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SBI hikes interest rates on NRI fixed deposits 18 July 2012
The State Bank of India is doing its best for retaining its customers as there has been a tough competition from private sector banks. As a part of the same, the bank has been implementing several new plans and schemes,...
Keywords: NRI fixed deposits, private sector banks, NRI customers, State Bank of India
Read MoreSBI hikes interest rates on NRI fixed deposits 18 July 2012
The State Bank of India is doing its best for retaining its customers as there has been a tough competition from private sector banks. As a part of the same, the bank has been implementing several new plans and schemes,...
Keywords: private sector banks, SBI increased interest rates, NRI fixed deposits, private sector banks
Read MoreRBI to keep rates unchanged 07 April 2015
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to reflect previous rate cuts. The...
Keywords: Repo Rate, Repo Rate, RBI, RBI
Read MoreCar sales may decline for first time in nine years: SIAM 10 February 2012
According to the figures released by SIAM, domestic passenger car sales had declined by 1.19 per cent to 15, 74,847 units during April-January this fiscal as against 15, 93,850 units in the year-ago period. According to industry body Society of...
Keywords: SIAM director-general, car sales may decline, Society of Indian Automobile Manufacturers, SIAM
Read MoreRBI Cuts Repo Rate by 25 bps to 5.75% 06 June 2019
RBI Cuts Repo Rate by 25 bps to 5.75%:- The Reserve Bank of India (RBI) monetary policy committee today unanimously cut repo rate. It is the rate at which it lends to banks. The repo rate is cut by 25...
Keywords: RBI rules, RBI interest rates, RBI next, RBI
Read MoreRBI frees co-op banks on SB interest 27 December 2011
The Reserve Bank of India, on Monday, deregulated interest rate on savings accounts in all State and Central Co-operative Banks, a move that will fetch better returns for depositors.RBI had freed these rates for the scheduled commercial banks in October.In...
Keywords: State and Central Co-operative Banks, savings accounts, State and Central Co-operative Banks, uniform interest rate
Read MoreGovernment Hikes EPF Interest Rate To 8.65% 21 February 2019
Government Hikes EPF Interest Rate To 8.65%:- EPFO decided to increase the PF interest rate to 8.65% on the PF deposits which was 8.55% last year. This will be applicable to 6 crore subscribers in the country. Labour Minister Santosh...
Keywords: EPF news, EPF latest updates, EPF rate of interest, EPFO
Read MoreInflation drops to 5-month low 15 January 2014
India's inflation eased to a five-month low in December on lower vegetable prices. The wholesale price index (WPI), India's main inflation indicator, recorded an annual 6.16 percent last month, its slowest pace since July 2013. The vegetable prices have fallen...
Keywords: Inflation in December, Interest Rates by RBI, RBI, Business News
Read MoreInterest rates on small savings are fixed: RBI 23 January 2012
“As per the rules of small savings schemes, the rate of interest on an investment made in all schemes, except PPF, 1968 on a particular date, remains unchanged for the entire duration of the investment, till maturity, irrespective of the...
Keywords: Reserve Bank of India, maturity, PPF, PPF
Read MoreSBI cuts down interest rates 15 July 2014
State Bank of India [SBI] today slashed the interest rate on short-term fixed deposits between 7-179 days from 7.5 per cent to 7. This new rate would be effective from July 18, said SBI in a statement. The interest rate...
Keywords: SBI, SBI cuts down interest rates, SBI, Quick news
Read MoreInterest rates may be unchanged 03 August 2015
The chances of a rate revision of the Reserve Bank of India are very remote. The Export-Import Bank of India states that, the rising trend in inflation seen over the last two months and the rainfall deficits is expected to...
Keywords: statutory liquidity ratio, RBI, statutory liquidity ratio, Consumer price-index
Read MoreWhat is your choice among NRO, NRE or FCNR term deposits? 16 May 2012
In order to attract foreign currency into India from NRIs (Non Resident Indians), Reserve Bank of India (RBI) has come out with new propositions. Earlier in December 2011, RBI has deregulated interest rates on Non Resident Ordinary (NRO) savings accounts...
Keywords: RBI’s interest rates, Non Resident External (NRE) term deposit, NRI, Foreign Currency Non Resident (FCNR) Account
Read MoreBanks Face Cash Crunch, Repo Rate Unchanged at 6.25% 07 December 2016
Against all the hopes, the Reserve Bank of India on Wednesday kept the key lending rate, repo rate, fixed at 6.25 per cent with all the six members of the Monetary Policy Committee voting in favour of a status-quo. “Consequently,...
Keywords: RBI Interest Rate, RBI Interest Rate, monetary police, RBI Interest Rate
Read MoreRBI hikes interest rates unexpectedly to stem inflation 29 January 2014
The Reserve Bank of India (RBI) on Tuesday increased the Repo Rate from 7.75% to 8 by a margin of 0.25% in the policy meeting. This is third hike from the new governor of RBI Raghuram Rajan ever since he...
Keywords: Inflation, RBI policy meeting, Reserve Bank of India, Inflation
Read MoreBusiness confidence declined: CII survey 30 January 2012
Stagnation in investment plans had emerged as a key concern in the current macro-economic scenario. The survey further reveals that firms have reported a slowdown in sales, new orders, production and pre-tax profits in Q3 2011-12 as compared to Q2...
Keywords: current macro-economic scenario, high interest rates, labour reforms, taxation regime
Read MoreMercedes Benz to make its prices appear bigger 02 January 2013
Luxury car major, Mercedes Benz has announced that it would be increasing the prices of its cars in India by three per cent effective from January 14. The decision was made in order to meet the higher costs in the...
Keywords: hatch back benz, benz car prices details, benz car prices details, hatch back benz
Read MoreRBI's cut in Interest rates for the third time in a year a row 02 June 2015
It seems that the Policymakers recognized the need to put the economy on a high notch. Just days after the data released that showed India outpaced China by growing 7.5% in the March quarter, RBI takes a leap further and...
Keywords: Raghuram Rajan, Raghuram Rajan, Raghuram Rajan, Reserve Bank of India
Read MoreIndian Banks Hike Rates to Lure NRI Deposits 22 December 2011
Interest rates paid by Indian banks on NRE savings, term deposits and ordinary non-resident (NRO) savings accounts were deregulated by RBI. As stated by Central Bank, rates on non-resident deposits cannot go higher than the rates paid on term deposits...
Keywords: State Bank of India, Reserve Bank of India, non-resident deposit rates, non-resident deposit rates
Read MoreRBI Governor says Inflation "quite high" 16 November 2012
Amidst demand for easing of interest rate, RBI Governor D Subbarao on Friday said inflation is "quite high" at 7.45 per cent even as the bank is conscious about economic growth. His remarks come as headline inflation fell to an...
Keywords: RBi, Dr.Subbarao, RBi, Cooperative system
Read MoreRBI frees rates on NRI deposit schemes 20 December 2011
The Reserve Bank freed interest rates on various non-resident deposit schemes, a move that will help attract more funds from NRIs and arrest the slide in rupee in the forex market. The decision to de-regulate interest rates on such deposits...
Keywords: forex market, forex market, NRI deposits interest rates, Ordinary Non-Resident
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