My bank Relationship Manager recently reached out to discuss the option of opting for a reduced Equated Monthly Installment (EMI) for my loan. While I appreciate the potential savings that come with a lower EMI, I am seeking your expert advice on the matter. Would you recommend maintaining my current EMI amount to expedite the … Read more
Home loan rates: State Bank of India (SBI), India’s largest lender, has recently announced a reduction in its External Benchmark-based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) for various loans, including home loans. The revised lending rates will come into effect on February 15, 2025. This decision follows the Reserve Bank of India’s (RBI) … Read more
The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6.25%—the first reduction in nearly five years. While this move benefits borrowers, it also signals a decline in fixed deposit (FD) interest rates, posing a challenge for investors, especially senior citizens who rely on FD income. With banks expected … Read more
Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more
Fixed deposit rates: Despite the ongoing fluctuations in the global financial landscape, fixed deposits (FDs) remain a favoured option for conservative investors in India who prioritise stability and reliable returns. Whether aiming for short-term parking of funds or strategizing for long-term investments, numerous banks in the country offer appealing fixed deposit rates. A fixed deposit … Read more
Several banks have floated new fixed deposit schemes and revised the earlier rates ahead of the Reserve Bank of India’s Monetary Policy Meeting to be held next week. The RBI’s MPC will start on June 5, just a day after the Lok Sabha election results would be announced. The experts’ committee of six members responsible … Read more
Recently, the globe went through an international banking crisis. I covered the reasons behind this crisis situation in my previous article. In that context and especially in the context of the failure of SVB Bank in San Francisco, the 16th largest Bank in the US, the current policy outcome of a pause in rate hike … Read more
Mumbai: The Reserve Bank will opt for a larger, 0.50 per cent, hike in key rates at its next monetary policy review in June to protect medium term economic stability in face of the uncomfortable inflation situation, a British brokerage said on Thursday. The central bank will likely revise its inflation estimate to 6.2-6.5 per … Read more
NEW DELHI: India’s GDP growth in July-September reflects a rapid rebound in the economy from the lows of the deadly second wave of the COVID-19 pandemic, but looking ahead the outlook is mixed as improving mobility may be offset by supply-side bottlenecks and signs of weakness in demand for mass consumption goods, Nomura wrote in … Read more