Page 15 - Interest Rates

Interest on bank deposits rising faster than on loans: CARE Ratings

The one year median Marginal Cost of Fund based Lending Rate (MCLR) of SCBs increased from 8.55 per cent in March 2023 to 8.60 per cent in April 2023

Home loan borrowers turn to refinancing amid rise in interest rates

Lenders cut spread to attract new customers

Home loan demand declines, special interest rates to continue

CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity

Bank of America profit rises as it cashes in on higher interest rates

Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 billion in the quarter

Budget houses go out of budget; high interest rates and EMIs pinch buyers

Higher EMIs and mortgage rates pinch buyers; segment's share of overall housing sales likely decline in FY23, FY24

Global IT spending continues to decline by 4.4% for 5th consecutive month

Tech spending remains resilient compared to historical economic downturns and other types of business spending, but rising interest rates are now impacting capital spending

Indian companies to see higher interest burden in FY24 against FY22: Report

India Ratings & Research also expects the cost of debt to increase across different categories irrespective of the size of the firms

Interest rates may fall to pre-Covid levels in advanced economies: IMF

The IMF did not say, however, exactly when interest rates were set to fall back to lower levels

Pause now, lower later: Rate cuts may start this year, say economists

RBI projection on GDP growth optimistic, say analysts

Reducing inflation without raising interest rates

It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not

RBI monetary policy review: What led to the interest rate pause?

Real GDP growth for FY23 is expected at 7%, indicating resilient economic activity

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

Govt hikes interest rates on most small savings schemes by up to 70 bps

Rate on National Savings Certificate steeply raised by 70 bps, PPF kept unchanged

Recap FY23: Five key events that shaped equity markets this fiscal year

The turbulence in FY23 can be attributed to a concoction of interest rate hikes, foreign investment outflows, a global war, soaring food, fuel prices and a global banking crisis

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome

Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

At 8.15% for FY23, EPFO returns are second lowest in over 45 years

EPFO's return in 1977-78 was 8%. It has since been 8.25% or more; the peak was 12%, a rate that remained unchanged between 1989-90 and 1999-2000

EPFO fixes 8.15% interest rate on employees' provident fund for FY23

Fund paid 8.1% interest rate to subscribers in 2021-22, marking a four-decade low

EPFO marginally raises interest rate on PF deposits to 8.15% for FY23

Not enough to meet rising inflation, say some quarters; EPFO likely to distribute Rs 90,000 cr to members' accounts, on a total principal amount of Rs 11 trn