Interest Rates Articles

Interest rate cuts
February 9, 2020
SBI cuts fixed deposit rates; interest to fall 0.10-0.50% from February 10

SBI’s new interest rates on retail domestic term deposits will fetch you Rs 1,758 to Rs 17,958 less on Rs 10 lakh FD

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Fixed deposit
December 16, 2019
HDFC Ltd fixed deposits: Offering ‘secure’ fixed income of up to 7.61% interest per annum

Special and premium deposits offer fixed rates; regular deposits offer fixed & variable rates; do note that HDFC deposits are not insured

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Savings account rate
October 20, 2019
After SBI, Kotak Mahindra Bank cuts interest on daily balances in savings account

From October 18, interest on balance over Rs 10 lakh and up to Rs 50 lakh stands revised at 5.5% per annum from 6% previously

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RBI Policy Oct 4
October 5, 2019
RBI cuts lending rate by 0.25%: Here is the impact on your loans, deposits, stocks and bond investments

The cumulative transmission of the 1.10% rate cuts prior to the latest action has been only around 0.29% transmission on fresh bank loan rates, but things are expected to change fast

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State Bank of India
September 9, 2019
SBI cuts FD rates for 3rd time in 2 months; fixed deposits to fetch 0.20-0.25% less from September 10

SBI has also reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points which will come into effect from September 10. That will reduce cost of loans

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Interest rates
September 5, 2019
Will linking floating rate loans to external benchmark really cut interest rates for your home loan, car loan?

RBI makes it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1

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interest rate cut
August 24, 2019
FD rates on a downward spiral with SBI cutting rates by 50 bps more; others may follow suit

New lower rates effective from August 26, 2019; applicable to fresh deposits and renewals of maturing deposits The 50 bps cut means interest income will drop by up to Rs 46,300 for Rs 10 lakh FD

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State Bank of India
August 19, 2019
‘As a bank, we have to strike a balance between what we pay to our depositors and what we charge on loans’, SBI chairman Rajnish Kumar

Bank says it has cut repo rate linked lending rate by 85 bps; MCLR has been reduced by 30 bps but more MCLR lowering will mean an impact on depositors

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Rate cut RBI
August 7, 2019
Debt fund managers see additional 40-50 bps interest rate cuts, while bond yields to remain range-bound

Expect gilt yields to remain range bound; money market yields should also remain stable with downward bias, while some think best of the bond rally is behind us

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