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Interest Rates
Business  /  Published 07.07.20

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 13.06.20

SC rules out full interest waiver

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...
By Our Legal Correspondent in New Delhi

Business  /  Published 29.05.20

Savings scheme dropped

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...
By Our Special Correspondent in Mumbai

Business  /  Published 27.05.20

SBI cuts deposit rate first

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...
By Our Special Correspondent in Mumbai

Business  /  Published 21.05.20

ICICI Bank FD for seniors

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 ...
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

Opinion  /  Published 05.04.20

Interest rates cut deep

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 ...
By The Editorial Board in

India  /  Published 01.04.20

PPF rate cut stupid: Cong

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...
By Our Special Correspondent in New Delhi

Business  /  Published 27.03.20

FM pushes for lower lending rates

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...
By Our Special Correspondent in New Delhi

Business  /  Published 28.02.20

Interest rates on loans are at a decade low

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...
By Adhil Shetty in


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