Page 4 - Interest Rate

Small savings schemes interest rates hiked by 30 bps for July-Sept quarter

Interest rates on term deposits for three years and five years have been retained at 7 per cent and 7.5 per cent

Federal Reserve holds rates steady, sees two small hikes by end of year

Further rate increases would take into account cumulative tightening of monetary policy, lags with which policy affects economic activity, inflation, and economic and financial developments, it said

RBI's decision to keep repo rate unchanged on expected lines: Experts

The Reserve Bank of India's decision to keep policy rates unchanged was on expected lines, banking and financial experts said on Thursday. The Monetary Policy Committee (MPC), which has three members from RBI and an equal number of external experts, voted unanimously to keep the benchmark repurchase, or repo rate unchanged at 6.50 per cent. Punjab National Bank MD & CEO Atul Kr Goel said that keeping policy rates unchanged was "in line with the market expectations" in view of easing retail inflation and anticipation of a further decline. He also said that maintaining the growth projection of GDP for the current financial year at 6.5 per cent reflects that RBI remains sanguine about economic growth. Bandhan Bank Chief Economist and Head of Research said the status quo on the repo rate in the MPC meeting was "almost a foregone conclusion". "Interestingly, despite lowering the consumer price index inflation forecast for the first quarter of the current fiscal by 50 basis points, the

China opens new channel giving access to $3 trn swap market with Hong Kong

China has set a 20 billion yuan ($2.9 billion) daily limit for net trading under Swap Connect, and instruments eligible include swaps referencing the seven-day fixing repurchase rate

Interest rate hold likely as inflation at its weakest in 18 months

Easing inflation will bring relief to policy makers when the economy is facing headwinds from geopolitical tensions and slowing global demand

US manufacturing output ekes out gains in Feb due to high interest rate

The Institute for Supply Management's measure of national manufacturing activity has contracted for four straight months

Treasury bill yields plunge as SVB collapse affects interest rate view

Short-term instruments, such as T-bills, are extremely sensitive to interest rate expectations

Consent must for fixed to floating loan shift

When the loan agreement was submitted in the revision proceedings, it revealed the interest rate column, which should have mentioned fixed or floating, had been left blank

Honeymoon with record profits may end in March

From the June quarter, the drop in net interest margin will separate the men from the boys

Sundaram Finance to revise interest rate on term deposits from Jan 1

Non-banking finance company Sundaram Finance would revise interest rate on its term deposits with effect from January 1, the city-based firm said on Saturday. Accordingly, the rate on 12-month deposit would be increased to 7.20 per cent, 7.50 per cent for a tenure of 24 months and for 36 months it would be 7.50 per cent. For senior citizens, the rate of interest would be 7.70 per cent for 12-month deposits, 8 per cent for 24 and 36 months, the city-based Sundaram Finance said in a statement here. The company said its deposit base stood at Rs 4,461 crore.

Global slowdown, Union Budget: 5 factors that will guide markets in 2023

Analysts expect the Indian equity markets to consolidate over the next few months, as they fully digest the negatives of rich valuations, rising interest rates amid growth headwinds.

Sum total of all your EMIs should not exceed 40% of your net income

Make sure buying a house will not lead to compromises on other crucial financial goals

Manufacturing PMI recovers to 55.3 in Oct amid contained price pressures

Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

A healthy debate: The case for and against interest rate hike

Having raised policy rates to about 6 per cent, does India's Monetary Policy Committee need to do more? And, if so, is more front-loading warranted?

NFRA warns auditors against non-accrual of interest on NPA borrowings

Mere classification of a firm's loans as NPAs by lender banks does not relieve the borrower from its liability towards payment of interest or the principal, the authority says

RBI steps up fund infusion as system liquidity 'almost neutral'

Rates on CPs, CDs surge; pressure mounts on banks to raise deposits

BS Number Wise: Indian deal-making enters the slow lane, shows data

There is less money for companies as buyers slow down transactions amid geopolitical tension and higher capital cost.

Asian stocks market follow Wall Street up on hopes of rate hikes easing

Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. Shanghai, Tokyo, Hong Kong and Sydney gained. Oil prices declined. Wall Street's benchmark S&P 500 index rose for a third day after bond prices rose, suggesting some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. The new British prime minister, Rishi Sunak, warned Tuesday of a profound economic crisis, but his arrival appeared to reassure rattled markets. The battered pound edged higher against the US dollar. The Shanghai Composite Index rose 1.4% to 3,018.59. The Nikkei 225 in Tokyo jumped 2.4% to 15,531.83 ahead of the expected release of a stimulus package this week that reportedly coul

Bond yields ease as MPC minutes hint at slower interest rate hikes

1-year bond yield logs the sharpest fall in two-and-a-half months