Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.
The RBI is likely to retain its "withdrawal of accommodation" stance introduced in April last year, according to 19 of 20 economists who shared their forecast on the stance
Despite the current surge in CPI inflation, bulk of the rise came from food prices rather than in a broad-based fashion
Despite inflation worries, MPC to maintain status quo on rates in its meet this week
The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent
According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31
Due to the fall in surplus liquidity, the RBI conducted variable rate repo (VRR) auction after a month on Monday
Here are some key points to consider when making your decision
With RBI keeping the key repo rates unchanged at 6.50 per cent, investors with surplus funds are looking to park their money. We decode whether they should stick to FDs or stick to debt funds
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The MPC voted 5 members to 1 to remain focused on the withdrawal of accommodation
The six-member monetary policy committee unanimously decided to keep the policy repo rate at 6.5 per cent
Stock market live updates: Ahead of the Reserve Bank of India's (RBI) monetary policy outcome, the SGX Nifty, on Thursday indicated a flat start to the bourses, quoting 18,823 levels
RBI MPC Policy LIVE: Catch live updates from RBI's monetary policy announcement here
RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent
In order to expand payment options for Indians travelling abroad, the Reserve Bank of India governor decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs
RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits
When a customer approaches Branch for locker, as per extant guidelines, KYC formalities are required to be adhered.
The lowest rates being offered in the home loan market today are in the 8.40 to 8.50 for eligible borrowers.
Following is a list of public and private banks and the highest Fixed Deposit interest rates they are offering