Experts have a view that the rising interest rates scenario is going to impact negatively on home buyers’ attitude.
August 24, 2022After dropping interest rates down to historic low levels during the Covid-19 pandemic, the Reserve Bank of Australia (RBA) has lifted interest rates by 0.25 to 0.35 per cent, the first rise since 2010, in an effort to calm growing inflation.
May 4, 2022The rich can borrow cheaply because they have collateral,whereas the poor pay much higher interest rates because of higher credit risks
August 28, 2021ICICI Bank, in a regulatory filing on Tuesday, announced it has cut interest rate.
June 3, 2020This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
April 4, 2019Taking a swipe at the Centre, West Bengal Chief Minister Mamata Banerjee on Tuesday accused the Narendra Modi government of reducing interest rates on employee provident fund and small savings for what she said was to “compensate for the loss incurred due to looting by a few people”. “Rate of interests on PF, small savings, …
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February 20, 2018The District Consumer Redressal Forum here has rejected four complaints against the State Bank of India (SBI) pertaining to the interest rate on personal loans. Forum’s president Sneha Mhatre and member Madhuri Vishwarupe recently held that SBI’s Thane main branch was right in recovering the difference in the interest rate on the personal loan as …
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December 15, 2017The monetary policy committee of the Reserve Bank of India is expected to cut policy rates by 25 bps in August on weak growth and benign inflation, says a Bank of America Merrill Lynch (BofAML) report. “We estimate that old series GDP growth, at 4.5-5 per cent, well below our estimated 7 per cent potential/trend. …
Continue reading "‘RBI may go for 25 bps rate cut in August’"
April 10, 2017In its bi-monthly monetary policy review, the Reserve Bank of India (RBI) on Thursday kept key repo rate or lending rate unchanged at 6.25 per cent but hiked reverse repo rate by 25 basis points (bps) to 6 per cent. The Reserve Bank also narrowed policy rate corridor, due to liquidity flush, by increasing marginal …
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April 6, 2017Large lenders have smartly cut their base rates to slow down the borrowers from switching to marginal cost of fund based lending rate (MCLR) and in the process protect their margins, said investment banking firm Jefferies. In a statement issued on Thursday Jefferies said State Bank of India (SBI) and HDFC bank have reduced their …
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April 6, 2017The Reserve Bank of India (RBI) is expected to maintain its key lending rates at its first bi-monthly monetary policy review of this fiscal due on Thursday. At its last policy review of the previous fiscal in February, the RBI had kept its repo or short term lending rate for banks unchanged at 6.25 per cent, …
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April 4, 2017The government has lowered interest rates on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, a move that would prompt banks to cut their deposit rates. For April-June, these have been lowered by 0.1 per cent across the board compared to January-March. However, …
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March 31, 2017The government has lowered interest rates on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, a move that would prompt banks to cut their deposit rates. For April-June, these have been lowered by 0.1 per cent across the board compared to January-March. However, …
Continue reading "Govt slashes small saving schemes interest rates by 0.1%"
March 31, 2017Falling growth in loans is making banks to look at the possibility of lowering the interest rates on savings bank accounts so as to improve their pre-provision operating profits, investment banking firm Jefferies said. In an industry note on Indian banking sector about the concerns of investors after the US roadshows, Jefferies said: "Falling loan …
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March 28, 2017New Zealand's central bank held its official cash rate (OCR) at a historic low of 1.75 per cent on Thursday, citing major challenges in the global economy. Macroeconomic indicators in advanced economies have been positive over the past two months, but major challenges remained with ongoing surplus capacity in the global economy and extensive geo-political …
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March 23, 2017India's rate cutting cycle has come to an end and policy rates are likely to be on hold throughout 2017 as inflation is expected to stay above the Reserve Bank's target, says a Nomura report. The minutes from the Reserve Bank's February 8 policy meeting shows that focus has shifted to lowering inflation towards the …
Continue reading "RBI’s policy rates to stay on hold throughout 2017: Report"
February 23, 2017India's rate cutting cycle has come to an end and policy rates are likely to be on hold throughout 2017 as inflation is expected to stay above the Reserve Bank's target, says a Nomura report. The minutes from the Reserve Bank's February 8 policy meeting shows that focus has shifted to lowering inflation towards the …
Continue reading "RBI’s policy rates to stay on hold throughout 2017: Report"
February 23, 2017