Budget 2020

Private sector banks fall behind in passing rate cut benefits to borrowers

Private sector banks failed to match the Reserve Bank of India‘s reduction in the interest rate in the past year to ease the pain inflicted by Covid-19 while their state-owned peers have been generous in extending the benefits to borrowers by reducing more than the central bank. The average fall in lending rates for banks […]

Budget 2020

Gold rate today: Yellow metal trades flat, silver tops Rs 70,000

NEW DELHI: Gold prices were almost flat on Wednesday, as concerns over possibility of a higher US interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. The gain in US treasury yields over the comments of rate hikes from Treasury secretary Jennet Yellen pressured gold […]

Budget 2020

Gold rate today: Yellow metal trades lower, silver near Rs 70,800

NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The […]

Budget 2020

SBI hikes its best home loan interest rate from 6.7% to 6.95%

(This story originally appeared in on Apr 05, 2021) MUMBAI: The country’s largest lender SBI has said on its website that its home loan rates will start from 6.95%, effective April 1. Last month, the public sector bank had announced a special offer valid till March 31, wherein home loans were available starting from 6.7%. […]

Budget 2020

SBI hikes home loan rate to 6.95%

With the revision, the lowest rate of 6.70% regime for limited period ended in March 31. Country’s largest lender State Bank of India (SBI) has revised its home loan rate to 6.95% effective April 1. With the revision, the lowest rate of 6.70% regime for limited period ended in March 31. During the limited period, […]

Budget 2020

Small savings: What triggered the rate reversal

The government on Thursday reversed interest rate cuts across a host of small savings schemes announced a day earlier. Small savings scheme rates are reset quarterly, and have been falling over the past few years. A look at the small savings and trend rates. 1. Small savings collections have been rising over the years 2. […]

Sports

‘Morgan should miss a few games’: England’s slow over rate criticised in 1st ODI vs India

England’s slow over rate in the first ODI vs India at the Maharashtra Cricket Association Stadium in Pune on Tuesday was criticised by former players and commentators. The first innings in the match took almost an additional 45 minutes to finish as India scored 317/5 in 50 overs. Skipper Eoin Morgan should be “having to […]