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  • Depositors switch to long term maturities in hunt for higher rates Oct 09, 2019 09:25 PM IST

    Depositors switch to long term maturities in hunt for higher rates

    As the rates go down, depositors tend to lock in at longer maturities in anticipation of more cuts.

  • Reporter's Take | Why average deposit rates for public sector banks are moving up Oct 09, 2019 07:34 PM IST

    Reporter's Take | Why average deposit rates for public sector banks are moving up

    Interest rates, both lending as well as deposits, are on their way down. However, a different trend is being seen in the case of PSBs.

  • SBI reduces term deposit rates by up to 50 bps May 01, 2017 05:14 PM IST

    SBI reduces term deposit rates by up to 50 bps

    According to the new structure, for two to less than three years deposits, SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier, the bank said.

  • No need to adopt negative deposit rates in Japan: BOJ Guv Dec 07, 2015 12:28 PM IST

    No need to adopt negative deposit rates in Japan: BOJ Guv

    The European Central Bank has adopted negative deposit rates to penalize financial institutions for parking excess funds at the central bank and encourage them to boost lending instead.

  • Will revise rates when needed; comfortable with CAR: SBI Sep 01, 2015 08:57 AM IST

    Will revise rates when needed; comfortable with CAR: SBI

    SBI, MD - corporate banking, P Pradeep Kumar says, it has been continuously reviewing base rates and lowering deposit rates since August or September last year. "A further cut will depend on SBI's cost of funds, composition of asset portfolio, etc."

  • United Bank cuts interest rates on select maturities Aug 17, 2015 09:37 PM IST

    United Bank cuts interest rates on select maturities

    For maturities of over a year to above five years, deposits of Rs 1 crore will attract interest of 7.25 percent from 7.5 percent earlier. While, deposits of Rs 1-5 crore will earn interest at 7 percent from 7.5 percent earlier and deposits of Rs 5 crore will have new rate of interest at 7 percent from 7.5 percent earlier.

  • Bankers see higher PPF rate limiting more deposit rate cuts Aug 02, 2015 04:35 PM IST

    Bankers see higher PPF rate limiting more deposit rate cuts

    Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability

  • China cuts interest rates to boost economy May 10, 2015 03:02 PM IST

    China cuts interest rates to boost economy

    The central bank said the move would support the healthy development of the economy.

  • Banks peeved with RBI's latest nudge to cut lending rates Apr 07, 2015 04:53 PM IST

    Banks peeved with RBI's latest nudge to cut lending rates

    With banks not cutting lending rates despite two repo rate cuts by the Reserve Bank of India in the first quarter, the central bank today said it would roll out a new method for banks to calculate their cost of funds (which would reduce the transmission period between the two events). Banks, however, said they weren't sure it was a good move.

  • Lending rate cuts may happen in early April: Federal Bank Mar 12, 2015 01:19 PM IST

    Lending rate cuts may happen in early April: Federal Bank

    Even as the Reserve Bank of India has cut rates twice this year, banks have appeared to be extremely unwilling to cut lending rates, despite prodding by both the central bank and the government.

  • Cut base rate to be competitive; see FPO in'15: Bk of Maha Dec 11, 2014 11:48 AM IST

    Cut base rate to be competitive; see FPO in'15: Bk of Maha

    Bank of Maharashtra has cut base rate by 15 basis points to 10.25% with effect from December.

  • Q3 margins may not reflect lower deposit rates: Federal Bk Dec 08, 2014 01:15 PM IST

    Q3 margins may not reflect lower deposit rates: Federal Bk

    The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.

  • Positive on OMCs, pharma; overweight on pvt banks: Emkay Sep 16, 2014 12:25 PM IST

    Positive on OMCs, pharma; overweight on pvt banks: Emkay

    The house continues to remain positive on oil marketing companies on back of expected reforms and disinvestments. The reduction in crude prices has been an added advantage says Sinha.

  • Interest rates to soften by year end: BoB Sep 16, 2014 11:31 AM IST

    Interest rates to soften by year end: BoB

    In an interview to CNBC-TV18, Ranjan Dhawan, ED, Bank of Baroda (BoB) said that there is no knee-jerk reaction to SBI's rate cut because the bank had already cut its bulk deposit rates substantially in the last one year.

  • After SBI, PNB likely to revise deposit rates in 15 days Sep 16, 2014 09:34 AM IST

    After SBI, PNB likely to revise deposit rates in 15 days

    The credit growth of PNB is around 13 percent currently and is expected to touch 15 percent by the end of FY15.

  • Chances of sub-15% credit growth by FY15-end slim: HDFC Sep 16, 2014 09:09 AM IST

    Chances of sub-15% credit growth by FY15-end slim: HDFC

    Keki Mistry, vice-chairman and chief executive officer of HDFC says in another quarter or two, credit growth will take off. Traditionally, credit offtake is highest in the fourth quarter, he adds.

  • Not under NPA pressure, but liquidity still tight: IDBI Jan 01, 2014 03:18 PM IST

    Not under NPA pressure, but liquidity still tight: IDBI

    Speaking to CNBC-TV18, SKV Srinivasan, executive director- retail banking, IDBI Bank, says its deposit rates revision is a mere realignment of rate of interests.

  • OBC raises fixed deposit rates by up to 0.5% Nov 01, 2013 10:27 PM IST

    OBC raises fixed deposit rates by up to 0.5%

    Term deposit between 180-210 days attracts interest rate of 7 percent against earlier rate 6.80 percent. However, there is no change in the interest rates for other maturities in less than Rs 1 crore bracket.

  • Continue to see extreme liquidity tightness: SBI head Sep 20, 2013 10:16 AM IST

    Continue to see extreme liquidity tightness: SBI head

    State Bank of India chairman Pratip Chaudhuri, expects SBI‘s net interest margins to be in the range of 3.55-3.60 percent. He said he has recommended to the RBI that it reduce Cash Reserve Ratio by 1 percentage point.

  • ICICI Bank raises fixed deposits rates by up to 0.75% Aug 21, 2013 06:34 PM IST

    ICICI Bank raises fixed deposits rates by up to 0.75%

    ICICI Bank has raised fixed deposit rates by up to 0.75 percent across select maturities due to a series of steps taken by RBI, leading to tightening of liquidity condition.

  • Indian shares await RBI decision, earnings Jul 27, 2013 12:25 PM IST

    Indian shares await RBI decision, earnings

    Indian shares may falter ahead as investors eagerly await the Reserve Bank of India's (RBI) first quarter policy review on July 30. Earnings from companies are also expected to keep the market on its toes.

  • RBI policy, currency moves key to hike rates: BoI Jul 24, 2013 04:10 PM IST

    RBI policy, currency moves key to hike rates: BoI

    In an interview to CNBC-TV18, VR Iyer, CMD, Bank of India speaks on RBI's moves to ease liquidity in the market and stablise the rupee. She says that it was too early on the possibility of a rate hike.

  • ECB meet may not focus on easier lending: StanChart Jun 04, 2013 05:03 PM IST

    ECB meet may not focus on easier lending: StanChart

    The European Central Bank (ECB) is palnning to have a meeting on Thursday. Sarah Hewin of Standard Chartered feels that there won‘t be any new announcements on making lending easier in that meet.

  • B/S firm on provisions; 25-bps cut in rates likely: OBC May 02, 2013 08:04 PM IST

    B/S firm on provisions; 25-bps cut in rates likely: OBC

    B Nayyar, ED, Oriental Bank of Commerce (OBC) says, in an interview to CNBC-TV18, that the balance-sheet has been strengthened with 63-percent provisioning and adds that a 25-bps cut in deposit rates is likely.

  • Cobrapost expose: Spare smaller savers from bank levy: Eurozone to Cyprus Mar 19, 2013 04:22 AM IST

    Cobrapost expose: Spare smaller savers from bank levy: Eurozone to Cyprus

    Euro zone ministers urged Cyprus to let smaller savers escape a levy on bank deposits, before a parliamentary vote on Tuesday that will either secure the island's financial rescue or threaten default.

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