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Interest Rates
Business  /  Published 27.10.20

RBI sets terms for interest waiver

The Reserve Bank of India (RBI) on Tuesday asked all lending institutions, including non-banking financial companies, that by November 5 they must implement the scheme of waiver of interest on interes...
By Our Special Correspondent in Mumbai

Business  /  Published 26.10.20

Interest waivers to cost Rs 7,500 crore

Over 40 per cent of the system credit and 75 per cent of the borrowers will benefit from the interest-on-interest concession for small loans which will cost the government around Rs 7,500 crore, says ...
By PTI in Mumbai

Business  /  Published 14.10.20

SC ultimatum to govt on interest waiver

The Supreme Court on Wednesday directed a reluctant Centre to issue by November 2 the circular on compound interest waivers relating to the moratorium on loans offered by banks till August 31. The be...
By Our Legal Correspondent in New Delhi

Business  /  Published 13.10.20

BoE alert on sub-zero interest rate

The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below zero. If the...
By AP via PTI in London

Business  /  Published 31.08.20

RBI: in fresh rescue act

The RBI on Monday announced a bunch of measures that will loosen the liquidity tap and tamp down on interest rates amid concerns over inflation and higher government borrowing. The apex bank, thus, is...
By Our Special Correspondent in Mumbai

Business  /  Published 20.08.20

RBI scouts for escape hatch for economy

The Reserve Bank of India’s policymakers are grappling with a stark dilemma. If they do not cut interest rates, it may be hard to kickstart a moribund economy. But inflation is ruling at 6.93 p...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

Case for 6% interest

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...
By Our Special Correspondent in Mumbai

Business  /  Published 13.01.19

Six things to do before borrowing

The Reserve Bank of India had reported that personal loans account for a staggering 96 per cent of all new bank loans for 2017-18. The personal loan market grew 20.4 per cent in the one-year period en...
By Adhil Shetty in

India  /  Published 05.12.19

Economic growth onus falls on govt

The Reserve Bank of India’s policymakers shocked economists, industry and the Street by deciding to hit the pause button on interest rate cuts after five downward revisions this year.The six-member ...
By Our Special Correspondent in Mumbai

Business  /  Published 16.04.20

Sop plea for elders

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 ...
By A Staff Reporter in Calcutta


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