Wed, Dec 05, 2018
In a bid to ensure greater transparency, the RBI Wednesday proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans be linked to external benchmarks like repo rate or treasury yields, from April 1 next year.
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Fri, Sep 28, 2018
SBI’s move is expected to trigger revision of rates by other lenders, including HDFC Bank and ICICI Bank. With credit growth picking up and deposit growth slackening, banks are forced to revise lending rates, termed as the marginal cost based lending rates (MCLR).
Tue, Sep 18, 2018
This is a 5-year Post Office Recurring Deposit Account (RD), where a person can begin with a minimum amount of Rs 10 per month or any amount in multiples of Rs 5. There is no maximum limit.
Sun, Nov 26, 2017
Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, he said.
Mon, Oct 02, 2017
Several experts and industry bodies too have made a strong case for lowering of the key interest rate in view of subdued inflation and the urgency to propel economic growth.
Fri, Nov 04, 2016
Sumeet Kariwala, Anil Agarwal, Subramanian Iyer and Rahul Gupta of Morgan Stanley, in a report dated November 3, 2016 said that banks are going through NIM pressure due to lending rate cuts, lower interest rates and rising NPLs.
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