Rate Of Interest

After dealing with low interest rate environment, one may see a glimmer of hope for fixed deposit buyers. With the RBI upping interest rates and the likelihood of more hikes in the coming months, banks have started raising interest rates payable on FDs. But is switching to bank FDs a good option? Let's find out.

Five myths about business loans you must steer clear of

It is not difficult to fund your business with borrowed money, but do not fall victim to myths.

Why you should prepay home loan now & ensure long term saving

Pre-payment reduces your interest burden, reduces the tenor of your loan, and ensures long-term savings for you.

Tax free bonds are more attractive than other bonds

In the highest tax bracket it would still make sense to go in for the 6 per cent tax free bond because the final rate that they bear is still higher than what they would face otherwise.

Taking a loan? Here's why knowing your credit score helps

Customers with a good loan repayment track record and strong financials may get loans which are at least 50-75 basis points cheaper than a customer with a bad credit score.

UCO Bank revises lending rates based on marginal cost

For one year loan, the interest rate will be 9.55 percent while for two years it is going to be 9.65 percent, UCO Bank said in a BSE filing.

High Cibil score is your ticket to a lower rate of interest

High credit score ensures that you have a good credit profile, whereas a low credit score means you are not a good customer for the bank.

EPF to earn 8.75% rate of interest for FY2014-2015

Government has decided to retain the interest on EPF at the same level as it was for the previous financial year

Cost of funds lower now; $20 bn FCNR inflows seen: Yes Bank

RBI's measures to promote currency swaps have helped lower the bank‘s cost of funds (or interest costs), says Rajat Monga of Yes Bank.

Returns on post office savings still favourable: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia today justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

NRI dream home in India!

Owning a home is a dream for most of us and thanks to the diverse home loan schemes available to make that dream a reality. How is this different in case of Non- Resident Indians (NRI)?

Bank should ensure end use of crop loans: RBI

Banks should ensure that all crop loans are being used for the stated purpose and there is no diversion of funds, the Reserve Bank said today.

Federal Bank hikes interest rate on term deposits by 25 bps

Kerela-based Federal Bank on Tuesday hiked the rate of interest for one year short term deposit scheme by 25 basis points to 10%. Both resident and non-resident customers can avail this higher rate. The new rate is effective from April 03 onwards.

Federal Bank hikes interest rate on term deposits

Federal Bank has hiked the rate of interest on both - resident as well as NRE term deposits for a period of 1 year to 10% effective from April 3, a statement issued here said.

L&T Hyderabad metrorail costs to escalate by Rs 1500cr

The Rs 16,000 crore L&T Hyderabad metrorail project is facing cost over-runs. Project Managing Director VB Gadgil said the project will most likely witness a cost escalation by Rs 1,500 crore if the current economic scenario continues to prevail, reports CNBC-TV18's Appaji Reddem.