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Interest Rate
Business  /  Published 24.10.20

Interest waiver before Diwali

The government also said that an “ex-gratia” amount would be given to borrowers with loans up to Rs 2 crore who had not availed the moratorium during the six month period. “Borrower...
By Our Special Correspondent in New Delhi

Business  /  Published 20.09.18

RBI, finance ministry agree on policy rate hike

The RBI and the finance ministry seem to have arrived at a consensus on the need to hike key interest rates. Officials said the hike could be between a quarter per cent and half a per cent.The Monetar...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 05.03.20

PF rate at 7-year low after cut

The Employees Provident Fund Organisation (EPFO) on Thursday cut the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for the current financial year.The rate for 2018-19 ha...
By Our Special Correspondent in New Delhi

Business  /  Published 05.03.20

EPFO cuts PF deposit interest rate to 8.5%

Retirement fund body Employees' Provident Fund Organisation (EPFO) on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said labour minister San...
By PTI in New Delhi

Opinion  /  Published 08.10.18

RBI is right not to prop up the rupee

Monetary policymaking was once considered an esoteric art and central bankers were notorious for holding their cards close to their chest. They couched the message in difficult argot to ensure no one ...
By The Editorial Board in

Business  /  Published 27.09.18

Steps To Calculate The Maturity Amount You Will Get From An FD On Retirement

You may consider investing a large portion of your savings into FDs so that they give you high returns on maturity, just in time for your retirement. However, investing without calculating your return...
By Brand Studio Team in

Business  /  Published 30.04.20

RBI told to ensure loan relief

The Supreme Court on Thursday refused to interfere with an RBI circular on a loan moratorium but directed the apex bank to implement the March 27 circular that wanted banks and financial institutions ...
By Our Legal Correspondent in New Delhi

Business  /  Published 11.11.19

Factory slide raises pitch for props

Industrial output contracted 4.3 per cent in September on a year-on-year basis, the lowest in seven years, with manufacturing shrinking 3.9 per cent, leading to calls for both a RBI rate cut and a fis...
By Our Special Correspondent in New Delhi

Business  /  Published 11.03.20

SBI cuts interest rate on savings accounts to 3%

The country's largest lender SBI on Wednesday rationalised interest rate on all savings bank (SB) accounts to a flat 3 per cent, a move affecting 44.51 crore account holders.The bank also waived the r...
By PTI in New Delhi

Business  /  Published 17.06.19

Bandhan Bank cuts micro loan rate

Bandhan Bank has trimmed its interest rate on micro loans by 70 basis points, or 0.7 per cent. This reduction would bring down the effective interest rate on micro loans to 17.95 per cent from 18.65 p...
By A Staff Reporter in Calcutta


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