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Interest Rate NEWS IN ENGLISH

  • greater interest rate cuts by banks in offing arun jaitley

    Greater interest rate cuts by banks in offing: Arun Jaitley

    June 12, 2015 23:00 IST

    New Delhi: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said.He disclosed this after a meeting with

  • rbi may cut policy rate to spur investment bankers

    RBI may cut policy rate to spur investment: Bankers

    May 31, 2015 16:56 IST

    New Delhi: RBI is expected to cut its policy rate on Tuesday to prop up economic activity and boost investment as inflation remains low and fiscal deficit has been contained.Deflationary pressure persisted for the sixth

  • govt decides to pay 8.75 interest on pf for 2014 15

    Govt decides to pay 8.75% interest on PF for 2014-15

    December 19, 2014 17:44 IST

    New Delhi: Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal.The Finance Ministry has ratified the rate for 2014-15, after a

  • rbi likely to keep interest rate unchanged in tuesday review

    RBI likely to keep interest rate unchanged in Tuesday review

    August 03, 2014 16:56 IST

    New Delhi: Amid fears of poor monsoon impacting food inflation, the Reserve Bank may opt for status quo on interest rate in its bi-monthly monetary policy review to be unveiled on Tuesday. The food inflation remaining

  • government will reduce interest rates on home loans naidu

    Government will reduce interest rates on home loans: Naidu

    May 28, 2014 22:25 IST

    New Delhi: The interest rates on home loans will be reduced, Urban Development Minister Venkaiah Naidu announced Wednesday.Soon after taking charge of the ministry here Wednesday, Naidu said that interest rate reduction is necessary if

  • epfo to decide interest rate on jan 13

    EPFO to decide interest rate on Jan 13

    India | December 23, 2013 17:54 IST

    New Delhi: Retirement fund body EPFO has rescheduled the meet of trustees to January 13 when it will announce interest rate on PF deposits for 2013-14 and may offer its over 5 crore subscribers a

  • rupee shrugs off initial setback to end almost flat vs

    Rupee shrugs off initial setback to end almost flat vs dollar

    November 07, 2013 22:05 IST

    Mumbai: The rupee today fell to its lowest level in five weeks but recouped most of the losses to end almost flat at 62.41 against dollar ahead of European Central Bank's interest rate decision and

  • deposit frauds govt proposes insurance cover hefty penalties

    Deposit frauds: Govt proposes insurance cover, hefty penalties

    October 22, 2013 23:38 IST

    NEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The

  • india was hit hardest but recovery also strongest anand

    India was hit hardest, but recovery also strongest: Anand Sharma

    October 12, 2013 22:48 IST

    ONBOARD PM'S SPECIAL AIRCRAFT: India took the hardest hit during the recent financial market turmoil, but the country has also staged the “strongest recovery”, Commerce and Industry Minister Anand Sharma said today.Despite all the volatility,

  • provident fund interest rate may go up from 8.5 pc

    Provident Fund interest rate may go up from 8.5 pc

    India | October 09, 2013 20:53 IST

    New Delhi: The Employees Provident Fund Organisation will meet soon amid indicatios that it may announce higher interest rate on PF compared to 8.5 per cent interest rate given in 2012-13. The rate of return

  • ban on zero per cent emi not to hurt festive sales durables

    Ban on zero per cent EMI not to hurt festive sales: Durables makers

    September 29, 2013 18:34 IST

    NEW DELHI: Consumers durables manufacturers are upbeat of about having good festive sales despite RBI's ban of interest free installment saying purchase of products through such programmes account for a only a small part of

  • sbi pnb revise interest rate on fixed deposits

    SBI, PNB revise interest rate on fixed deposits

    August 02, 2012 20:13 IST

    New Delhi, Aug 2: Within days of RBI's quarterly review of monetary policy, State Bank of India (SBI) today cut interest rate on fixed deposit of over 5 years by 0.25 per cent to 8.50

  • sbi cuts interest rate for exporters by 0.5

    SBI cuts interest rate for exporters by 0.5%

    June 28, 2012 15:41 IST

    Mumbai, Jun 28: Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks. "SBI has cut

  • epf interest rate will be raised to 8.6 pc this year says

    EPF interest rate will be raised to 8.6 pc this year, says Kharge

    India | April 26, 2012 23:19 IST

    New Delhi, Apr 26: Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers.“The rates were brought down due

  • sbi may cut interest rate to boost credit

    SBI May Cut Interest Rate To Boost Credit

    February 01, 2012 16:57 IST

    Mumbai, Feb 1: The country's largest lender State Bank of India (SBI) is “keen” to cut interest rates in order to boost credit expansion, a top bank official said today.  “All sentiment is building towards

  • epfo may lower interest rate on pf deposits to 8.25 in fy 12

    EPFO May Lower Interest Rate On PF Deposits To 8.25% In Fy'12

    December 08, 2011 21:44 IST

    New Delhi, Dec 8: Retirement fund body EPFO has recommended a cut in interest rate on provident fund deposits to 8.25 per cent for 2011-12 from 9.5 per cent in the last fiscal.“It is observed

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