Bank Interest Rate

RBI's growth outlook is optimistic amid global concerns; see 50bps more cut

We expect the GDP growth to print at 6.2 per cent in FY26, marginally below the 6.3 per cent projected by us for FY25, said Aditi Nayar of Icra

Markets Today: US GDP; China LPR; FIIs; Senores & Carraro IPOs; IGI listing

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

Slowing consumer demand, growth risks fuel calls for interest rate cuts

The Reserve Bank of India has kept interest rates unchanged for more than 18 months, with Governor Shaktikanta Das saying last week that food prices remain a worry

Bank of England cuts interest rates from 16-year high as inflation eases

Thursday's decision was in line with the forecast in a Reuters poll of economists but financial markets had only seen just over a 60 per cent chance of a cut

RBI to hold interest rates steady in August, first cut expected in Q4: Poll

A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June

EU Central Bank rates seen firmly on hold, but door to Sept cut still open

Analysts say the rate-setting council will leave a decision on lower rates for the September meeting, after an initial quarter-percentage point cut at the June 6 meeting

Global interest rates chokehold on world economy set to loosen slowly

Geopolitical tension, with conflict between Israel and Iran threatening conflagration in the Middle East, is an additional risk variable

Federal Reserve's decision could lead to interest rate cut in March

'The stage is set for the Fed to take steps toward cutting rates in coming months,' analysts say

Central Bank extends festival offer, aims increasing retail asset book

State-owned Central Bank of India has extended its festival offer for three months till March 31 with a view to increasing its retail asset book. Earlier, the offer was till December 31, 2023. The bank is offering low interest rate, waiver in processing fee and other facilities for customers during this period, Central Bank of India general manager (retail assets) Vivek Kumar said. Cent Grih Laxmi Scheme and Cent Business Scheme are offering the lowest rate of interest across the industry starting from 8.35 per cent. Last week, the bank also held meeting with major real estate developers across Delhi-NCR. About 150 Direct Sales Agents (DSAs) and 50 renowned builders across the region joined the event. He also said that interest rates on most of the products have peaked and there is hardly any scope for further hike. Rates on the liability side have also more or less saturated and liquidity position is within manageable range, he said. On the co-lending model, he said the bank ha

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%

State-owned Bank of Maharashtra (BoM) on Wednesday trimmed its home loan rate by 15 basis points to 8.35 per cent as part of its new year offer to customers. The processing fees are also waived on home loans, BoM said in a statement. This dual benefit of reduced interest rates and waiver of processing fees in home loans is a testament of bank's commitment to offer best financing solutions to all its valued customers and help them fulfil their needs, it said. In the current high-interest rate landscape, bank is making retail loans cheaper to bring in cheer among customers, it said. By introducing this offer, bank is offering one of the lowest interest rates in the banking industry for home loans, it said, adding, the bank has already waived processing fees for home, car and retail gold loans under its 'New Year Dhamaka offer'.

BoJ keeps negative interest rate unchanged, says watching wage trends

The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shift due to price increases that have left inflation above its 2% target. The U.S. dollar gained against the Japanese yen and stock prices surged after Tuesday's decision. The benchmark rate of negative 0.1% is meant to encourage banks to lend more and businesses and consumers to borrow more to spur the economy, the world's third-largest. The central bank also has purchased trillions of dollars worth of government bonds and other assets as part of its strategy of injecting more cash to spur growth as the Japanese population shrinks and grows older. Inflation has risen in Japan but at a much slower pace than in the U.S. and other major economies, most recently at about 3%. At the same time,

Reserve Bank of India allows premature deposit withdrawal up to Rs 1 crore

Banks typically offer higher interest rates on non-callable deposits

BSE Realty index hits 8-month high; Mahindra Lifespace, DLF soar up to 7%

Since April, in past one-and-half months, the S&P BSE Realty index has rallied 21 per cent, as compared to 5.8 per cent rise in the S&P BSE Sensex.

SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy

An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent

Banks' net interest income soars by a record 25.5 pc in Q3: Analysis

Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric net interest margin (NIM) rose by 17 basis points (bps) to 3.28 per cent. This was possible as banks repriced existing loans higher at a faster rate and also increased the new loan pricing, but kept deposit rates almost unchanged, according to an analysis by Care Ratings' senior director Sanjay Agarwal. But the rise in NIM was led by private sector banks, thanks to their operational efficiencies, at 4.03 per cent, up 15 bps on-year. State-owned banks registered NIM at 2.85 per cent, up 17 bps on-year. Net interest income or NII is the main revenue head for banks and is the difference between interest earned on advances and the interest paid to depositors/funds raised from ...

Borrowing costs bite: Interest-rate surge hurts corporate profits

Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23

New Pakistan finance minister vows to tame inflation and cut interest rates

Ishaq Dar says no one will be 'allowed to play' with currency market, sees Pakistan's rupee currency is undervalued

Bank of Baroda launches special deposit schemes offering interest up to 6%

Bank of Baroda has launched a new deposit scheme offering interest rates of up to 6 per cent on domestic retail term deposits. The 'Baroda Tiranga Deposit Scheme' marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest rates, the bank said in a release on Tuesday. The scheme, to be available till December 31, 2022, has two tenor buckets of 444 days and 555 days, offering interest rates of 5.75 per cent per annum and 6 per cent per annum, respectively. The scheme was launched on Tuesday and is applicable on retail deposits below Rs 2 crore, the bank said. Senior citizens will get additional interest rates on their deposits under the scheme.

China hits 'liquidity trap' as low lending rates fail to spur bank loans

China's Central bank data showed a sharp slowdown in aggregate financing, a broad measure of credit, in July, as new loans and corporate bond issuance weakened

FRAs back in vogue, help insurers in fixed rate of interest for payouts

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out