Page 31 - Interest Rates

State Bank of India announces up to 25 bps concession on home loan rates

The country's largest lender State Bank of India on Wednesday announced concession of up to 25 basis points (bps) on its home loan rates

Top headlines: BSE-listed firms' m-cap hits new high, RBI holds key rates

From BSE-listed firms' m-cap hitting record high to Goyal getting additional charge after Paswan's death, Business Standard brings you the top headlines of the day

Interest rates on PPF, NSC and other small savings schemes unchanged

Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis

RBI likely to keep interest rates unchanged in upcoming policy review

RBI Governor Shaktikanta Das had earlier said although there was headroom for further monetary policy action, it was important to keep "our arsenal dry and use it judiciously."

How loan restructuring scheme can impact your finances: Things to know

The accumulated interest will increase the principal and you will have to pay a higher interest rate on it

Fed officials double down on pledge to keep interest rates near zero

The Fed's governing board made that vow last week at its regularly scheduled policy meeting, promising to leave rates at their current near-zero levels until the economy reaches full employment

Fiscal stimulus, lower interest rate needed for 7% growth rate: Panagriya

Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic

RBI proposes to launch exchange-traded, OTC interest rate derivatives

Products to be accessible to foreign investors and retail participants too, but latter can only use for hedging

Asking banks to waive interest will adversely impact financial system: Govt

Solicitor General Tushar Mehta told the three-judge Bench that waiving interest or granting a blanket moratorium on repayment of loans will be a "knee jerk reaction"

Sundaram Finance lowers interest rates on deposits across tenures

The company has around 600 branches spread across the country

No pressure from govt to participate in MSME scheme, says SBI chief

Leading bankers welcome term loan installment moratorium announced as economic relief

Small savings lose sheen in FY20 despite premium interest rates

Indicative of a possibility that people redeemed their savings for consumption after a likely loss in incomes

Interest rates transmission improved during 2019-20, says RBI report

Adjustments in banks' deposit and lending rates in response to changes in the repo rate improved during 2019-20, especially in the second half of the year, the RBI said

HSBC says net profit plunged 96% in Q2 amid low interest rates, Covid-19

Europe's biggest bank, HSBC, said that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold

Lower rates an opportunity to re-negotiate your home loan interest

Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender

Have home loan rates reached rock bottom?

At sub-7 per cent, the rates are at their historic low. In 2003 and 2004, it was 7.25 per cent; and in 2011, as high as 11.75 per cent

Down they go: 37 emerging markets cut rates for 17th month in a row

June marked the 17th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013

SAT asks Sebi to repay an appellant, or pay an interest of 12% per annum

The appellant again filed an urgency application before SAT seeking direction to be issued to Sebi to refund the order as he as in dire need of money to undergo a spinal surgery

Slow rate cut transmission hurting returns on HAM projects: India Ratings

The RBI has slashed repo rates by almost 200 basis points since June 2019 from 6.25 per cent to 4.25 per cent to ensure availability of cheaper credit

Moratorium could be a costly affair, use these strategies to reduce burden

By how much your interest cost rises depends on a few factors, the first being loan tenure