.

20 Oct 2018 11:16 AM

Last month, the government announced that the interest on small savings, including NSC and PPF. (Representational image)

Govt hikes GPF interest rate to 8 per cent for Oct-Dec quarter

Interest rate would apply on Provident Funds of central govt employees, railways and defence forces.

16 Oct 2018 4:02 PM

Reserve Bank of India keeps key policy rate unchanged at 6.50 pc

RBI in its monetary policy meet in August had decided to hike the key interest rates from 6.25 pc to 6.50 pc.

05 Oct 2018 2:44 PM

RBI’s selling of dollars to stem the slide in the rupee has drained 1.5 trillion rupees from the banks since April.

RBI seen raising rates again as rupee slide accelerates

A rate hike should make domestic yields on debt more attractive for foreign investors.

05 Oct 2018 10:41 AM

Interest rate for 5-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 pc.

Interest rate on small savings hiked after several yrs; PPF to fetch 8 pc now

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sep 2018 10:52 AM

The one-year MCLR has been increased to 8.55 per cent from 8.50 per cent.

Bank of Baroda hikes MCLR by 5 bps across tenors

The rise in MCLR will make home, auto and other loans costlier for customers.

05 Sep 2018 4:30 PM

The rupee may fall further against the US dollar, prompting the Reserve Bank to adopt "orthodox" monetary policy like hike in interest rate to check depreciation of the domestic currency, an SBI report said Tuesday. (Photo: AP)

Rupee may decline further against US dollar: State Bank of India report

The rupee has now depreciated by 6.2 per cent since June 2018 when RBI started hiking rates.

04 Sep 2018 5:10 PM

The new lending rates took effect from August 12.

IDBI Bank raises MCLR by 5-10 bps

For three and six months of tenor, the new MCLR will be 8.45 per cent and 8.60 per cent.

15 Aug 2018 9:30 AM

Short term ICICI Bank FD rates for senior citizens range from 4.50 per cent to 7.00 per cent per annum.

ICICI Bank hikes fixed deposit interest rates

ICICI Bank offers best FD rate of 7.75 per cent on term deposits for a tenure of 2 years 1 day to 5 years.

14 Aug 2018 5:53 PM

Days after Reserve Bank of India hiked the benchmark, repo rate, HDFC Bank on Monday increased fixed deposit rates on various maturities by up to 0.6 per cent.

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

06 Aug 2018 3:24 PM

The RBI did not change its policy stance in June due to the various uncertainties they faced.

RBI in a tight spot, is expected to raise rates again

In June, repo rate was raised for the first time in over four years, by 25 basis points to 6.25 per cent.

01 Aug 2018 8:33 AM

BOJ intends to maintain current extremely low levels of short- and long-term rates for an extended period of time.

BOJ takes steps to make policy flexible but vows to keep rates low

BOJ decided to maintain its short-term interest rate target at minus 0.1 per cent.

31 Jul 2018 12:23 PM

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started three-day deliberations here on Monday to decide on the key interest rate amid elevated oil prices and inflation hovering around 5 per cent.

Reserve Bank of India's interest rate setting panel starts 3-day meet

Experts are divided in their opinion about the likely action of Reserve Bank of India on the benchmark lending rate.

30 Jul 2018 6:41 PM

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Aakar Patel