ArticleField.comInternet's Fastest Growing Free Content Article DirectoryBirla Sun Life Asset Management , the third-largest mutual fund, will cut holdings in automobile companies, state-owned banks and capital goods creators as the central bank’s fight against inflation will squeeze earnings in these sectors. Old telecom companies may be a ray of hope despite the scandal in the sector that may hurt only the […]
This announcement will send some cheer to investors of Fixed income securities like Fixed Deposit (FD). In the recent months only, FDs have been giving 9-10% income. Now, this rate hike would mean further increase in the interest rates that FDs offer. It may take some time for that to be transmitted through the banking […]
Banks have got into another round of interest rate hikes. Street expects this hike to be the last of the hikes before interest rates start correcting. Two days after the annual credit policy announcement by the Reserve Bank of India (RBI), as many as seven banks have hiked their lending rates. State-run Allahabad bank and […]
The Reserve Bank of India (RBI) has said in a draft paper that the savings account interest rate should be deregulated. This rate is currently 3.5% and is the only interest rate offered by banks that is imposed across all banks. Even though knowledgeable investors do not keep a significant proporti money in savings accounts, this […]
The central bank raised short-term lending (repo and reverse repo to 7.25% and 6.25% respectively). RBI has asked banks to set aside more money for bad loans, increasing provisions by up to 10%. Also, interest rates on savings deposits were increased by 50 bps to 4%, the first such raise in 19 years. Bank savings […]
