Interest Rates

Gold Bond Scheme To Open For Subscription On Monday: Interest Rate, Discount And Other Details

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday June 6, 2020

Gold Investment: Sovereign Gold Bonds (SGBs) are government-run bonds - issued by the RBI - denominated in multiples of one gram of gold.

Gold Price Eases, Set For Third Weekly Loss As Risk Appetite Grows

Business | Reuters | Friday June 5, 2020

The US central bank has injected massive stimulus and cut interest rates to near zero to cushion the blow from the coronavirus pandemic.

SBI Surged Nearly 8% On Four-Fold Jump in March Quarter Net Profit

Business | Edited by Peter Noronha | Friday June 5, 2020

SBI Q4 Results: SBI reported a net profit of Rs 3,580.81 crore for the quarter ended March 31, a jump of more than four times from Rs 838.40 crore in corresponding period a year ago

SBI Cuts Interest Rates On Saving Deposits

Business | Edited by Peter Noronha | Wednesday June 3, 2020

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

ICICI Bank Cuts Interest Rates On Saving Deposits

Business | Edited by Peter Noronha | Wednesday June 3, 2020

The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps against the existing 3.25 per cent.

BMW India Announces Easy EMI Plans On New Car Purchases

Edited By Shams Raza Naqvi | Tuesday June 2, 2020

BMW India financial services is offering low initial payments on new BMW and MINI cars sold in the market.

Carmakers Offer Teaser Loans As RBI Softens Stance Amid COVID-19: Report

Business | Reuters | Tuesday June 2, 2020

Teaser loans offer low interest rates for the first few months or years to attract customers, but rates are later rapidly increased.

Coronavirus Lockdown 4.0: Maruti Suzuki Partners With HDFC Bank To Offer Finance Schemes

Edited By Seshan Vijayraghvan | Thursday May 28, 2020

Just days after rolling out a host of different finance option in partnership with Cholamandalam Finance and ICICI Bank, Maruti Suzuki India has now joined hands with HDFC Bank to offer a range of flexible finance schemes for new car buyers.

SBI Lowers Interest Rates On Fixed Deposit From Today. Check Latest Rates Here

Business | Edited by Abhik Deb | Wednesday May 27, 2020

On fixed deposits up to Rs 2 crore, SBI pays a 50-basis-point (0.5 percentage point) higher return to senior citizens compared to other customers.

Fiat India Brings In Special Finance Schemes To Attract Customers

Edited By Shams Raza Naqvi | Wednesday May 27, 2020

The company is offering lowest loan interest rates from banks and coverage in the event of a job loss among other things to its probable customers.

RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

Business | Edited by Peter Noronha | Friday May 22, 2020

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a reduction in the repo rate to 4 per cent from the existing 4.4 per cent in a surprise move to support the economy. That marked the lowest repo rate - or the key interest rate at which the RBI lends short-term funds to commercial banks - recorded since 2000. The reduction in ...

RBI Governor Says GDP Growth Expected To Remain In Negative Territory In 2020-21: Highlights

Business | Edited by Sandeep Singh | Friday May 22, 2020

RBI Governor Shaktikanta Das announced the second cut in the repo rate - or the key interest rate at which the RBI lends funds to commercial banks - this year.

RBI Chief Shaktikanta Das To Hold Briefing At 10 AM

India News | Edited by Arun Nair | Friday May 22, 2020

Reserve Bank of India (RBI) Governor Shaktikanta Das will address the media at 10:00 am. The press briefing will take place days after Finance Minister Nirmala Sitharaman gave details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modito help the economy recover from the shocks linked to the coronavirus pandemi...

PM Vaya Vandana Scheme For Senior Citizens Extended, Interest Rate Lowered

Business | Press Trust of India | Thursday May 21, 2020

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

Gold Rate Moved Higher After US Central Bank Signals More Stimulus

Business | Reuters | Thursday May 14, 2020

Gold prices rose as much as 0.9 per cent but pared gains after the US central bank chief rejected the idea of using negative interest rates as a stimulative tool.