Topic: Interest rate

RBI Monetary Policy Updates

The Monetary Policy Committee of RBI meets four times a year. The committee recently held its meeting on February 8,  2023. This is the first meeting since Finance...

February 8, 2023    Economy & Banking Current Affairs

Recent Wave of Tech Layoffs

Layoff means removing employees from jobs. Dismissing due to a decrease in profits. When the profit of a company is not sufficient to pay all its employees, it...

January 31, 2023    Economy & Banking Current Affairs

EPFO Interest Rate -Update

Employees’ Provident Fund Organization (EPFO) has decided to reduce the interest on provident fund (PF) deposits from 8.5% in 2020-21 to 8.1% in 2021-22. About the reduction in...

March 14, 2022    Economy & Banking Current Affairs

GoI appoints Monetary Policy Committee Members

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were...

October 6, 2020

EPFO lowers interest rate on deposit to 8.50% for FY2019-20

Employees Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on deposits to 8.50 per cent for the current financial year 2019-20. The interest rate, which is...

March 6, 2020

Jyske Bank launchs world’s first negative interest rate mortgage

Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5%...

August 17, 2019

US Federal Reserve’s Rate Cut: Impact on India

The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke...

August 2, 2019

SBI introduces repo-linked home loan product

After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home...

June 11, 2019

6-member Monetary Policy Committee of RBI reduces repo rate

On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from...

June 6, 2019

SBI becomes first Indian bank to link interest rates to RBI’s repo rate

The State Bank of India (SBI) has become the first bank in the country to link its saving and loan interest rates to the Reserve Bank of India...

May 4, 2019

Reserve Bank of India first Asia-Pacific (APAC) central bank to begin interest rate easing cycle

Fitch Ratings has recently said in its APAC sovereign credit overview report that the Reserve Bank of India (RBI) is the first Asia-Pacific (APAC) central bank to begin...

April 25, 2019

RBI tweaked LCR norms to boost liquidity

In a bid to further improve the cash position of banks, the Reserve Bank of India (RBI) has recently tweaked Liquidity Coverage Ratio (LCR) norms to provide an...

April 9, 2019