Saturday, Sep 18, 2021

Interest Rates

RBI Keeps Policy Rate Unchanged For 7th Time In A Row; Repo Retained At 4%

Aug 06, 2021 PTI

Monetary Policy Committee (MPC) decided to maintain status quo, that is keeping benchmark repurchase (repo) rate at 4 per cent, RBI Governor Shaktikanta Das said while announcing the bi-monthly monetary policy review.

US: As Markets Remain Unperturbed By Inflation, White House Sees No Cause For Alarm

Jun 16, 2021 Associated Press (AP)

As of Monday, the 5y5y was trading at 2.28per cent, an indication that annual inflation will be close to the Federal Reserve's 2per cent target.

'Issued By Oversight': Govt Withdraws Order Slashing Rates For Small Saving Schemes

The announcement was made by Union finance minister Nirmala Sitharaman on Twitter.

Government Slashes Interest Rates On Small Savings Schemes; PPF Rate Lowered To 6.4%

Mar 31, 2021 Outlook Web Bureau

This is the first time in 46 years that the interest rate of the PPF has gone below the 7 percent-mark.

Can't Extend Loan Moratorium Period Beyond August 31: Supreme Court

The Supreme Court bench of Justices Ashok Bhushan, R Subhash Reddy and MR Shah were hearing a batch of petitions on whether to waive interest payments on coronavirus support loans in a move that could give relief to millions of people.

31 January, 2021

RBI Likely To Maintain Status Quo On Interest Rate, Say Experts


The RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low

24 October, 2020

Diwali Gift: Govt Waives Interest On Loans Up To Rs 2 Crore


As per the guidelines, the scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.

07 May, 2020

SBI Cuts Benchmark Lending Rate By 0.15%, Loans Likely To Get Cheaper


SBI also introduced special deposit scheme for senior citizens with higher interest rate.

01 April, 2020

Lower Interest Rates On Savings & Provident Funds Might Push Investors To Seek Alternate Avenues

Lola Nayar

The PPF interest rate of 7.1 per cent, down from 7.9 per cent, is the lowest in four decades, and the fixed and recurring deposit rates are the lowest since 1991.

01 April, 2020

Govt Cuts Interest Rates On PPF, Other Small Savings Schemes

Outlook Web Bureau

The interest rate on the five-year term deposit has been reduced to 6.7 per cent from current rate of 7.7 per cent.

06 February, 2020

RBI Keeps Key Lending Rate Unchanged At 5.15%


The RBI retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

09 October, 2019

SBI Cuts Lending, Deposits Rate

Outlook Web Bureau

While the MCLR reduction is effective October 10, the revision in savings bank deposits rates will be from November 1, the bank said in a statement.

07 August, 2019

RBI Cuts Repo Rate By 35 Basis Points To 5.40%, EMIs Set To Get Lower

Outlook Web Bureau

This is the fourth consecutive time that the RBI has reduced repo rate. In the earlier three policies, it reduced repo rate by 25 basis points each.

29 July, 2019

SBI Slashes Deposit Rates On Various Tenors Citing Surplus Liquidity

Outlook Web Bureau

Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days, SBI said in a statement on Monday.

21 February, 2019

Employee Provident Fund Rate Hiked To 8.65% For 2018-19

Outlook Web Bureau

The proposal would now go to the Finance Ministry for approval, Labour Minister Santosh Gangwar said after the CBT meeting.

16 October, 2018

Govt Hikes GPF Interest Rate To 8% For Oct-Dec Quarter

Outlook Web Bureau

The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.

20 September, 2018

Interest Rates On PPF, NSC, Other Small Savings Raised By Up To 0.4%

Outlook Web Bureau

Interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively. The interest on the senior citizens' scheme is paid quarterly.

06 August, 2018

HDFC Bank Increases Fixed Deposit Rates By Up To 0.6%

Outlook Web Bureau

The increase in fixed deposit rates is likely to put pressure on lending rate as well.

Photo Gallery

Punjab Chief Minister Capt. Amrinder Singh submits his resignation to Governor Banwarilal Purohit at the Raj Bhavan in Chandigarh.

PTI Photo

Captain Amarinder Singh speaks to media after submitting his resignation to Governor Purohit Banwarilal at Raj Bhavan in Chandigarh. Singh resigned from the post of Punjab Chief Minister.

PTI Photo

Gujarat Chief Minister Bhupendra Patel offers prayers inside the Akshardham Temple during his visit to Gandhinagar.

PTI Photo

Union Home Minister Amit Shah addresses at the launch of Ujjwala Yojana 2.0, in Jabalpur.

PTI Photo

Punjab Chief Minister Capt. Amrinder Singh submits his resignation to Governor Banwarilal Purohit at the Raj Bhavan in Chandigarh.

PTI Photo

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Taliban: What’s Next For The International Community?

With all foreign soldiers out of Afghanistan, the Taliban is now in a position to do pretty much what it wants.

Sep 13, 2021 Seema Guha

Rising Challenges Of Plagiarism In The Era Of Online Education

It can be a crucial stepping stone to develop young minds to appreciate the importance of practising honesty throughout their academic journey and lay the foundations for successful professional careers.

Sep 12, 2021 Chaitali Moitra

Vaccine Mandates Harm Long-Term Public Health

One can be pro-religion, but against coerced religion; one can be pro-vaccines, but against coercion and mandates

Sep 12, 2021 Kameswari Chebrolu

Why School In ‘The Cloud’ Will Be Our New Normal

We can do anything with the Cloud. Buy and sell, eat, cook, get our clothes, houses, cars, watch movies, read books, listen to music, talk, write, communicate, ask, create, teach, learn, heal…. Schools must prepare children for this world.

Sep 12, 2021 Sugata Mitra