While the RBI's recent rate cut aids small businesses, large corporates might not see immediate benefits as banks are ...
The highest interest rate offered on deposits for a one-year period is 7.75% by Yes Bank, while Bank of Baroda and Canara ...
The Reserve Bank of India has reduced the repo rate, leading banks to soon lower fixed deposit interest rates. Small finance ...
The Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%. This is the first reduction since 2020. The ...
The Reserve Bank of India last week cut the repo rate from 6.50% to 6.25%, the first such reduction since 2020. According to ...
The Reserve Bank of India revises the repo rate once a year. The last time the RBI announced the repo rate was on 7 June 2024 ...
Ahead of the RBI MPC meeting which is set to end on February 7 with a likely cut in interest rates, several banks in India ...
PNB also offers an additional 0.50% interest ... Interest rates for this scheme are aligned with regular FD rates, which range from 4.25% to 7.15%. Additionally, senior citizens get an extra ...
However, banks have refrained from cutting their Marginal Cost of Fund based lending rate (MCLR) which are largely offered to ...
For Q3FY25, Punjab National Bank reported a surge in profits but a decline in core performance, highlighting persistent ...
The decrease in deposit rates results in diminished returns for fixed deposit (FD) investors, particularly senior citizens ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...