INTEREST RATES

India inflation staying above 6% seen as risk to rates path

Any rate hike proposed as a remedy risks snuffing out a nascent recovery in Asia’s third-largest economy, the person said.

With cheaper home loan, SBI out to give HFCs a run for their money

SBI aims to leverage its low cost of borrowing, which allows it to offer very competitive interest rates.

High-income PF lovers not to get 8.5% gains

Effective interest earned will fall sharply, particularly for those in topmost income slabs. The return falls marginally to 8.06% for someo...

PPF stays out of tax on EPF interest

“The cap is not applicable on PPF because there is already a limit of ₹1.5 lakh contribution in a year to PPF,” the official said. The gove...

Delhi Cooperative Housing Finance Corporation Limited to reduce interest rates on home loans

Cooperative Minister Rajendra Pal Gautam said that Delhi government has given a big relief to Delhi residents by reducing loan interest rat...

Delhi Cooperative Housing Finance Corporation slashes interest rates on housing loans

"With the directions of the Delhi government, the rate of interest for Delhiites to take housing loans has been reduced from 7.45 per cent ...

Canara Bank reduces interest rates on loans/advances by 10 bps for overnight, 1-month tenors

The Overnight and One-Month MCLR is now 6.70 per cent, Three- Month MCLR 6.95 per cent, Six-Month MCLR 7.30 per cent, and One Year MCLR 7. ...

Nifty at 15,000 at 4% interest rate equals 13,000 at 8% rate: Porinju Veliyath

Most analysts say the market is fully priced even on 2022-23 earnings.

EMIs to remain low; buy G-Secs directly: What RBI announcements mean for you

The rates have been kept at a record low, and some of the current lending schemes have been extended to fuel growth.

Tax on EPF interest will not impact these salaried people

If your current basic salary is up to Rs 1,73,611 per month and you are not contributing to VPF then you do not need to worry about the tax...

Realty industry hails RBI move to keep policy rate unchanged; expects low home loan rate regime to continue

RBI Governor Shaktikanta Das said the MPC (Monetary Policy Committee) voted unanimously to leave the policy repo rate unchanged at 4 per ce...

Interest rates on FDs, loans may go up due to CRR hike in coming months

The RBI has announced that it will start raising the CRR rate from 3% to 4% within the next 4 months. This increase of CRR will happen in t...

RBI repo rate kept unchanged: What FD investors, home loan borrowers can do now

With no change in the repo rate and reverse repo rate by the central bank, the likelihood of an immediate reduction in borrowers’ loan equa...

RBI likely to maintain status quo on interest rate, say experts

The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announce...

Improved monetary policy transmission brings down interest rate for borrowers: Survey

Due to the pandemic, initiation of corporate insolvency resolution process (CIRP) was suspended for any default and the suspension along wi...

Federal Reserve keeps interest rates near zero amid pandemic

The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recove...

Robinhood cuts margin interest rate to 2.5%

The rate cut is part of the company's overall goal to lower the cost of investing, Robinhood said in a statement, and is the latest competi...