State Bank of India raises fixed deposit interest rates by up to 100 basis points; See details

SBI is offering a peak deposit rate of 6.75 per cent for retail deposits on two buckets — one year to less than two years and two years to less than three years.

RBI set for fourth straight rate hike to quell inflation, say experts

The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.

LIC Housing Finance hikes lending rates by 50 basis points

LIC Housing Prime Lending Rate (LHPLR) has been increased by 50 basis points or 0.50 per cent with effect from 22nd August 2022, LIC Housing Finance Ltd said in a statement.

Persistently high inflation requires appropriate policy responses, says RBI article

Retail inflation based on the Consumer Price Index (CPI) eased to 6.71 per cent in July but remained above RBI's tolerance level for the seventh month in a row. The central bank has been tasked by the government to ensure that retail inflation remains within the range of 2-6 per cent.

No more charging exorbitant interest rates: RBI tightens norms for digital lending

Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).

Your EMI is set to rise: Bank of Baroda to hike MCLR rates by up to 0.2%

Bank of Baroda to hike MCLR rates by up to 0.2 pc from Aug 12

Bond Market is Wrong on Fed’s Path, Economist Says

When it comes to predicting the Federal Reserve’s path, the US bond market is more misguided now than at any other time this year as traders increasingly wager the central bank will start cutting rates early next year.

Bank of England Set for Biggest Interest Rate Rise in 27 Years

The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 trillion) of stimulus it delivered over the past decade.

FII outflows especially large for India, some Asia economies may need rapid rate hikes to cool inflation, IMF says

Most emerging Asian economies had experienced capital outflows comparable to those in 2013, when global bond yields spiked on hints by the U.S. Federal Reserve that it might taper bond buying sooner than expected, Srinivasan said.

RBI’s Defense of Rupee Is Sending Bill Rates to Three-Year High

The Reserve Bank of India’s intervention in the foreign-exchange market to protect the rupee that tested a series of record lows in recent months is pushing shorter rates to multi-year highs.

Top Interest Rate News

personal finance

State Bank of India raises fixed deposit interest rates by up to 100 basis points; See details

markets

personal finance

markets