Interest Rate | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 06:01 AM IST

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Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda cuts base rate by 0.15 per cent to 9.15 per cent from Oct 1

Method which charges interest on credit worthiness of customers, has also been cut to 13.45 per cent per annum.

28 Sep 2017 3:58 PM

Retail inflation rose to a five-month high of 3.36 per cent in August from 2.36 per cent in July.

Icra sees RBI leaving rates unchanged on October 4

The repo rate at present at 6 per cent, there maybe room for further monetary easing.

28 Sep 2017 3:12 PM

Retail inflation was 3.36 per cent in August and wholesale inflation was 3.24 per cent.

RBI may opt for status quo in next policy: SBI report

Monetary Policy Committee of RBI reduced the key interest rate by 25 basis points to 6 per cent in August.

27 Sep 2017 6:47 PM

RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.

RBI likely to keep policy rate on hold till fiscal-end: report

The rate cut was the first in 10 months and brought policy rates to a near 7-year low.

17 Sep 2017 11:08 AM

June quarter GVA growth came in at a lower-than-expected 5.6 per cent in the new series and about 5 per cent in old series.

Lending rate cuts key to economic revival: BofAML

The rate cut was the first in 10 months and brought policy rates to a near 7-year low.

03 Sep 2017 11:33 AM

Bank has decided to revise the rate of interest on savings bank deposits with effect from September 1.

Canara Bank cuts interest rate on savings bank accounts

Canara Bank said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent.

01 Sep 2017 5:00 PM

Dena Bank has reduced MCLR by 15 basis points across one year, six months, three months and one month.

Union Bank, Dena Bank reduce MCLR rates

New one-year MCLR has been set at 8.20 per cent as against 8.40 per cent earlier.

01 Sep 2017 2:46 PM

Bank is introducing two tier saving bank rate with effect from Thursday. (Photo: PTI)

BOI cuts interest to 3.5 pc for deposits up to Rs 50 lakh

The bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh.

24 Aug 2017 1:06 PM

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank cuts savings rate by 0.5 per cent

For deposits above Rs 25 lakh interest rate will remain unchanged at 4 per cent per annum.

21 Aug 2017 4:52 PM

The revised interest rate will be effective from August 19.

ICICI Bank cut interest rate on savings account by 0.5 per cent

The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged.

19 Aug 2017 12:41 PM

The new rate will be applicable from August 21. (Photo: PTI)

Union Bank revises savings bank deposit rates

For deposits above Rs 25 lakh rate has been left unchanged at 4 per cent per annum.

18 Aug 2017 7:43 PM

Private sector and public sector banks have been cutting interest rates on savings account across the country. Photo: PTI

7 banks that cut interest rate on savings account

State Bank of India was first to slash interest rate, followed by other public and private lenders.

17 Aug 2017 11:53 AM

Yes Bank on Wednesday reduced the interest rate on savings bank accounts by 1 per cent to 5 per cent for deposits of less than Rs 1 lakh.

Yes Bank slashes interest rate on savings account by 1 per cent

The bank has also slashed interest rate on savings accounts to 6.25 per cent from existing 6.5 per cent for deposits over Rs 1 crore.

16 Aug 2017 8:59 PM

Axis Bank on Tuesday reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh.

Axis Bank cuts interest rate on savings bank account

SBI had also slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1 crore and below.

08 Aug 2017 5:02 PM

The Pune-based Bank of Maharashtra stock closed unchanged at Rs 27.75 on BSE. (Repreentational Image)

Bank of Maharashtra cuts MCLR rates by 0.05-0.15 per cent from monday

Base rate remains unchanged at 9.70 per cent per annum, Bank of Maharashtra said in a regulatory filing.

07 Aug 2017 8:02 PM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley defends SBI decision to cut saving account interest rate

SBI to cut interest rate on saving accounts with less than Rs 1 cr deposit to 3.5 per cent from 4 per cent.

03 Aug 2017 1:27 PM

Karnataka Bank on Thursday reduced interest rate to 3 per cent for accounts having deposits of less than Rs 1 lakh.

Karnataka Bank cuts interest rate to 3 per cent on deposits less than Rs 1 lakh

The interest rate has been reduced by 1 per cent from 4 per cent, Karnataka Bank said in a statement.

03 Aug 2017 10:03 AM

Economic Affairs Secretary Subhash Chandra Garg, (Photo credit: World Bank)

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

02 Aug 2017 4:36 PM

SBI slashes interest rates on savings

As per a SBI official, about 90% of the savings account holders falls under the less than Rs 1 crore bracket.

01 Aug 2017 12:59 AM

The SBI stock rallied 4.71 per cent to Rs 313.30 on BSE. (Photo: PTI)

SBI up 5 pc as it cuts interest rate on savings account deposits

Rate cut by SBI on savings bank account is a strategic move by the bank aimed at increasing profits.

31 Jul 2017 2:55 PM

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Sanjeev Ahluwalia