SBI’s large savings bank account rate, some loan rates get revised: 5 points
5 years, 5 months ago

SBI’s large savings bank account rate, some loan rates get revised: 5 points

Live Mint  

The interest rate on SBI's large savings accounts will automatically come down as the Reserve Bank of India cut its repo rate by 35 basis points to 5.4%. On the other side, the interest charged by SBI on short-term loans like overdraft and cash credit facility and a repo rate linked home loan product will also go down. From May this year, SBI had switched to a new interest rate regime on large savings accounts as well as short-term loans like overdraft and cash credit facility, linking them to RBI's repo rate. SBI's large savings accounts will offer an interest rate which is 275 bps below repo rate.

Loan Interest Rate Rbi Account Accounts Sbi Repo Repo Rate Savings Bank  accounts  rbis  repo  lakh  rate  overdraft  account  revised  loan  points  sbis  savings  bank  sbi  interest  rates  large

History of this topic

Personal loans: Impact of rate cuts on different types of loans – An explainer
1 week, 3 days ago

Personal loans: Impact of rate cuts on different types of loans – An explainer

Live Mint  

Early this year, the Reserve Bank of India is expected to cut down benchmark interest rates. This means when repo rates are cut, depositors will earn lower rates on their deposits and borrowers will be able to withdraw money at lower interest rates. Personal loan Banks generally charge interest from borrowers based on marginal cost of funds-based lending rate which …

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal
4 weeks, 2 days ago

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal

The Hindu  

State Bank of India home and home-related loan disbursements this fiscal in Telangana raced past the ₹10,000 crore mark in the eight months ended November, SBI Hyderabad Circle said on Monday. Besides home loan, SBI has a wide range of related products such as personal loan against property ; home loan top-up; Maxgain -Hybrid; and NRI home loan which are …

Changes to India’s repo rate since June 2000
1 month, 1 week ago

Changes to India’s repo rate since June 2000

Live Mint  

MUMBAI - The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but cut the cash reserve ratio that banks …

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das
1 month, 1 week ago

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das

Firstpost  

RBI Governor Shaktikanta Das has announced that the Monetary Policy Committee has decided to keep the repo rate, the interest rate at which RBI lends to banks, unchanged at 6.5% The new monetary policy committee of the Reserve Bank of India, led by Governor Shaktikanta Das, will announce the policy interest rate today, which currently stands at 6.5 per cent.File …

RBI keeps repo rate at 6.5% for 11th time in a row
1 month, 1 week ago

RBI keeps repo rate at 6.5% for 11th time in a row

Hindustan Times  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%, RBI Governor Shatikanta Das announced on Friday. Further, Das notified that the central bank's projection of India's Gross Domestic Product growth for the ongoing financial year now stood at 6.6%, down from the earlier estimate of 7.2%. Das said, “Growth …

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details
2 months ago

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

Live Mint  

State Bank of India has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. New lending rates with effect from Nov 15 Tenures Existing rate New rate Over night 8.20 8.20 One month 8.20 8.20 Three month 8.50 8.55 Six month 8.85 8.90 One year 8.95 9.00 Two years 9.05 9.05 Three years 9.10 9.10 …

At India’s largest bank, all eyes on premium customers
2 months, 1 week ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

RBI MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable
3 months ago

RBI MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable

ABP News  

The Reserve Bank of India has decided to maintain the repo rate at 6.5 per cent. After assessing the evolving macroeconomic and financial conditions and the outlook, the MPC decided by a majority of 5 out of 6 members to keep the policy repo rate unchanged at 6.50 per cent. Until then, EMIs will remain at current levels.” “The committee …

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase
4 months, 4 weeks ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle  

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
5 months ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here
5 months ago

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here

News 18  

Home Loan Interest Rate Comparison 2024: Navigating the home loan market can be challenging, especially with interest rates that can fluctuate and significantly affect your long-term financial plans. Home Loan Interest Rate Comparison Below is the list of floating interest rates of various banks; SBI Home Loan Interest Rates The State Bank of India offers multiple options for home loans. …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
5 months, 1 week ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance
5 months, 1 week ago

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance

News 18  

RBI has kept the benchmark interest rate unchanged for the 9th time in a row at 6.5%. Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep the repo rate unchanged. RBI MPC Meeting LIVE Updates “Inflation and growth are evolving in a balanced manner, though …

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time
5 months, 1 week ago

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

Deccan Chronicle  

In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent. The central bank's commitment to bringing inflation down to its 4 per cent …

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained
5 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained

Hindustan Times  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% for the ninth time in a row, RBI Governor Shaktikanta Das announced on Thursday, August 8, 2024. "The Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. The RBI governor said that food prices are likely to …

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase
7 months ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News  

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers
7 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers

Live Mint  

RBI keeps repo rate unchanged at 6.5%: The Reserve Bank of India's decision to retain the repo rate at 6.5% for the eighth consecutive time ensures economic stability amid global uncertainty and domestic inflation concerns. {{^adFree}} {{/adFree}} "This stability supports the real estate market, making housing more affordable and boosting consumer confidence. With GDP growth projected at 7% in FY25 …

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
9 months, 1 week ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

RBI repo rate decision: What will be impact on home loan EMIs
9 months, 1 week ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31
9 months, 3 weeks ago

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31

ABP News  

The Bank of India, a public sector lender, announced on Tuesday a notable adjustment in its new home loan interest rates, reducing them from 8.45 per cent to 8.3 per cent. Bank of India proudly asserted that at the reduced rate of 8.3 per cent, it stands as the institution offering the lowest rate among its counterparts in the industry. …

SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
10 months, 4 weeks ago

SBI in talks with RBI to lower cash reserve ratio requirement on green deposits

The Hindu  

State Bank of India chairman Dinesh Khara on February 16 said the nation's largest lender is in talks with the Reserve Bank to reduce the cash reserve ratio requirement on green deposits. State Bank of India last month announced a green deposit scheme, a first in the domestic banking, to attract long-term retail deposits to be used only to fund …

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk
11 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk

Hindustan Times  

The Reserve Bank of India on Thursday kept its benchmark repo rate unchanged at 6.5% for the sixth straight time, staying focused on anchoring inflation and boosting growth. “Uncertainty in food prices continues to impinge on headline inflation,” RBI governor Shaktikanta Das said at a briefing in Mumbai. A hike makes borrowing expensive for businesses, limiting money supply and cooling …

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%
11 months, 1 week ago

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

Hindustan Times  

The real estate sector has welcomed the Reserve Bank of India’s decision to keep the repo rates unchanged at 6.5%, saying given that housing prices have risen across most cities in the last one year, this breather by the apex bank gives a distinct advantage to homebuyers as it allows them to continue enjoying low interest rates and improves their …

SBI fixed deposit interest rates hiked. Check latest here
1 year ago

SBI fixed deposit interest rates hiked. Check latest here

Hindustan Times  

Recently, the State Bank of India raised interest rates on fixed deposits of less than ₹2 crore. Representational Image Also, this rate hike by SBI, the country's largest bank and a private sector lender, is applicable on all but three FD tenures: one year to less than two years, two years to less than three years, and five years to …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year, 1 month ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

Not SBI, this public sector bank offers higher FD interest rates; check details
1 year, 2 months ago

Not SBI, this public sector bank offers higher FD interest rates; check details

News 18  

The State Bank of India, the largest public sector bank in the country, is often the first choice for Indians to open Fixed Deposits. To make things easier for investors, we have curated a list of public sector banks that offer best FD interest rates for a 3-year term. Bank of Baroda Bank of Baroda is currently offering the highest …

RBI MPC Decisions: Here's What India's Middle Class Needs To Know
1 year, 3 months ago

RBI MPC Decisions: Here's What India's Middle Class Needs To Know

News 18  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. According to him, the growth …

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?
1 year, 3 months ago

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?

News 18  

RBI MPC Meeting October 2023: Reserve Bank of India on Friday kept the report rate unchanged as was expected from many quarters of the industry. Announcing the decision, RBI Governor Shaktikanta Das said that the monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent unanimously. Overall, we believe that this momentum is projected to persist …

How RBI policy outcome will impact home loan borrowers explained
1 year, 5 months ago

How RBI policy outcome will impact home loan borrowers explained

Live Mint  

The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. The framework will require Regulated Entities to clearly communicate with borrowers for resetting the tenor and/or EMI; provide options for switching to fixed-rate loans or foreclosure of loans; disclose various charges incidental to …

RBI keeps repo rate unchanged in third straight policy meet
1 year, 5 months ago

RBI keeps repo rate unchanged in third straight policy meet

Deccan Chronicle  

Mumbai: The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. RBI Governor Shaktikanta Das on Thursday at a press conference said, "Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50%" RBI typically conducts six bi-monthly …

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank
1 year, 7 months ago

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank

News 18  

Bank of Baroda has revised its interest rates on fixed deposits. Bank of Baroda has hiked rates by 30 basis points on select tenors and customers can now enjoy up to 7.25 percent interest on term deposits below Rs 2 crore. Bank of Baroda’s revised interest rates: The lender is offering 3 percent interest on tenors of 7 to 45 …

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates
1 year, 9 months ago

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past due to the back-to-back repo rate hikes by RBI. Here’s the comparison of fixed deposit interest rates: The RBI MPC in February raised the key repo rate by 25 basis points to 6.50 per …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 9 months ago

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know

Live Mint  

Recently, there has been a massive impact in the home loan Easy Monthly Instalments due to interest rate changes in India. Proportion of interest servicing and principal repayment depends on various factors such as tenure of loan, rate of interest, part payments and number of EMI’s already paid. What it means is that the initially planned EMI of ₹ 62,551 …

RBI may increase repo rate by 25 bps in upcoming monetary policy meeting
1 year, 9 months ago

RBI may increase repo rate by 25 bps in upcoming monetary policy meeting

India TV News  

RBI Monetary Policy Meeting: Various economists have suggested that the Reserve Bank of India's monetary policy committee may increase the repo rate by 25 basis points during the April meeting in order to combat rising inflation. The report suggests that the repo rate is already higher than the optimal requirement by around 25 bps and a repo rate of 6.5 …

SBI hikes recurring deposit rates. Check latest RD rates here
1 year, 11 months ago

SBI hikes recurring deposit rates. Check latest RD rates here

Live Mint  

The country's largest lender State Bank of India has increased interest rates on recurring deposits. SBI Recurring Deposit SBI RD interest rates vary between 6.5%-7% for the general public and an additional interest rate hike of 50 basis points for senior citizens. SBI RD rates effective 15 February 2023 1 year to less than 2 years - 6.80% 2 years …

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
1 year, 11 months ago

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme

India TV News  

State Bank of India has raised its fixed deposit interest rates, effective from February 15, 2023. In addition, SBI has introduced a specific tenure scheme of 400 days, where it is offering a 7.10% interest rate. According to SBI's website, senior citizens can earn an additional premium of 50 basis points over and above the existing 50 bps, i.e., 100 …

SBI’s home loan interest rates change from today, benchmark lending rates up
1 year, 11 months ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint  

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB
1 year, 11 months ago

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

ABP News  

India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …

SBI hikes rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure
1 year, 11 months ago

SBI hikes rates by up to 25 bps on FDs below ₹2 cr; introduces 400 days tenure

Live Mint  

India's largest public sector lender, State Bank of India has hiked interest rates by 5 bps to 25 bps on fixed deposits below ₹2 crore with effect from February 15. General FD rates: SBI has hiked FD rates by 25 bps on 2 years to less than 3 years tenure to 7% from the previous 6.75%. SBI raised FD rates …

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise
1 year, 11 months ago

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise

Live Mint  

The country's largest lender, State Bank of India has hiked the marginal cost of funds-based lending rate by 10 basis points across tenures, making most consumer loans such as auto or home loans costlier for borrowers. The overnight MCLR rate has been revised upward by 10 bps to 7.95 per cent from 7.85 per cent, while that of one month …

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike
1 year, 11 months ago

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Live Mint  

Public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank of India earlier this week. Punjab National Bank announced that it has effected a 25 basis point increase in the repo linked lending rate from 8.75 per cent to 9 per …

RBI hikes repo rate. How will this impact your loan EMIs?
1 year, 11 months ago

RBI hikes repo rate. How will this impact your loan EMIs?

Hindustan Times  

In its first Monetary Policy statement of 2023, the Reserve Bank of India on Wednesday hiked the policy repo rate by 25 basis points to 6.5%. This was the sixth straight hike to the repo rate, which, in December last year, was raised by 35 basis points to 6.25%. The decision to raise the repo rate was approved by a …

RBI repo rate hike: How will it affect fixed deposits (FDs)?
1 year, 11 months ago

RBI repo rate hike: How will it affect fixed deposits (FDs)?

Hindustan Times  

In its first monetary policy decision after the Union Budget 2023, the Reserve Bank of India has hiked the repo rate by 25 basis points. With the raising of key benchmark interest rate by 25 basis points to 6.5 per cent, there will be a direct impact on both bank depositors and new loan borrowers. Currently, top banks, such as …

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 11 months ago

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts

News 18  

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %. Ratan Chaudhary, Head, Home Loans, Paisabazaar, said, “Existing home loan borrowers can either opt for the EMI increase or tenure increase option, with the consent of the lender, as …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 11 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

DBS Bank India Hikes FD Rates, Know Your Returns Now
1 year, 11 months ago

DBS Bank India Hikes FD Rates, Know Your Returns Now

News 18  

During the last 9 months, the Reserve Bank of India has frequently increased the repo rate to control inflation. After the change, the bank is offering interest rates ranging from 2.50 per cent to 6.50 per cent for the general public and 5.25 per cent to 7.00 per cent for senior citizens. With the increment, DBS Bank India is now …

RBI may take repo rate to 6.75% in 2023
2 years ago

RBI may take repo rate to 6.75% in 2023

Live Mint  

The Reserve Bank of India may hike the policy repo rate to 6.75% by next year due to core inflation still being elevated and the US Federal Reserve maintaining a hawkish stance with an outlook for further rate hikes. This means, there is room for at least another 50 bps hike in India's policy repo rate going forward. He added, …

SBI hikes interest rates for fixed deposits less than ₹2 crore
2 years, 1 month ago

SBI hikes interest rates for fixed deposits less than ₹2 crore

Hindustan Times  

The State Bank of India, one of the country's biggest lenders, has hiked its fixed deposit rates for some maturity periods on deposits less than ₹2 crore from today. With this, the fixed deposits maturing between seven days to 45 days are offering interest rates of three per cent, while the ones having maturity period between 46 days and 179 …

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
2 years, 1 month ago

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs

Firstpost  

If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent In order to contain inflation, the Reserve Bank of India has been hiking the repo rate since May. The latest rise in repo rate will cause higher Equated Monthly Installments …

RBI raises repo rate by 35bps to 6.25%, highest since March 2019
2 years, 1 month ago

RBI raises repo rate by 35bps to 6.25%, highest since March 2019

Hindustan Times  

Loans and mortgages will get more expensive with the Reserve Bank of India’s Monetary Policy Committee announcing a fifth consecutive interest rate hike on Wednesday, of 0.35 percentage points, taking the policy rate to 6.25%, the highest since March 2019. RBI has taken up the policy rate by 2.25 percentage points since May, and the tone and tenor of its …

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