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Public sector banks have profited most from the market share of deposits and loans since the global financial crisis broke out in 2008. According to data released by the Reserve Bank of India (RBI): At the end of December 2010, the 19 nationalized banks as a group accounted for 52.2% of total deposits-an increase of […]

Many banks have been raising the rate on short-term deposits since the RBI’s decision to raise key short-term rates in its annual credit policy on May 3. Short-term bank fixed deposit rates have gone up sharply in the past couple of weeks, with banks offering better rates on deposits up to six months, as they […]

Customers with floating rate of home loans have started facing the heat as the interest on home loans goes up by 50-75 basis points. Most banks have informed their customers about revision in the interest rates. Interest rate on home loans is now at minimum 10 %, with most banks increasing rates. Most banks are […]

State Bank of India (SBI) has increased its lending rates by 75 basis points (bps), making its housing, auto and other loans costlier for both new and existing borrowers. Bank’s base rate will then stand at 9.25% and benchmark prime lending rate (BPLR) by 75 bps as well which would mean that existing borrowers will […]

HDFC Bank is the last bank to finally raise lending and fixed deposit. The central bank increased 50-basis points (100 basis points (bps) = 1%) increase in policy rates on 3rd May. This means that all retails loans (car loans, consumer and personal loans) and corporate loans have become expensive but the good news is […]