Interest Rates

RBI monetary policy review: What led to the interest rate pause?

Real GDP growth for FY23 is expected at 7%, indicating resilient economic activity

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Australia pauses rate hikes to assess tightening impact, inflation in focus

In March, two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw a growth of 12 per cent, 69 per cent, 14 per cent, and 10 per cent, respectively

Govt hikes interest rates on most small savings schemes by up to 70 bps

Rate on National Savings Certificate steeply raised by 70 bps, PPF kept unchanged

Recap FY23: Five key events that shaped equity markets this fiscal year

The turbulence in FY23 can be attributed to a concoction of interest rate hikes, foreign investment outflows, a global war, soaring food, fuel prices and a global banking crisis

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome

Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

At 8.15% for FY23, EPFO returns are second lowest in over 45 years

EPFO's return in 1977-78 was 8%. It has since been 8.25% or more; the peak was 12%, a rate that remained unchanged between 1989-90 and 1999-2000

EPFO fixes 8.15% interest rate on employees' provident fund for FY23

Fund paid 8.1% interest rate to subscribers in 2021-22, marking a four-decade low

EPFO marginally raises interest rate on PF deposits to 8.15% for FY23

Not enough to meet rising inflation, say some quarters; EPFO likely to distribute Rs 90,000 cr to members' accounts, on a total principal amount of Rs 11 trn

EPFO likely to decide rate of interest on EPF deposits for FY23 by Tuesday

The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday. EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21 in March 2022. This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. "The Employees' Provident Fund Organisation's (EPFO's) apex decision making body Central Board of Trustees (CBT) is likely to decide the rate of interest on EPF for 2022-23 at its two-day meeting beginning on Monday afternoon," a source said. Besides interest rate, the CBT will also discuss the annual accounts of the EPFO for 2022-23. The trustees will also deliberate on the action taken by the EPFO on the Supreme Court order for giving a four-month window to Employees' Pension Scheme 1995 subscribers to opt for higher pension. The EPFO has provided the facilit

EPFO board meet on Monday: Interest rate, higher pension top agenda

The meeting is also likely to focus on the steps to widen the social security organisation's coverage to embrace about 100 million workers and address the dip in its corpus

Powell's playbook

Fed is striving to maintain a fine balance

Bank of England raises interest rates again, sees inflation shock fading

BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster

Rate transmission better in easing cycle than tightening period

Experts said, generally, in an easing cycle banks tend to reduce the interest rates on deposits faster than on loans to protect their margins

Fixed deposit interest rates to go up again? RBI hits at another hike

In the bulletin, the RBI said that the Indian economy is unlikely to face any major repercussions from the ongoing global financial turmoil

Inflows into NRI deposits more than double in April 2022-January 2023

Inflows into NRI deposits more than double in April 2022-January 2023

Will the global economy bend or break?

What's different this time is that global financial stress - which has its genesis in four policy choices made in recent years - is juxtaposed with a more resilient real economy

Lesson for India from the Silicon Valley Bank collapse

The rules of the games are not the same on the US and Indian banking turfs but if risks are mispriced, the fallout could be similar

OECD raises India's FY24 growth forecast by 20 basis points to 5.9%

OECD expects India's gross domestic product (GDP) to grow at 6.9 per cent in FY23 against 7 per cent estimated by the Central Statistical Organisation