Floating Rates

The proposed framework will enable borrowers to make informed decisions on whether to switch between fixed and floating rate regimes when there is a change in the interest rate

Banks to assess interest on floating rates, says Governor Das

This comes after the central bank proposed to introduce a framework for the reset of interest rates on floating interest loans.

Explained: What floating FD rates mean for banks and customers

Floating rate fixed deposits have been introduced by a few banks but analysts say that it is unlikely many others will follow suit as it could affect profitability.

Banks might look at floating rates on deposits, but will depositors agree?

While banks do offer certain floating interest rate options on deposits, it is not yet prevalent in the market

After ICICI, HDFC offers home loan scheme with fixed rates

To attract more borrowers, mortgage major HDFC today launched the 'Fixed First' scheme under which interest rate for home loans will be fixed for three or five years and thereafter will attract floating rates.

SBI stops teaser rates, sees provision of Rs 580cr in Q4

SBI's managing director Krishna Kumar says teaser schemes are withdrawn due to the heavy provisioning that is required. He sees shift to floating interest rates improving the NIMs of the bank.