Interest Rate

Evolving growth-inflation dynamics unlikely to permit further rate cuts

Economic hit due to US tariff decisions likely to be accentuated

FinMin sees room for more rate cuts as inflation remains below RBI's target

The finance ministry on Monday said there is room for further easing of interest rate by the Reserve Bank of India (RBI) as the inflation is comfortably below the central bank's median target of 4 per cent. Retail inflation, based on Consumer Price Index (CPI), has remained below 4 per cent since February and dipped further to more than six-year-low of 2.82 per cent in May. "Core inflation remains subdued, and overall inflation is comfortably below the RBI's 4 per cent target, affording room for the easing cycle to be sustained," said the finance ministry's monthly review report. The central has cumulatively reduced the short-term benchmark lending rate (repo) by 100 basis points since February. The next meeting of the RBI's rate-setting panel -- Monetary Policy Committee (MPC) -- during August 4-6. The RBI has projected headline inflation at 3.4 per cent for the second quarter of the fiscal year, while in the first quarter, actual inflation came below the target of the RBI. "It

Buying a new car? Here are the best car loan rates and charges

Buying a new car is an exciting moment, but be careful of charges that banks may impose, and make sure to pick the best car loan available in the market

China keeps lending rates unchanged as Q2 data shows economic resilience

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages

When should you take a personal loan and what are the best rates?

Check out the best interest rates and EMI amounts across different tenures for personal loans

Govt keeps interest rates on small savings schemes unchanged for Q2

The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent prevailing in the current quarter. The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes, too, have been retained at 7.1 per cent and 4 per cent, respectively. The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months. The ..

Private sector firms continue to maintain high interest cover ratio

The ICR - defined as the ratio of profit before interest and taxes to interest payments - stood at 6.78 in FY25, up from 3.77 in FY20

Microfinance in vicious cycle of debt, high rates, warns RBI deputy guv

RBI Deputy Governor M Rajeshwar Rao warns of high interest rates, borrower over-indebtedness, and coercive recovery in India's microfinance sector, calls for urgent lender reforms

RBI's cautious stance could cost growth, bold rate cuts need of the hour

Given the long lags in monetary policy's impact on the real economy, too much caution could prove unnecessarily costly

Govt ratifies interest rate at 8.25% on employees' provident fund for FY25

The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. The approved rate of interest for 2024-25 was sent for concurrence of the Ministry of Finance. "Ministry of Finance has given concurrence to 8.25 per cent rate of interest on the EPF for 2024-25 fiscal year and labour ministry sent a communication regarding this to the EPFO on Thursday," a labour ministry official told PTI. Now the interest amount as per the rate ratified for FY25 will be credited into the accounts of over seven crore subscribers of EPFO. The decision on interest rate was taken at the 237th meeting of the central board of ..

Hudco plans to refinance up to ₹7,000 crore of costly debt in FY26

Institution aims to lower cost of funds by leveraging softening rates; raised ₹2,190 crore via NCDs in May and targets ₹65,000 crore in total borrowings this year

L&T Finance to increase commercial paper issuance amid softening rates

L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024

RBI slashes repo rate by 25 bps to 6%, shifts stance to 'accommodative'

Dials down growth, inflation projections

Swap markets signal RBI could do more than just a 25-bp rate cut this week

The one-year OIS rate stands around 5.88%, its lowest level since May 2022, while the five-year rate is around 5.71%, its lowest since February 2022

Need a loan for a personal emergency? Here are the best personal loan rates

There are sometimes moments in life when you might face a sudden requirement for extra funds for a personal crisis. In such times, a personal loan is often the best way out

Bank of Japan raises interest rates to highest level since 2008 at 0.5%

The hike is part of the BOJ's plan to gradually increase rates to a neutral level of around 1% to sustain economic stability

High rates, declining finance impacting exporters' competitiveness: CII

Indian exporters are grappling with significant liquidity challenges due to high interest rates and a decline in export finance, which are undermining their competitiveness, according to Sanjay Budhia, Chairman of the CII National Committee on EXIM. To address these issues, he said, the government and banks must work together to provide effective solutions. Budhia suggested the government extend the interest equalisation scheme, which ended on December 31, 2024, for three years for all manufacturing exporters, including MSMEs (micro, small and medium enterprises). The longer period extension of the scheme would be a crucial step, as its limited extension leaves Indian manufacturers at a disadvantage, he added. "Exporters are indeed facing significant challenges on the liquidity front, with high interest rates and declining export finance impacting their competitiveness," he told PTI. MSME exporters, who form the backbone of India's export ecosystem, would benefit greatly from ...

IRFC raises Rs 2,840 cr through 10-year bonds at 7.15% interest rate

Indian Railways' finance arm was in the market to raise Rs 3,000 cr

Rate cut unlikely in Feb review or in FY26: Axis Bank's Neelkanth Mishra

A rate cut will not be possible for the next 13-14 months due to the inflation outlook, said Mishra, who is also a part-time member of the PM's Economic Advisory Council

Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework

Banks bat for collateralised benchmark with a balanced 50-50 weighting between TREPS and CHROMs