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...

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...

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...

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...

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 ...

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...

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 ...

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...

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...

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...