Banks feel heat on CASA deposits as interest rates climb

Banks feel heat on CASA deposits as interest rates climb

Banks are seeing a dip in the low-cost CASA (current account savings account) deposits as part of th..

Canara Bank launches Mahila Samman Savings Certificate with 7.5% interest

Canara Bank launches Mahila Samman Savings Certificate with 7.5% interest

Canara Bank has rolled out Mahila Samman Savings Certificate, 2023 scheme across India. It may ..

Govt hikes interest rates on select small savings schemes

Govt hikes interest rates on select small savings schemes

The government has hiked interest rates on select saving schemes by up to 30 basis points for the Ju..

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

The share of loans bearing over 9% interest rate rose to 56.1% in March 2023 from 31.4% a year ago, ..

Challenges in moving from pause to interest-rate cuts

Challenges in moving from pause to interest-rate cuts

Are we headed for an interest rate reversal with the Reserve Bank of India (RBI) pressing the pause ..

Withdrawal of Rs 2,000 notes to have little impact on deposit growth, interest rates

Withdrawal of Rs 2,000 notes to have little impact on deposit growth, interest rates

The reverse flow of Rs 2,000 notes to the banking system will ease liquidity to a certain extent but..

Rs 2,000 withdrawal to have favourable impact on bank deposits and interest rates: SBI study

Rs 2,000 withdrawal to have favourable impact on bank deposits and interest rates: SBI study

The withdrawal of Rs 2,000 currency note is likely to be a non-event but it will have a favourable b..

Why RBI bet on a pause in interest-rate increases

Why RBI bet on a pause in interest-rate increases

Why did the Reserve Bank of India (RBI) press the pause button on interest rates when the wide marke..

US Federal Reserve raises interest rates by 25 basis points

US Federal Reserve raises interest rates by 25 basis points

The Federal Reserve has hiked interest rates by another quarter of a percentage point to a range of ..

Home loan growth slows amid rise in interest rates

Home loan growth slows amid rise in interest rates

Home loan growth, the prime driver of bank credit in the retail segment, is slowing down following t..

Govt hikes interest rate on small savings; PPF rate unchanged

Govt hikes interest rate on small savings; PPF rate unchanged

The government has increased the interest rates on eight small savings schemes in the range of 20-11..

Axis Bank hikes interest rates on FDs to high of 7% for general public

Axis Bank hikes interest rates on FDs to high of 7% for general public

A month later, Axis Bank has increased interest rates once again on fixed deposits for amounts less ..

Strong loan growth in FY23 despite higher interest rates: Fitch

Strong loan growth in FY23 despite higher interest rates: Fitch

Despite higher interest rates, bank credit in India will see strong growth in the current financial ..

SBI ups loan interest rates again

SBI ups loan interest rates again

State Bank of India (SBI) has hiked its marginal cost of funds-based lending rate (MCLR) across teno..

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates ..