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RBI asks banks not to charge usurious interest rate on loans

Last Updated: Friday, July 18, 2014, 18:35

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.

SBI cuts fixed deposit rate on select maturities by 0.5%

Last Updated: Tuesday, July 15, 2014, 15:09

Interest rate on fixed deposits between 7-179 days has been reduced to 7 percent from 7.5 percent.

CREDAI seeks tax sops on affordable homes, lower interest rate

Last Updated: Monday, June 30, 2014, 21:46

Realtors body CREDAI Monday sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 percent in their budget wish-list to boost growth in the sector.

British rate hike hint boosts sterling, Iraq unrest drives up oil

Last Updated: Friday, June 13, 2014, 15:36

Bank of England Governor Mark Carney said that British interest rates could rise sooner than financial markets expect.

EPFO likely to provide 9% interest for 2014-15

Last Updated: Friday, June 06, 2014, 18:42

Retirement fund body EPFO is likely to provide nine percent rate of interest on PF deposits for the current fiscal to its over five crore subscribers, slightly higher than 8.75 percent paid in 2013-14.

Rate hike still a risk if monsoon disappoints

Last Updated: Wednesday, June 04, 2014, 18:05

India`s new, growth-seeking government and the inflation-focused RBI appear to have joined ranks to bolster the economy, but relations could face a big test should El Nino send food prices sharply higher and raise the odds of a rate hike.

RBI opts for status quo, promises rate cut if inflation drops

Last Updated: Tuesday, June 03, 2014, 16:56

This is the second consecutive time that RBI Governor Raghuram Rajan has kept interest rates unchanged, belying hopes of any reduction in EMIs for home and auto loans.

RBI keeps interest rates unchanged; EMIs to remain same

Last Updated: Tuesday, June 03, 2014, 08:56

The Reserve Bank of India on Tuesday maintained the status quo with regard to the key interest rate in its monetary policy review in view of the need to curb inflation, which has remained stubbornly high.

Brazil holds key interest rate steady

Last Updated: Thursday, May 29, 2014, 08:58

The central bank`s monetary policy commission (Copom) said the decision reflected "macroeconomic trends and the inflation outlook."

RBI eases rules for loans to exporters

Last Updated: Wednesday, May 21, 2014, 15:47

The RBI also said banks cannot charge interest rates exceeding 200 basis points above LIBOR.

RBI's best tool to control inflation is interest rate: Rajan

Last Updated: Thursday, May 15, 2014, 19:35

A fortnight ahead of the next bi- monthly monetary policy review, Reserve Bank Governor Raghuram Rajan on Thursday said the "best tool" available with the central bank to control price rise is interest rate.

Tata Motors raises $300 million via debt securities

Last Updated: Thursday, May 08, 2014, 16:10

Tata Motors has raised USD 300 million (about Rs 1,800 crore) through an issue of debt securities carrying a fixed interest rate.