News Muncher - searching for interest

2 weeks, 4 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

Policy Growth Inflation Rate Rbi Das Mpc

1 month, 1 week ago

SBI’s core performance soft in Q2FY25

Live Mint

State Bank of India Ltd has reported an impressive jump of 51% year-on-year in its September quarter standalone pre-provisioning operating profit to ₹29,295 crore. Core PPoP is operating profit excluding volatile incomes such as treasury, forex gains, recoveries of past bad loans, etc. Even if there is an interest-rate cut by the Reserve Bank of India, SBI’s management sounded confident …

Growth Loans Income Treasury Crore Core Gains

3 months, 2 weeks ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Policy Data Fed Rate Cut Low Dollar

3 months, 3 weeks ago

Longer-dated yields climb as investors consider recession outlook

Live Mint

* U.S. two-year note auction better than expected * U.S. 2/10 year yield curve inversion narrowest in 3 weeks * Investors await PCE data due Friday By Caroline Valetkevitch NEW YORK, Aug 27 - U.S. Treasury longer-dated yields edged higher on Tuesday, as investors assessed the likelihood that the U.S. economy will be able to avoid a recession, while a …

Treasury Investors Fed Rate Yields Note Yield

4 months, 1 week ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

India Sbi Mclr Pnb Rates 10 Basis Points

5 months, 2 weeks ago

HDFC Bank system upgrade alert: Services to be impacted on July 13

India TV News

HDFC Bank has announced a scheduled system upgrade on Saturday, July 13, 2024, aimed at enhancing performance speed, increasing capacity, and improving overall system reliability. Interest rate hike HDFC Bank has announced an increase in its marginal cost of funds-based lending rates by up to 10 basis points effective July 8, 2024. Other HDFC Bank lending rates Prime Lending Rate: …

Bank Loan Interest Rate Rates Hdfc Bank Hdfc

8 months, 3 weeks ago

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here

Hindustan Times

HDFC Bank increased its repo-linked home loan interest rates by 10-15 basis points to a range between 9.05 percent to 9.8 percent in March. Other major private and public sector banks also offer home loans at interest rates ranging from 8.70 per cent to 10.05 per cent. ICICI Bank offers interest rates for home loans with range from 9 per …

India Bank Home Loans Interest Rates Interest Cent Hdfc Bank

9 months 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. …

Bank Loan Cent Interest Rate Bank Of India Rooftop Solar Panels

10 months, 4 weeks ago

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.

The Hindu

Indian Bank reported standalone net profit for the December quarter rose 52% from the year-earlier period to ₹2,119 crore due to growth in interest income. Net interest income increased 6% to ₹5,815 crore and fee based income by 21% to ₹852 crore. Gross advances of the bank increased by 13% ₹5,09,800 crore, while gross deposits rose 10% to ₹6,54,154 crore. …

Crore Deposit

11 months, 2 weeks ago

PNB hikes fixed deposit rates by up to 50 bps. How they compare with SBI, BoB

Live Mint

Punjab National Bank has revised fixed deposit interest rates on amounts below ₹2 crore. PNB cuts FD rates on this tenure Punjab National Bank has cut FD rates on 444 days by 45 bps from 7.25% to 6.8%. PNB latest FD rates for senior citizens, super senior citizens After the latest revision, PNB offers an interest rate ranging from 4% …

Interest Rates Senior Citizens Citizens Rates Deposit Ten Years Pnb

1 year, 4 months ago

Why are global bond yields rising?

Live Mint

Global bond yields are flaring up to the levels unseen in years, drawing support from strong macroeconomic data that makes a case for continuing with the monetary tightening policy through interest rate hikes. The US treasury yields have climbed almost 40 bps month-to-date amid rising bets that interest rates will remain elevated for longer. However, while the 10-year US yield …

India Inflation Indian Interest Rates Interest Bond Investors

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

1 year, 5 months ago

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates

News 18

The government on Friday hiked interest rates on some small savings schemes for the July-September 2023 quarter. It has increased 10 basis points on 1-year and 2-year post office time deposits to 6.9 per cent and 7.0 per cent, respectively, and raised 30 bps on 5-year recurring deposits to 6.5 per cent, according to an official statement. Latest Interest Rates …

Savings Interest Rates Interest Small Savings Schemes Cent Quarter Rates

1 year, 8 months ago

Despite hikes, small savings scheme rates still to catch up

The Hindu

Despite successive hikes in the interest rates on several small savings instruments in the last three quarters, the returns on five such schemes are still significantly lower than what they should have fetched as per the formula adopted for them. For the current quarter, interest rates on most small savings instruments were raised by 10-70 bps, barring the Public Provident …

Savings Quarter Rbi Rates Small Scheme Returns

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

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

1 year, 8 months ago

Indian Overseas Bank (IOB) revises FD rates, promising up to 7.25% return on 444 days tenure effective from 10th April

Live Mint

Indian Overseas Bank, a public sector lender, has modified the interest rates on fixed deposits under ₹2 crore. After the adjustment, Indian Overseas Bank reduced interest rates on a variety of tenors by up to 50 bps and increased interest rates on a few tenors by up to 40 bps. IOB FD Rates IOB reduced interest rates by 50 basis …

Interest Rates Interest Rate Points Rates Deposits Basis

1 year, 8 months ago

Pause, not pivot, says RBI governor as repo rate stays unchanged at 6.5%

The Hindu

In a surprise move on Thursday, the Monetary Policy Committee of the Reserve Bank of India unanimously decided to keep the repo rate unchanged at 6.50% and to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Addressing a press conference after making his statement on the monetary policy, RBI …

Inflation Financial Stability Rate Rbi Rbi Governor

1 year, 8 months ago

Pakistan central bank raises key interest rate by 100 BPS to record 21%

Op India

On Tuesday, Pakistan’s central bank increased its key interest rate by 100 basis points to a record 21% as the cash-strapped country sought to reduce severe food inflation and keep the trust of foreign creditors. 1/4 Monetary Policy Committee decided to increase policy rate by 100bps to 21% in its meeting today.https://t.co/JeUhdtDFrq pic.twitter.com/6avIFg4S6c — SBP April 4, 2023 The key …

Pakistan Bank Rate Imf Sbp Points Bps

1 year, 8 months ago

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates

News 18

The government has increased interest rates on small savings schemes, including post office time deposit, Senior Citizen Savings Scheme and National Savings Certificate, by up 70 basis points, according to a circular issued by the finance ministry on Friday. According to the circular, the highest interest rate hike was made in the NSC from 7 per cent to 7.7 per …

Savings Office Interest Rates Interest Small Savings Schemes Public Provident Fund Cent

1 year, 8 months ago

Centre hikes interest rates on some small savings schemes by up to 70 bps

Live Mint

The Central Government on 31 March hiked the rate of interests on various small savings schemes including Senior Citizen Savings scheme, Sukanya Samriddhi Account scheme, Monthly Income Savings scheme, National Savings Certificate, Kisan Vikas Patra, and all post office time deposits during the April to June quarter of financial year 2023-24. A look at new interest rates from next month …

Savings Interest Rates Interest Small Savings Schemes Cent Rate Rates

1 year, 8 months ago

Another policy rate hike of 200 bps likely in crisis-hit Pakistan

Live Mint

Pakistan's central bank, the State Bank of Pakistan is likely to increase the benchmark policy rate by 200 basis points to 22% in the monetary policy statement that is scheduled to take place on April 4, 2023. According to a report published by Dawn, a clear indication of the policy rate hike was given in the latest treasury bill auction …

Pakistan Rate Imf

1 year, 9 months ago

ECB sticks to planned 50 bps rate hike despite banking turmoil

Live Mint

The European Central Bank on Thursday carried through with a large interest rate increase to planned 50 basis points as promised to cool the economy and tamp down inflation. How global markets are reacting Wall Street's main indexes opened lower today after shares of First Republic Bank crashed amid fears of a banking crisis, while a large interest rate hike …

Inflation Rate Ecb Bank Svb

1 year, 9 months ago

Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates

News 18

Axis Bank has hiked interest rates on fixed deposit by up to 40 basis points on select tenors on deposits below Rs 2 crore. According to Axis Bank’s website, the lender has hiked interest rate on FD maturing between 13 months and less than two years by 40 basis points from 6.75 per cent to 7.15 per cent. On deposits …

General Interest Rates Interest Senior Citizens Public Cent Citizens

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Articles for Bps, search results for interest

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

SBI’s core performance soft in Q2FY25

Dollar stable, yen wobbles ahead of US inflation data

Longer-dated yields climb as investors consider recession outlook

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

HDFC Bank system upgrade alert: Services to be impacted on July 13

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here

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

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.

PNB hikes fixed deposit rates by up to 50 bps. How they compare with SBI, BoB

Why are global bond yields rising?

Banks’ margin party is drawing to a close

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates

Despite hikes, small savings scheme rates still to catch up

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

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

Indian Overseas Bank (IOB) revises FD rates, promising up to 7.25% return on 444 days tenure effective from 10th April

Pause, not pivot, says RBI governor as repo rate stays unchanged at 6.5%

Pakistan central bank raises key interest rate by 100 BPS to record 21%

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates

Centre hikes interest rates on some small savings schemes by up to 70 bps

Another policy rate hike of 200 bps likely in crisis-hit Pakistan

ECB sticks to planned 50 bps rate hike despite banking turmoil

Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates