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FD rate hike calculator: Check extra maturity you can get on Rs 1 lakh-Rs 10 lakh deposits

The Reserve Bank of India has increased the repo rate from 5.25% to 5.50% during its recent meeting. This hike is expected to encourage banks to raise their fixed deposit interest rates soon. Customers could earn considerably more on their fixed deposits with even small increases in interest rates. Detailed…

The Economic Times · Oct 8

RBI intervention halts rupee's slide to record low, risks linger

The Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, traders remain wary regarding the future of the currency. Many market players doubt that a central bank interest rate hike will stem capital flight, while escalating Brent crude prices…

The Economic Times · Oct 8

Higher EMIs ahead: PNB, Bank of India, Bank of Baroda and Indian Bank raise lending rates; check details

The Reserve Bank of India increased the repo rate by 25 basis points during its monetary policy meeting. This hike prompted banks like Punjab National Bank and Bank of Baroda to adjust their lending rates.

The Economic Times · Oct 8

RBI brings new rule for banks to measure risks from derivatives, other such dealings

The Reserve Bank of India has set a Rs 25,000 crore threshold for banks to adopt new credit risk approaches. Banks with considerable derivative exposure or international presence will come under this rule. Lenders below this threshold can choose alternative risk measurement methods.

The Economic Times · Oct 7

Repo rate hike may raise borrowing costs, but real estate demand likely to be resilient: Realtors

The Reserve Bank of India increased the repo rate by 25 basis points to 5.50 percent. Real estate companies in West Bengal anticipate a slight rise in borrowing costs for home loans. Developers believe that genuine homebuyers will remain undeterred in the long term. Concerns about affordability for first-time buyers…

The Economic Times · Oct 7

RBI removes Paytm Payments Bank from list of scheduled banks

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying affairs of the bank were conducted in a manner detrimental to the interest of its depositors.

The Economic Times · Oct 7

Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

The Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to adjust their fixed deposit interest rates for both new and existing customers. P

The Economic Times · Oct 7

India bonds tumble after RBI's first rate hike in nearly four years

In a bid to combat inflation, the Reserve Bank of India has increased the key interest rate to 5.5%. This decision has led to a notable dip in Indian government bonds in the market. Factors such as climbing global oil prices are further complicating the economic landscape. While the 10-year…

The Economic Times · Oct 7

Lowest home loan interest rates after RBI repo rate hike: Check EMI on above Rs 30 lakh to 75 lakh loans at public & private banks, HFCs

In a recent move, the Reserve Bank of India has lifted the repo rate to 5.50% from 5.25%, impacting the landscape of home loan interest rates. Public sector players such as Bank of Maharashtra and Central Bank of India are providing attractive rates near 7.00%. Meanwhile, the South Indian Bank…

The Economic Times · Oct 7

RBI may hike interest rate further in December policy: Experts

The Reserve Bank of India has shifted its policy stance to calibrated tightening amid rising inflation concerns. A rate hike of up to 50 basis points is anticipated in December, increasing the current benchmark rate. Various economists emphasize the likelihood of cumulative rate increases over the next months. Rising commodity…

The Economic Times · Oct 7