INTEREST RATES

PPF to fetch 7.1%, NSC 6.8% as govt slashes small savings schemes interest rates

Rates of these schemes have been slashed by between 70 bps and 140 bps for the Apr-June quarter.

These banks have cut interest rates on loans

For instance, Bank of Baroda announced that it has reduced its repo-linked lending rate (BRLLR) by 75 bps with effect from March 28, 2020.

Small savings rate cuts make banking & PSU debt funds attractive

​​For those in the high tax bracket, if they hold these funds for more than three years, these products will also get indexation benefits, ...

RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions

Fitch Solutions said an easing of inflation back within the RBI's 2-6 per cent target range will provide room for the RBI to ease monetary ...

Small savings rate cuts make banking & PSU debt funds attractive

Investors looking for higher returns post the sharp cut of interest rates in small savings products and bank deposits by up to 140 basis po...

Rate cut on small savings will add to people’s woes: Congress

The rate cut came after the Reserve Bank of India recently reduced its key lending rate by 75 basis points to counter any economic fallout ...

‘Not interest in any shortcuts’: Sebastian Vettel wouldn’t give his younger self advice

According to the four-time world champion, everything in his career - success and failure - happened for a reason.

Moratorium plan: Borrowers unlikely to get significant gains; banks to charge interest later

The accrued interest will be collected by the lender in the form of additional EMIs.

Gold rate fall as profit booking continues; silver jumps

The Indian spot gold markets remained shut on Tuesday due to countrywide lockdown to control COVID-19, according to HDFC Securities.

Moody's changes outlook on Indian banks to negative

Moody's expects deterioration in banks' asset quality due to disruption in economic activity from the coronavirus outbreak.

GJEPC urges RBI to make special announcement for relaxing the interest rates and margins applicable on export finance

It urges RBI to provide interest subvention in this situation across all sectors for traders and manufacturers up to 5% and permit extensio...

Moratorium on loan EMIs, credit card dues will have an interest cost

People have a lot of misconceptions about what has been promised. Keep these things in mind when you make financial decisions basis the ann...

Long unwinding sends open interest of index futures to five-year low

The futures OI slipped to 199,434 contracts on the NSE, the lowest since November 2015.

Government to offer interest sops even if farmers fail to repay till May 31

"In order to ensure that farmers do not have to face the situation of paying penal interest and they can continue getting the benefit of sh...

FM Nirmala Sitharaman asks banks for "quick transmission" of slashed interest rate as RBI cuts key lending rate

The Finance Minister welcomed RBI Governor Shaktikanta Das' statement that the macro economic fundamentals of the Indian economy are sound,...

PNB, IOB cut lending rates by 75 basis points

"We have decided to pass on the full benefit of the recent RBI's policy rate cut of 75 bps to our borrowers covered under external benchmar...

How high is the kill rate of Covid-19? Here's what a new study found

The death rate for coronavirus could be significantly lower than what was previously thought, a new study has found.