EPFO fails to fix interest rate; FinMin to decide

The Employees` Provident Fund Organisation failed to
take a decision today on the interest rate to be paid to its
subscribers for 2011-12.

RBI draft favours freeing of savings banks interest rate

The Reserve Bank said that deregulation of the interest rate on savings banks accounts would benefit savers, as it would enable lenders to come out with innovative products to attract more funds from low income households.

EPFO trustees to decide interest rate on Sept 15

Retirement fund manager EPFO`s trustee would decide on September 15 the rate of interest on deposits for its over 4.71 crore subscribers for 2010-11 fiscal.

ICICI Bank launches new home loan scheme

ICICI Bank Ltd said on Friday it has launched a new home loan scheme offering a fixed 8.25% interest rate in the first year of the loan to maintain competitive mortgage rates.

Tax concession on edu loan interest extended to all streams

The govt has extended tax concession on interest paid for educational loan to all streams of studies including vocational courses.

`Central bank`s steps will not impact interest rates`

Concerned over high inflation rate, fuelled by rising food prices, Finance Secretary Ashok Chawla Friday said the steps by the central bank to curb liquidity were adequate and assured that interest rates will remain intact.

RBI`s Interest Rate dilemma

It will be a Catch-22 situation for the RBI when it will sit to review the monetary policy on January 29.

RBI`s Interest Rate dilemma

It will be a Catch-22 situation for the RBI when it will sit to review the monetary policy on January 29.

No interest rate hike likely in six months: SBI

The country`s largest lender, State Bank of India, has said that there will be no hike in lending rates in the next six months as there is surplus liquidity in the market.

RBI can increase interest rate to tame price rise: Rangarajan

The Prime Minister’s Economic Advisory Council chairman, C Rangarajan, on Monday suggested that the Reserve Bank of India could reduce money supply and raise the interest rate to tame the rising prices of food articles.

RBI likely to hike key rates 1.25% next yr: Credit Suisse

Expectations of better growth figure
and rising inflation might prompt the Reserve Bank to hike key
rates and the amount banks need to park with it (CRR) in 2010,
a Credit Suisse report today said.

Subbarao, bankers discuss credit growth, interest rate hikes

Ahead of its second monetary policy review that is on October 27, Reserve Bank Governor D Subbarao on Monday disscussed with bankers credit growth, interest rate hikes and inflation.

SBI cuts 1,000-days deposit rate by 0.25%

The country`s largest PSU lender, State Bank of India, on Saturday reduced interest rate for deposits having 1,000-day tenure by 0.25 per cent to 7 percent.

NSE launches interest rate futures, trades Rs 267 cr on day 1

The National Stock Exchange (NSE)
which launched interest rate futures (IRF) today, registered a
trade volume of Rs 267.31 crore on Day 1, the NSE said in a
statement here.

Interest rates to go up, says ICICI Bank chief

The country`s largest private sector lender ICICI Bank on Thursday said lending rates will start going up any time now, quite contrary to the SBI Chairman`s projection that borrowers can breathe easy till Diwali.

Japan`s central bank holds key interest rate

Japan`s central bank kept its key interest rate unchanged at 0.1 percent Tuesday, and maintained a cautious view on the strength of recovery in the world`s second-largest economy.

European Central Bank rate to stay at 1.0% analysts

The European Central Bank was set on Thursday to leave its main interest rate steady at a record low of 1.0 percent, analysts say, despite tighter credit and concern the eurozone could be hit by deflation.