Former ICICI Bank chairman K.V. Kamath has proposed interest rates should be as low as 6 per cent enabling banks to banks grow by lending. Bank interest rates at present hover around 7 per cent levels...

The Supreme Court on Friday asked the finance ministry and the RBI to hold a meeting within three days to decide on the waiver of interest on interest for deferred payments of instalments for loans du...

The government has decided to withdraw the 7.75 per cent Savings (Taxable) Bonds scheme, popularly known as RBI bonds, from the close of banking business on Thursday amid falling interest rates of sma...

State Bank of India has bucked the trend of cutting lending rates following a RBI repo rate cut — instead offering to lower rates on its deposits which will hit ordinary savers. The SBI on Wednesda...

Private lender ICICI Bank on Thursday announced a special fixed deposit (FD) product for senior citizens offering a higher interest rate of 80 basis points.Banks generally give an additional interest ...

The research wing of the country’s largest bank — State Bank of India — has called for an exemption on the interest component on the Senior Citizen Savings Scheme in a bid to boost liquidity at ...

In a recent move, the Government of India has significantly reduced interest rates on small savings schemes such as accounts held in post offices and some other schemes like the public provident fund ...

The Congress on Wednesday described as “stupid” and “heartless” the decision to cut PPF and small savings interest rates and questioned the reported move to export personal protection equipmen...

Finance minister Nirmala Sitharaman on Friday asked banks for “quick transmission” of slashed interest rates by the Reserve Bank of India to boost liquidity in the system to deal with the coronavi...

Interest rates on loans have fallen to decadal lows. The lowest advertised home loan rate at the moment is 7.95 per cent per annum. So, it is not just a good time to take new loans but also to make pr...