Interest Rate | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 12:37 PM IST

interest rate Page-8

Bank is introducing two-tier saving bank interest rate with effect from July 31.

SBI cuts saving account rate by 0.5 pc on balance upto Rs 1 cr

SBI said revision of saving bank rate will enable the bank to maintain MCLR at existing rates.

31 Jul 2017 1:29 PM

In its last meeting, the Monetary Policy Committee had refused to slash interest rate citing risk of increase in inflation.

Loans may get cheaper as RBI set to cut rates

The government has also been pushing for a rate cut to give a boost to economic activity and encourage private investment.

31 Jul 2017 6:51 AM

Reserve Bank is likely to cut the benchmark lending rate by at least 0.25 per cent in its third bi-monthly monetary policy.

RBI likely to cut rate on Aug 2 as inflation hits record low

A rate cut will give a push to credit growth which has been sluggish from last many quarters.

30 Jul 2017 1:25 PM

Repo rate cut in its policy review meet on Aug 2 as inflation is likely to have reached a new normal of 4 per cent.

RBI to cut repo rate by 25 bps on August 2: HSBC

According to the global financial services major inflation in India has fallen dramatically.

27 Jul 2017 1:42 PM

DCB Bank has revised downward its MCLR across tenors with overnight loans attracting 8.35 per cent interest rates. (Representational Image)

DCB Bank cuts MCLR rates by up to 0.57 per cent

Banks have switched to MCLR as their new benchmark lending rate from June last year.

18 Jul 2017 7:27 PM

MPC headed by RBI Governor Urjit Patel will meet on August 1-2 for the third bi-monthly monetary policy review of 2017-18.

Pressure mounts on RBI to cut policy rate: Experts

MPC in its previous review in June had retained the repo rate at 6.25 per cent

16 Jul 2017 12:21 PM

Commerce and Industry Minister Nirmala Sitharaman.

Govt wants to revive small savings: Sitharaman

Interest rate has come down to maximum 7.6 per cent in post office schemes, a major destination of small savings.

07 Jul 2017 7:26 PM

SBI now has the lowest interest rate on one-year deposits. (Representational Image)

What SBI interest rate-cut to 6.75 per cent means for your deposits

SBI's deposit rate is currently the lowest in the Indian banking sector for one-year deposits up to Rs 1 crore.

05 Jul 2017 1:06 PM

Indian Bank is one among the 25 banks authorised by GST Council for collection of GST.

Indian Bank revises interest rates in FCNR(B) deposits

Revised interest rates have been fixed at 2.43 per cent for deposits of one year and above.

04 Jul 2017 6:37 PM

The one for girl child savings, Sukanya Samriddhi Account Scheme, will offer 8.3 per cent annually, from 8.4 per cent at present.

Govt slashes small savings rates by 0.1 per cent

The investment on 5-year Senior Citizens Savings Scheme will yield 8.3 per cent.

30 Jun 2017 5:34 PM

Dena Bank said it has passed on benefit of RBI's risk weight reduction to customers.

Dena Bank slashes home loan interest rates

For loans up to Rs 75 lakhs, the rate (marginal cost of funds based lending rate) is 8.60 per cent/ per annum.

16 Jun 2017 9:40 AM

RBI's moves are credit negative for banks because lower capital requirements will weaken banks protection from the housing sector.

Risk weights cut on home loans credit negative for banks: report

RBI lowered the risk weight for housing loans above Rs 75 lakh to 50 per cent from the earlier 75 per cent.

15 Jun 2017 3:25 PM

WPI inflation is expected to record a sharp decline to sub-2 per cent in June 2017.

Rate cut call gathers steam after inflation eases

RBI to ease interest rate, highlighting the need to boost investment for creation of jobs.

14 Jun 2017 3:35 PM

RBI may ease rates, hinting banks to cut lending rates: BofAML

RBI rate cuts will likely endanger the much-needed bank lending rate cut before the busy industrial season sets in October.

09 Jun 2017 4:56 PM

RBI keeps key rate unchanged; cuts SLR, lowers GDP projection

RBI cut the economic growth projection to 7.3 per cent for the current fiscal from 7.4 per cent earlier.

07 Jun 2017 3:09 PM

The moves comes a week after the country's largest lender SBI cut its rates by up to 0.25 per cent for loans of under Rs 30 lakh.

Axis Bank cuts home loan rates by 0.30 per cent

The rate cuts will help more people to realise their dream of having a home.

18 May 2017 2:11 PM

With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry.

ICICI Bank cuts home loan rate by 0.3 per cent

Salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent.

15 May 2017 4:07 PM

New rate reduction of 25 per cent for women will be for the salaried borrowers and for the non-salaried, it will be 20 bps cut.

SBI cuts affordable home loan rates by 0.25 per cent

Under the new government scheme, loans under Rs 30 lakh qualify for affordable housing.

08 May 2017 3:30 PM

Stock of Indian Bank closed 3.52 per cent higher at Rs 347.40 on BSE.

Indian Bank to cut base rate by 0.20 pc from May 7

Bank has reduced the base rate from 9.65 per cent to 9.45 per cent.

05 May 2017 10:36 AM

RBI to hold key rate next month; cut 25 bps in August

A rate cut would help attract foreign portfolio investors (FPI) in equity flows by supporting growth.

03 May 2017 2:48 PM

8 of 9

Columns

Dilip Cherian