In order to combat rising inflation, the Reserve Bank of India’s monetary policy committee raised the benchmark repo rate by 50 basis points in August, to 5.4%. This was the third jump in a row. As a result of the increase in the repo rate, interest rates on bank loans and deposits have risen. Since…
Read More “Check new FD rates for SBI, IndusInd, Axis, Kotak, Canara, and Yes Bank.” »
IndusInd Bank, a private sector lender, has raised interest rates on fixed deposits of less than Rs 2 crore. According to the bank’s official website, the higher interest rates will take effect on August 12, 2022. Following the change, the bank now offers fixed deposits with maturities ranging from seven days to ten years, with…
Read More “IndusInd Bank raises interest rates on fixed deposits less than 2 crore rupees.” »
The Lakers’ top brass are reportedly putting their heads together to avoid a repeat of last season’s disaster. The Lakers’ top brass are reportedly putting their heads together to avoid a repeat of last season’s disaster. According to Chris Haynes of Yahoo Sports, LeBron James and his agent, Klutch Sports CEO Rich Paul, met with…
Following the RBI’s 0.50 percent increase in the benchmark interest rate on Friday, two major banks, ICICI Bank and PNB, raised their lending rates. To combat high inflation, the Reserve Bank of India (RBI) raised the key policy repo rate (the rate at which it lends short-term money to banks) by 50 basis points, or…
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The Reserve Bank of India (RBI) raised the repo rate by 50 basis points to 5.40 percent today, returning it to pre-Covid levels. The RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) raised the policy repo rate for the third time in a row on Friday, aiming to contain inflation by squeezing market liquidity. According…
Read More “How the RBI’s interest rate hike may affect loan EMIs and bank FDs” »
The interest rate on fixed deposits at the state-owned Indian Bank has been raised, with effect from August 4. The most recent rates will apply to fixed deposits of less than Rs 2 crore. The move comes after several other lenders raised interest rates on deposits and loans in response to the RBI’s tight monetary…
Read More “Indian Bank Increases Fixed Deposit Interest Rates; See Details” »
Banking has never been easier, and the fact that the majority of the major banks now provide the most basic banking services via WhatsApp is a huge relief for customers. “Smart Chat Assist, 90+ Banking Services, Intuitive AI, and a whole lot more, are now in the palm of your hand with the all-new HDFC…
Banks have increased their rates on both loans and deposits as the RBI’s Monetary Policy Committee (MPC) has raised the key repo rate twice in the last two review meetings and is expected to do so again this week. Recently, Kotak Mahindra Bank, DBS Bank, and Bank of Baroda increased their fixed deposit interest rates….
Read More “Bank FD: Kotak Vs DBS Vs Bank of Baroda; Compare Current Interest Rates” »
Bank of India’s net profit fell 22.08 percent year on year (YoY) to Rs 561 crore in the first quarter of fiscal year 2022-23 (Q1FY23) due to a decline in non-interest income and an increase in provisions for bad loans. During the previous fiscal year, the Mumbai-based public sector lender earned a net profit of…
Bank of Baroda (BoB) has maintained its guidance for faster growth in retail loans than in corporate loans this year, with total credit growth expected to be 10-12 percent, according to Sanjeev Chaddha, managing director and chief executive. In the June quarter, BoB’s advances increased by 15.7 percent year on year, with retail advances increasing…
Read More “Bank of Baroda anticipates faster growth in retail loans.” »
