Now, SBI, ICICI Bank and LIC Housing Finance offer lowest home loans rates at 8.35% for women and 8.40% for the others
From interest rate reduction on home loans to being charged for ATM withdrawal for wallet and no-frills account users to capital raising and merger talk of banks and some smaller public sector bank results where bad loans continued to grow, all happened in the second week of May.
Bank deposits can also be high tax-inefficient, and reduce your ability to create wealth efficiently
An ordinance was notified to clean up the NPA mess, even as bad loans played spoilsport in ICICI Bank's Q4 results.
Spot gold rose 0.2 percent to $1,240.51 per ounce by 0245 GMT. It fell 1.5 percent in the previous session - its worst single-day drop since Nov. 23 - breaching both its 50-day and 200-day moving averages. Prices hit a low of $1,236.01 on Wednesday, a level not seen since March 21.
The Fed's pause comes after it modestly raised its benchmark short-term rate in December and March. Most economists expect it to do so again when it next meets in mid-June.
"The possibility of the banks reducing lending rates is not very much in the horizon. There may be some small adjustments. But I do not see the lending rates coming down because the banks do feel the pressure of the stressed assets," he told PTI here.
Ind-Ra estimates that Rs 560 billion out of total debt of Rs 1,730 billion could be refinanced at a lower borrowing cost across various infrastructure sub-sectors in its portfolio till 2018-19.
China will closely monitor the Fed's interest rate increases and any shrinking in its balance sheet, said Wang.
Earlier this month, the Reserve Bank of India raised a secondary rate while holding the key repo rate steady to mop up excess liquidity from the government's demonetisation drive, making it the fourth meeting in a row it has surprised markets.
Kuroda, speaking in the upper house of parliament, also said he felt the BOJ would be able to manage its exit smoothly, including reducing the size of its balance sheet.
Even though Reserve Bank of India Governor Urjit Patel feels “further scope for a more complete transmission of policy impulses remains”, banks hold a different view.
The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.
Mihir Vora, Director and Chief Investment Officer, Max Life in an interview to CNBC-TV18 shared his views on market fundamentals and his expectation from the Reserve Bank of India monetary policy today.
State-owned IDBI Bank has lowered interest rates on retail term deposits by 0.5 per cent for maturity between 31 days to up to 2 years. The new rates on these deposits range from 4.50 per cent to 6.40 per cent.
All 60 economists polled by Reuters predict the RBI's six-member monetary policy committee (MPC) will leave the repo rate at 6.25 percent, where it has been since October.
For new borrowers, the MCLR or the marginal cost based lending rate which was last reduced in January to 8 percent for a one-year loan and 8.15 percent for three-year loans, remains unchanged.
For FCNR(B) deposits, in USD terms, the revised interest rate has been fixed at 2.40 percent for deposits of one year and above, but less than two years from 2.33 percent.
The RBI shifted to a neutral stance from accommodative in February and this, in turn, may prompt the central bank to hold rates in the ensuing meet early next month.
This brings them more in line with broader market consensus, although they are still on the dovish end of the spectrum and reckon that rates will rise no higher than 1.625 percent until at least the end of next year.
By "work to do," Kaplan was referring to further interest-rate hikes. Kaplan supported last week's interest-rate increase, only the Fed's third since the financial crisis, and said Tuesday the "country will be well-served" by the decision.
India’s software exports to the US are well regarded and in the long run should benefit from the strength of the US economy.
Fitch said that the recent US rate hikes could mark the beginning of a significant shift in global interest rate environment, with benchmark US policy rates settling higher over the long-term than current market expectations.
In a widely expected move, the BOJ maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central bank.