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Articles for Bps, search results for banks

Mint Primer: Why are banks issuing fewer credit cards?
3 weeks, 6 days ago

Mint Primer: Why are banks issuing fewer credit cards?

Live Mint  

In October, banks added 0.79 million credit cards, compared with 1.69 million last October. HDFC Bank added the most, followed by State Bank of India, which issues credit cards through subsidiary SBI Card, and ICICI Bank. A banker in charge of credit cards said lenders have decided to go slow on credit card issuances as they look to enhance entry …

Bank Credit Card Credit Cards Cards Banks Sbi Kotak Mahindra Bank
Central Bank's new framework can shave 10-30 percentage points off bank LCRs
4 months, 3 weeks ago

Central Bank's new framework can shave 10-30 percentage points off bank LCRs

New Indian Express  

MUMBAI: The proposed higher mark-ups that the Reserve Bank is seeking from banks in the draft liquidity coverage ratio framework will impact the LCRs by 10-30 percentage points, thus reducing the cushion now available with banks over the regulatory requirement of 100 percent such ratio. In an analysis of 31 banks, Crisil ratings shows aid the near-term impact on credit …

Impact Bank Banks Many Banks Deposits Proposed Lcrs
Banks to see margin pressure amid hike in deposit rates: Jefferies
1 year, 3 months ago

Banks to see margin pressure amid hike in deposit rates: Jefferies

Live Mint  

With the rising interest rate environment, most Indian banks are likely to see some pressure on their net interest margins over the next two to three quarters. Since December 2021, most Indian banks have taken a 170-210 basis points hike in their term deposit rates, with larger private banks and State Bank of India taking hikes of around 170-210 bps, …

Indian Bank Hike Banks Higher Deposit Jefferies
Banks’ margin party is drawing to a close
1 year, 5 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

Banking Rbi Rates Banks Deposit Deposit Rates Nim
Bank deposit rates: How the tide turned, in charts
1 year, 7 months ago

Bank deposit rates: How the tide turned, in charts

Live Mint  

Banks are increasingly paying more on deposits, reversing months of their trend of making loans costlier in response to repo rate hikes but slacking away on rewarding savers. Mint explains: Since May 2022, deposit rates have increased 113 basis points, compared to 100 bps for loan rates, a Mint analysis shows. This means that for every percentage point increase in …

Bank Banks Bps Rate Hikes Deposit Rates Lending Rates
This 85 year old private sector lender trims FD rates by up to 50 bps effective from today
1 year, 8 months ago

This 85 year old private sector lender trims FD rates by up to 50 bps effective from today

Live Mint  

Founded in 1938, Jammu and Kashmir Bank is one of India's oldest private sector banks and a scheduled commercial bank. Jammu and Kashmir Bank FD Rates The bank has slashed interest rates on fixed deposits of less than ₹2 Cr maturing in the next 7 days to 30 days by 50 basis points from 3.50% to 3.00%, and Jammu and …

Interest Rates Interest Jammu Rate Rates Deposits Fd Rates
HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here
1 year, 8 months ago

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

Live Mint  

HDFC Bank, one of India's leading banks, has recently announced a reduction in its Marginal Cost Based Lending Rate for specific tenures by up to 85 basis points. The overnight MCLR has been reduced by 85 basis points, now standing at 7.80 per cent compared to the previous rate of 8.65 per cent. Additionally, the one-month MCLR has been lowered …

Bank Cent Rate Points Hdfc Bank Basis Mclr
Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt
1 year, 8 months ago

Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt

News 18  

Post office term deposits, which were fetching lesser returns than bank FDs in the recent past, have again become competitive with the government effecting three back-to-back increases in interest rates on small savings schemes. The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks …

Bank Interest Rates Interest Small Savings Schemes Term Cent Rbi
Amid banking turmoil, Fed and BoE policy to dictate market sentiment next week
1 year, 9 months ago

Amid banking turmoil, Fed and BoE policy to dictate market sentiment next week

Live Mint  

Indian market witnessed a mixed performance in the current week with US and Europe banks' turmoil majorly impacting sentiments globally. Domestic equities started the week that ended on March 17 in red due to banks' contagion fear after the collapse of Silicon Valley Bank and Signature Bank but eased in the last two trading sessions as some liquidity lifeline was …

Global Markets Indian Bank Fed Points Sensex
PNB Raises Fixed Deposit Rates By Up To 30 Bps. Check Latest FD Rates Here
1 year, 10 months ago

PNB Raises Fixed Deposit Rates By Up To 30 Bps. Check Latest FD Rates Here

ABP News  

After banks raised fixed deposit rates, Punjab National Bank also raised FD rates) on select tenures on Monday. FDs maturing between 667 days and 2 years will get an interest rate of 6.80 per cent. The bank is now offering an interest rate ranging from 3.5 per cent to 7.25 per cent on deposits maturing in 7 days to 10 …

Bank Interest Rates Interest Senior Citizens Cent Rate Rates
SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
1 year, 10 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 …

Bank Interest Senior Citizens Rate Rbi Deposit Sbi
RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 10 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 …

Inflation Loans Loan Home Loans Interest Home Loan Hike
How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 10 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 …

Loan Interest Rbi Interest Rate Emi Repo Rate Banks Hike
Bank FD: ICICI Bank vs HDFC Bank vs SBI; Check Comparison of Latest Interest Rates
1 year, 11 months ago

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

News 18  

Even as the RBI has raised interest rates multiple times in the past few months to control inflation, banks are also increasing interest rates on their loan and deposit offerings. Here’s the comparison of the current fixed deposit interest rates offered by three lenders ICICI Bank, SBI and HDFC Bank on deposits below Rs 2 crore: Latest FD rates below …

General Bank Interest Rates Senior Citizens Public Cent Citizens
Bank of Baroda to hike MCLR by up to 35 bps, effective 12 Jan
1 year, 11 months ago

Bank of Baroda to hike MCLR by up to 35 bps, effective 12 Jan

Live Mint  

State-owned Bank of Baroda on Tuesday increased the marginal cost of funds-based lending rates by up to 35 basis points across tenors. The overnight MCLR rate has been revised upward by 35 basis points to 7.85 per cent, while that of one month tenure has been hiked by 20 basis points to 8.15 per cent, the bank said. Among others, …

Bank Cent Rbi Rates Deposit Bob Mclr
Senior citizens alert! interest rates go up on small savings schemes
1 year, 11 months ago

Senior citizens alert! interest rates go up on small savings schemes

Live Mint  

Investors in small savings schemes have a reason to rejoice, especially if they are senior citizens. Interest rates on five small savings schemes—Senior Citizen Savings Scheme, National Savings Certificate, Monthly Income Savings Scheme, Kisan Vikas Patra and post office time deposits—have been hiked by 20-110 basis points for the January-March quarter. The 8% interest rate on SCSS is higher by …

Tax Office Interest Rates Small Savings Schemes Senior Citizens Rate Rates
Kotak Mahindra Bank Hikes Interest Rates On Recurring Deposits By Up To 75 bps; Details Here
1 year, 11 months ago

Kotak Mahindra Bank Hikes Interest Rates On Recurring Deposits By Up To 75 bps; Details Here

News 18  

Even as the interest rates in India is on the higher side and still rising, banks are also passing on the high interest rate regime effect to people. After the latest revision, Kotak Mahindra Bank is now offering an interest rate of 7 per cent per annum on recurring deposits on tenures between 15 months and 21 months. Kotak Mahindra …

Bank Interest Rates Interest Cent Rate Citizens Senior
FD rates to get more attractive? RBI’s 35 bps rate hike makes a case
2 years ago

FD rates to get more attractive? RBI’s 35 bps rate hike makes a case

Live Mint  

Once again, depositors are in for a treat and the reason would be RBI's 35 basis points rate hike on Wednesday for December policy. However, this time, the transition of 35 basis points repo rate hike to FD rates is expected to be on a slower pace. RBI governor Shaktikanta Das in the policy meeting said, "the pace of transmission …

Policy Inflation Hike Rate Rbi Rates Banks
Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do
2 years ago

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do

News 18  

RBI MPC Meeting December 2022: The Reserve Bank of India has increased the repo rate by 35 basis points to 6.25 per cent in its December Monetary Policy Committee meeting. Atul Monga, CEO and co-founder of BASIC Home Loan, said: “An increase in interest rates will be felt especially by the new borrowers, existing borrowers will not usually be affected …

Impact Loans Loan Home Loans Interest Rates Home Loan Increase
RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive
2 years ago

RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive

India TV News  

The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index based …

Cent Rbi Rate Hike Lending Rate
If not 50 bps, then by how much RBI should hike repo rate in Dec policy meet?
2 years ago

If not 50 bps, then by how much RBI should hike repo rate in Dec policy meet?

Live Mint  

RBI is an inflation trajectory central bank and its policy outcomes surround the performance of the consumer price index. Since May this year, RBI has hiked the repo rate by a whopping 190 basis points, all done for taming a stubbornly multi-year high inflation. In its latest November 2022 bulletin, RBI said, "With headline inflation beginning to show signs of …

Policy Inflation Hike Rate Rbi Cpi Remains
Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike
2 years, 1 month ago

Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike

The Hindu  

All major banks have increased their external benchmark-based lending rates by 190 basis points in tandem with the hike in the Reserve Bank's policy repo rate since May this year, though they have been slow in raising the deposit rates. The RBI's Monetary Policy Committee, which makes recommendations to the central bank regarding interest rates, is set to meet again …

Rbi Rates Banks Increase Deposit Increased Lending Rate
Axis Bank hikes interest rates on fixed deposits (FDs) by up to 115 bps
2 years, 1 month ago

Axis Bank hikes interest rates on fixed deposits (FDs) by up to 115 bps

Live Mint  

Axis Bank, one of India's leading private sector banks, increased interest rates on fixed deposits below ₹2 crore. Axis Bank is now offering interest rates on deposits maturing in 7 days to 10 years that range from 3.50% to 6.50% for the general public and 3.50% to 7.25% for senior citizens. Deposits maturing in 18 Months to 2 years will …

Bank Interest Rates Interest Fixed Deposits Senior Citizens Rate Rates
Axis Bank hikes MCLR rates by 25 bps across tenors
2 years, 2 months ago

Axis Bank hikes MCLR rates by 25 bps across tenors

Live Mint  

Private lender Axis Bank on Tuesday said it has increased the marginal cost of funds based lending rates by 25 basis points across tenors with immediate effect. Axis Bank in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022. The hike in …

Bank Cent Rbi Axis Mclr Repo Lending Rates