Oct 17, 2021 03:09 PM IST
With this cut, the interest rate on home loans starts at 6.50 percent against earlier 6.85 percent, and at 6.85 percent against 7.35 percent prior on vehicle loans, the bank said in a release.
- Oct 07, 2021 02:36 PM IST
Bank of Baroda has cut its home loan rates from 6.75 percent to 6.50 percent to gain from the festive season and increased demand for housing
- Oct 07, 2021 10:23 AM IST
Loans carry interest rates of 6.75-7.15 percent
- Oct 06, 2021 02:35 PM IST
The decision of the six-member Monetary Policy Committee (MPC) would be announced on Friday by RBI Governor Shaktikanta Das on Friday.
- Oct 03, 2021 01:20 PM IST
The Reserve Bank had last cut repo rate by 40 basis points in May 2020 to 4 percent to spur demand in the COVID-hit economy. Since then, the RBI has refrained from taking any action on interest rates.
- Sep 29, 2021 11:00 AM IST
Spot gold rose 0.4% to $1,740.19 per ounce by 0330 GMT. On Tuesday prices fell to their lowest level since Aug. 11 to $1,726.19.
- Sep 23, 2021 07:22 AM IST
The swifter pace of interest rate hikes from policymakers’ last set of projections in June comes amid the fastest economic recovery in U.S. history after a brief recession last year and robust debate at the Fed about balancing its maximum employment and 2% average inflation goals.
- Sep 20, 2021 08:03 PM IST
"The move to reduce interest rates by few banks is encouraging and will create competitive housing finance options for the home buyers and eventually will pave the way for robust housing demand,” said Jayesh Rathod, Executive Director, The Guardians Real Estate Advisory.
- Sep 17, 2021 10:49 AM IST
In the backdrop of RBI's status quo on policy rates and banks' concessional interest rates on home loans during the festive season, it is time for those who are paying substantially higher rates to switch lenders
- Sep 16, 2021 03:25 PM IST
Michel Patra also defended the RBI's decision of creating an asymmetrical liquidity corridor by cutting the reverse repo rate as a measure taken because of the impact of the COVID pandemic which will be normalised as time passes.
- Aug 26, 2021 12:59 PM IST
The Central Bank of Korea raised its key rate to 0.75 percent from a record low 0.5 percent -- where it had been since May 2020 -- with officials asserting the economy was experiencing a "sound recovery".
- Aug 23, 2021 03:10 PM IST
Balance transfer of loan is the process where a homebuyer transfers his outstanding principal amount to another bank or financial institution to get a better rate of interest.
- Aug 03, 2021 12:11 PM IST
To help the economy through the hard times caused by the pandemic, the RBI has maintained excess rupee liquidity in the banking system with the daily surplus currently exceeding 6 trillion rupees ($80.78 billion).
- Jul 12, 2021 12:17 PM IST
Investors wonder how the headwinds to the global recovery warrant such a move down in yields
- Jul 05, 2021 08:11 AM IST
While the headline June job creation figure beat forecasts, unemployment ticked higher, workforce participation didn’t budge and the pace of hourly earnings growth slowed - suggesting rate rises could be further away than markets have come to fear.
- Jul 01, 2021 08:58 PM IST
The government has kept the interest rates of small savings schemes unchanged for the September quarter. As an increasing number of Indians opt for safety and security of small savings schemes in comparison to higher returns of risky stock market and market-led schemes, Moneycontrol analyses the importance of these savings schemes and why their interest rates are such a big deal.
- Jul 01, 2021 12:23 PM IST
The government’s small savings schemes compete with bank deposits and any change in their rates has an impact on banks’ ability to price deposits.
- May 31, 2021 11:43 AM IST
Fixed deposit rates: State Bank of India (SBI), ICICI Bank, HDFC Bank and Kotak Mahindra Bank offer FD tenures ranging from 7 days to 10 years.
- May 26, 2021 05:31 PM IST
If you are wondering what is the fuss about inflation, here is a primer on what high prices mean for the global and Indian stock markets.
- May 24, 2021 09:59 AM IST
Gold loans are the best bet if you are looking for a short-term loan and have clarity on how soon you will be able to repay.
- May 20, 2021 03:12 PM IST
Senior citizens special fixed deposit: The regular FD schemes offer an additional 50 basis points (bps) to senior citizens.
- May 10, 2021 09:44 AM IST
From May 1, IDFC First Bank also lowered its interest rates on the savings account.
- May 07, 2021 09:13 AM IST
Axis Bank has revised interest rates on fixed deposits (FDs) with effect from May 6.
- May 05, 2021 02:41 PM IST
A bank customer is eligible for overdraft facility against its bank FD. This feature of the bank FD helps investor raise fund during financial emergency.
- Apr 30, 2021 03:40 PM IST
Depending on the account, the minimum average quarterly balance (AQB) varies. The AQB must be Rs 5,000 and Rs 50,000 in urban areas for Standard Savings Account and Premium Savings Account respectively.