Jul 07, 2020 01:40 PM IST
"If interest rates are at 6 percent, NPA's will double in six years. Both cost of credit and the flow of credit both have to be looked at," he said adding that the problem with low interest, however, is that capital injection will be significantly lower.
- Jul 04, 2020 01:25 PM IST
Large banks, both government-owned and from the private sector, give far lower interest rates to depositors. But some banks, especially smaller or newer ones, pay a higher interest rate on your balances in order to attract new business into banks.
- Jul 03, 2020 09:56 AM IST
Some banks, especially smaller or newer ones, pay a higher interest rate on your balances
- Jul 02, 2020 10:14 AM IST
The central bank, which expected the upgrades to be done in a phased manner, is asking banks for updates on the progress.
- Jul 02, 2020 07:37 AM IST
"As on 30.06.2020, 70.32 lakh Kisan Credit Cards have been sanctioned with credit limit of Rs 62,870 crore out of Rs 2 lakh crore concessional credit under the #Aatmanirbhar package. This will benefit 2.5 crore farmers, including fishermen & dairy farmers," Finance Minister Nirmala Sitharaman said in a tweet.
- Jul 01, 2020 10:59 PM IST
Among the small savings schemes, Sukanya Samriddhi Account will fetch the highest interest rate at 7.6 percent
- Jul 01, 2020 10:37 AM IST
Some of the relief measures announced for bank customers earlier will now be slowly rolled back
- Jun 30, 2020 11:03 AM IST
However, the amount is not absolute as only SBI has provided the moratorium data for periods before and after the COVID-19 outbreak
- Jun 29, 2020 01:42 PM IST
To maintain norms of social distancing and contact-less transactions, some banks provide fully contact-less FD schemes.
- Jun 26, 2020 02:16 PM IST
You can invest a maximum of Rs 1.5 lakh in these FDs
- Jun 25, 2020 03:35 PM IST
Unless no further announcement is made, then previous ATM withdrawal rules will be restored again from July 1.
- Jun 24, 2020 05:56 PM IST
The central bank says it has received complaints of exorbitant interest rates, harsh recovery measures, and unauthorised use of personal data by lending platforms.
- Jun 24, 2020 01:44 PM IST
Key banks like State Bank of India (SBI) and HDFC Bank are offering interest rates between 4 percent and 6 percent on fixed deposits.
- Jun 19, 2020 11:19 AM IST
When you borrow, you’ve got to repay. But lenders cannot humiliate you and use aggressive methods for recovery
- Jun 19, 2020 09:18 AM IST
A win-win proposal would be offering a ‘prompt payment’ discount to all borrowers who pay all their instalments on time after availing the moratorium facility.
- Jun 17, 2020 12:05 PM IST
Bank depositors will be "severely hit" if a waiver on interest rates is allowed, as banks would inevitably seek to cover their potential or actual loss of interest income through further cutbacks in the deposit interest rates, it said.
- Jun 16, 2020 08:52 AM IST
Every time you skip an EMI or a credit card payment, your scores get impacted
- Jun 15, 2020 09:19 AM IST
But applicants need to factor in their repayment capacity while availing gold loans
- Jun 11, 2020 08:49 PM IST
The central bank has also sought views on the same by July 15.
- Jun 09, 2020 02:10 PM IST
Here's a list of banks that are offering lowest interest rates on home loan.
- Jun 05, 2020 12:46 PM IST
ICRA estimates the gross non-performing asset (NPAs) could rise to 11.3-11.6 percent by March 2021 from an estimated level of 8.6 percent for March 2020
- Jun 04, 2020 02:49 PM IST
BCFI is the industry body for business correspondents or 'bank mitras' who provide rural payments, account opening and other basic banking services to customers.
- Jun 03, 2020 10:48 PM IST
Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.
- Jun 03, 2020 04:08 PM IST
Government think-tank NITI Aayog’s suggestions include allowance of ‘long term private capital’ in the banking sector, besides provision of banking licenses to select industrial houses under strict qualifications
- Jun 03, 2020 03:44 PM IST
This will be applicable for NPAs (non-performing assets) after March 25. This was one of the proposals Finance Minister Nirmala Sitharaman had announced in her series of press conferences on the Rs 20 lakh crore economic package.