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...

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 ...

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...

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...

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...

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...

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 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...

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 ...

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 ...