Gold loan interest rates currently range from 8.75% to 27% across banks and NBFCs, with Canara Bank offering the lowest and NBFCs like IIFL and Muthoot charging higher rates for added flexibility.
Market participants said they will wait for the Liquidity Coverage Ratio (LCR) review draft, which they said could have an impact on bank's liquidity.
In today's edition of Moneycontrol Pro Panorama: China’s stimulus move not enough, Indian IT return as investor favourite, Indian pharma growth trends downwards, Mahua Moitra’s expulsion buries political hatchet, and more
The widely accepted idea that rates will eventually fall back to pre-pandemic levels is based on economic theories that may turn out to be backward
Banks and investors have a big cushion to protect them from the end of quantitative easing
Can governments, which have been borrowing to pay their bills, running fiscal and trade deficits in an era of easy money, pay their bills when the easy money doors are slammed shut and higher interest rates raise the costs to service that debt?
Retirees have been in financial distress, thanks to the low rates of interest on bank deposits; hence the demand for a return to defined benefit pensions
The benchmark 1-year tenor marginal cost of funds-based lending rate (MCLR) has been revised to 7.75 percent against the existing rate of 7.65 percent. This will impact car, personal, and home loans.
The RBI's rate-setting panel has since early May raised the policy repo rate by 90 basis points to 4.90 percent as it seeks to curb elevated inflation which could threaten economic recovery.
Most bankers feel that if inflation pressure continues to be the same way, then the RBI will be forced to hike the interest rates by 25 basis points in the next policy. In an interview on CNBC-TV18, Uday Kotak, vice-chairman and managing director of Kotak Mahindra Bank, said the RBI will keep hiking interest rates.
In an exclusive interview on CNBC-TV18, Arun Kaul, chairman of UCO Bank and TM Bhasin, chairman and managing director of Indian Bank shared their views on inflation and interest rate expectations.