Bank Interest Rate

SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy

An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent

Banks' net interest income soars by a record 25.5 pc in Q3: Analysis

Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric net interest margin (NIM) rose by 17 basis points (bps) to 3.28 per cent. This was possible as banks repriced existing loans higher at a faster rate and also increased the new loan pricing, but kept deposit rates almost unchanged, according to an analysis by Care Ratings' senior director Sanjay Agarwal. But the rise in NIM was led by private sector banks, thanks to their operational efficiencies, at 4.03 per cent, up 15 bps on-year. State-owned banks registered NIM at 2.85 per cent, up 17 bps on-year. Net interest income or NII is the main revenue head for banks and is the difference between interest earned on advances and the interest paid to depositors/funds raised from ...

Borrowing costs bite: Interest-rate surge hurts corporate profits

Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23

New Pakistan finance minister vows to tame inflation and cut interest rates

Ishaq Dar says no one will be 'allowed to play' with currency market, sees Pakistan's rupee currency is undervalued

Bank of Baroda launches special deposit schemes offering interest up to 6%

Bank of Baroda has launched a new deposit scheme offering interest rates of up to 6 per cent on domestic retail term deposits. The 'Baroda Tiranga Deposit Scheme' marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest rates, the bank said in a release on Tuesday. The scheme, to be available till December 31, 2022, has two tenor buckets of 444 days and 555 days, offering interest rates of 5.75 per cent per annum and 6 per cent per annum, respectively. The scheme was launched on Tuesday and is applicable on retail deposits below Rs 2 crore, the bank said. Senior citizens will get additional interest rates on their deposits under the scheme.

China hits 'liquidity trap' as low lending rates fail to spur bank loans

China's Central bank data showed a sharp slowdown in aggregate financing, a broad measure of credit, in July, as new loans and corporate bond issuance weakened

FRAs back in vogue, help insurers in fixed rate of interest for payouts

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

SBI, ICICI Bank up interest rates on certain foreign currency bank deposits

According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent

Negative interest rate and financial repression

Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?

Libor shift: The bank plan to move to alternative reference rates explained

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

Is it curtains for the interest-waiver issue?

Interest is not being waived and the benefit is extended to all - including those who have not availed of the loan moratorium. So, it will not vitiate the credit culture

Strategies to protect your income in a scenario of falling interest rates

Several products offer better rates, especially for seniors; that said, never try to optimise returns when you need money in the short term

Interest rates charged by banks capped at 9.25% under MSME package

Interest rate ceiling for NBFCs loan at 12%; caps are much lower than the normal interest rates charged by these lenders

SBI cuts lending rate by 15 bps, launches scheme for senior citizens

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

Think twice before availing RBI moratorium on your credit card dues

The accumulated dues will be very high, given the high interest cost on credit cards

Bank of India introduces repo-based interest rate for select loan products

Corporation Bank also announced launch of home loans linked with external benchmark

Banks may raise rates to battle eroding profits even as RBI stays 'neutral'

An RBI staff study showed every 100 bps increase in borrowing costs lowers the investment rate by as much as 91 bps