Regardless of Reserve Bank of India (RBI) keeping its repo rate constant at 6.5 per cent, Bank of Baroda raised its MCLR across four tenors by 5 basis points with effect from today i.e., April 12, 2024. Bank of Baroda’s base rate is now 9.40 percent with effect from Friday. Additionally, BPLR for all the existing accounts …
Kotak Mahindra Bank has announced the launch of Smart Choice Gold Loan meant for aspirational customers. The private lender — in a statement — said the loan offers five key features and would turn out to be a compelling alternative to conventional credit options. These key features are: 1) fixed monthly interest rate as low …
Before investing money in a fixed deposit (FD), investors often compare the interest rates offered by different banks. Here we list out the interest rates offered by most major private and public sector banks. The lowest interest rate is in the range of 3-4.25 percent while the maximum interest rate is between 7-7.25 percent. These …
Most conservative investors still opt for safe havens to earn fixed returns on their investment. Among all the options, the safest and most reliable option is fixed deposits (FDs). Those who want to earn marginally higher interest rates on their FDs, at times, lock them in the name of their old parents since banks offer …
In case you are planning to buy a house and are on the lookout for a home loan, you should first compare the rates of interest offered by different banks and then apply for the one that suits you the most. Interest rates on loans above ₹50 lakh ICICI Bank: When the loan amount ranges between ₹35 …
State-owned Punjab National Bank’s (PNB) market capitalization crossed the Rs 1 lakh crore mark for the first time after its stock rallied nearly 80% in the last six months. Meanwhile, in Friday’s trade, the stock rose over 2% to hit a 52-week high of Rs 92, backed by heavy volumes on the NSE. A total …
The Indian economy kept its momentum, growing nearly a percentage point higher than expected at 7.6% in the second quarter, buoyed by the manufacturing and construction sector, with experts suggesting an upside to the full-year number. “Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” …
The Reserve Bank of India on 24 November slapped penalties totaling ₹10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of norms. The apex bank regulatory body made it clear that the action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of …
Bank of Baroda on Wednesday said its capital raising committee will meet on November 18 to discuss and approve the issuance of debt instruments to raise tier-I and tier-II capital. “The meeting of capital raising committee of our bank is scheduled…to discuss and finalize the issuance of Tier I and Tier II debt capital instruments …
Mumbai: Even as the sword of large-scale open market bond sales by the Reserve Bank of India hangs over the debt market, state governments in the poll season have upset bond traders’ demand-supply calculations by overshooting their stated borrowing plans. So far in October, state government bond issuances have outstripped their indicative calendar by 24%, …