The floating rate fixed deposit is linked to the repo rate as announced by the Reserve Bank of India, thus allowing depositors to earn more from their fixed deposits.
The agency expects borrowing cost of NBFCs to go up by 85-105 basis points (bps) in this fiscal owing to recent hikes in repo rate by 90 basis points in two...
The Reserve Bank of India (RBI) in its bimonthly policy review meet increased the key repo rate by 50 basis points, but made no changes in the cash reserve...
Last month, RBI raised the repo rate or short term lending rate by 40 basis points in an off-cycle monetary policy review to check spiralling inflation
The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike...
This is the latest hike in home loan lending rates by banks and housing finance companies after the RBI hike repo rate earlier this May, and comes into effect...
For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash...
The RBI has hiked the repo rate by 40 bps to 4.4 per cent and the cash reserve ratio by 50 bps in a surprise, unscheduled announcement. What should be your...
With the RBI increasing the repo rate by 40 basis points, existing as well as new loans will get costly, and your monthly EMI outgo is all set to increase....
As the central bank has increased the repo rate, the interest rates on loans are set to rise. In such a scenario, would a ‘fixed rate’ loan be a good deal?...
In addition to enhancing the ease of transactions, the absence of the need for a physical card for such transactions would help prevent frauds such as card...
On April 8, the Reserve Bank of India announced that it has maintained the status quo and kept the repo rate unchanged at a record low at 4 per cent. This is...
RBI governor Shaktikanta Das recently said that the central bank does not see any risk of the Indian economy going into stagflation currently
After opening on a positive note, the BSE gauge went up and was trading at 58,885.61 points, registering a gain of 419.64 points or 0.72 per cent after the RBI...
Reserve Bank Governor Shaktikanta Das headed the six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday.
The budget 2023 has pegged the Centre's gross borrowing at a record Rs 14.3 lakh crore and for the FY22 at Rs 10.5 lakh crore, lower than Rs 13.5 lakh crore...
The next bi-monthly monetary policy is scheduled to be announced on Wednesday at the end of three-day deliberations of the MPC beginning Monday.
The RBI's rate-setting panel Monetary Policy Committee (MPC) will begin its deliberations next Monday and announce the policy moves on Wednesday (February 9)...
Growth concerns amid spread of the Omicron variant and relatively benign inflation out-turns provide the RBI with enough room to maintain its growth-supportive...
With no change in repo and reverse repo rates, borrowers will continue to repay loans with low interest rates. Inflation worries seem to continue among...
Repo and reverse repo rates play a role in determining the retail loan rates and in controlling inflation. In recent RBI Monetary Policy, both repo rate and...
While high rates may reduce inflation, they will affect borrowers who are already suffering from pay cuts and job losses. There is a growing concern among...
The RBI Governor-headed Monetary Policy Committee is scheduled to meet during December 6-8, 2021. The decision of the rate-setting panel would be announced on...
Experts say interest rates seem to have bottomed out so if buying assets such as a home or car is on your cards, borrowers should go ahead.
This is the fifth time in a row the central bank has maintained a status quo on policy rate.