Oct 09, 2019 09:25 PM IST
As the rates go down, depositors tend to lock in at longer maturities in anticipation of more cuts.
- Oct 09, 2019 07:34 PM IST
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.
- May 01, 2017 05:14 PM IST
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.
- Dec 07, 2015 12:28 PM IST
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.
- Sep 01, 2015 08:57 AM IST
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."
- Aug 17, 2015 09:37 PM IST
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.
- Aug 02, 2015 04:35 PM IST
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
- May 10, 2015 03:02 PM IST
The central bank said the move would support the healthy development of the economy.
- Apr 07, 2015 04:53 PM IST
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.
- Mar 12, 2015 01:19 PM IST
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.
- Dec 11, 2014 11:48 AM IST
Bank of Maharashtra has cut base rate by 15 basis points to 10.25% with effect from December.
- Dec 08, 2014 01:15 PM IST
The commercial private sector lender expects net interest margins in the range of 3.2-3.3 percent for Q3.
- Sep 16, 2014 12:25 PM IST
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.
- Sep 16, 2014 11:31 AM IST
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.
- Sep 16, 2014 09:34 AM IST
The credit growth of PNB is around 13 percent currently and is expected to touch 15 percent by the end of FY15.
- Sep 16, 2014 09:09 AM IST
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.
- Jan 01, 2014 03:18 PM IST
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.
- Nov 01, 2013 10:27 PM IST
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.
- Sep 20, 2013 10:16 AM IST
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.
- Aug 21, 2013 06:34 PM IST
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.
- Jul 27, 2013 12:25 PM IST
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.
- Jul 24, 2013 04:10 PM IST
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.
- Jun 04, 2013 05:03 PM IST
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.
- May 02, 2013 08:04 PM IST
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.
- Mar 19, 2013 04:22 AM IST
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.