Interest Rate Archive

Guaranteed Emergency Credit Line (GECL) for MSMEs-Lenders guaranteed by NCGTC

GECL, Guaranteed Emergency Credit Line, ECLGS, NCGTC, 20%,MSME, Emergency Credit Line Guarantee Scheme, National Credit Guarantee Trustee Company, Atmanirbhar Bharat Yojna, MSME, Business enter prises, PMMY, . Scheduled Commercial Banks, NBFC, Rs. 25 Cr, turn over, Rs. 100 Cr, GST registration, interest rate, external benchmark, NBFC, 14%, 9.25%, collateral,
Guaranteed Emergency Credit Line (GECL) is the loan extended to eligible MSMEs/ Business Enterprises being 20 per cent of the loan outstanding as on February 29,2020. The Finance Minister had announced a collateral free, guaranteed credit scheme
24 May 20 Author CategoryBank Loans- General, Banking News, Everything About No Comment Read More

Reduction in term deposit interest rates – Recent trends

Interest rate, fixed deposit, advance, repo rate, senior citizen, debt fund, economy, India
Indian economy has been facing a slow down during major part of the calendar year 2019. The global slowdown arising out of China-US trade war, reduction in oil price, global economic slowdown etc have had its impact
14 May 20 Author CategoryBank Loans- General, Fixed Deposit Interest Rate, Indian Economy No Comment Read More

LTRO – Long Term Repo Operations by RBI

LTRO, Long Term Repo Operations, RBI, Reserve Bank of India, Liquidity tool, MSF, LAF, Repo Rate, Government Securities, Collateral, Reduction, interest rate, borrower, inflation, Liquidity Adjustment Facility, Marginal Standing Facility, Banks
LTRO, Long-term repo operations, is a new liquidity tool announced by the Reserve Bank of India to stimulate the Indian economy. RBI, the central Bank of India, announced the measures on 6th February, 2020. LTROs are effectively
20 Apr 20 Author CategoryBanking News, Banking Terms, Everything About No Comment Read More

Lending Rates- PLR, BPLR and BR- An Overview

Lending rate, PLR,BPLR, BR, MCLR, External Benchmark, interest rate, credit, Prime Lending Rate, Benchmark PLR, Base Rate, SLR,CRR, Financial Sector reforms, Narasimham committee
The interest rate on lending was de-regulated by RBI in October 1994. This was as part of the financial sector reforms initiated in India in 1991. Since 1994, RBI has introduced various benchmarks and guidelines with regard
31 Mar 19 Author CategoryBank Loans- General, Banking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions One Comment Read More

Interest Rate Linked to External Benchmark – SBI Decision & Its Impacts  

Interest rate, SBI, external benchmark, Repo Rate, Savings Bank account, Overdarft, Cash Credit, Rupees one lakh, decision, impact, Monetary policy, resourse, fixed deposit
The proposal to link interest rates of retail loans and loans to SME sector was announced by the Reserve Bank of India (RBI) during the monetary policy in December 2018. The guidelines on this methodology are yet
28 Mar 19 Author CategoryBanking Awareness, Quick Reference No Comment Read More

External Benchmarking of Interest Rates

External benchmark, interest rate, bank loan, MCLR, Retail loans, SME loans, interest transmission, monetary policy, RBI, internally derived rate, base rate, repo rate, . Prime Lending Rate , PLR, Benchmark Prime Lending Rate, BPLR, treasury bill, yield, Financial Benchmarks India Pvt Ltd, FBIL, bargaining power,
Fixing interest rate in relation to an external benchmark was proposed by RBI while announcing the monetary policy review held on December 5, 2018. Banks were suggested to adopt this method for new floating rate loans extended
27 Mar 19 Author CategoryBanking News, Banking Terms - Loans, Everything About No Comment Read More

Comparison of Interest Rate on Domestic Fixed Deposits

Interest Rate on Domestic Fixed Deposits, Comparison, Senior Citizen, major banks, public sector Banks, Private sector Banks, New Generation Banks, Old generation, Private Sector Banks. FD, Term Deposit, PNB, SBI, BOB, ICICI, AXIS, Yes, HDFC Bank, Federal Bank, Karur Vysya Bank, Karnataka Bank, Jammu Kashmir Bank, period, interest rate, IndusInd Bank, Kotak Bank, Best
Fixed Deposit (Term Deposit) is the most famous investment instrument among Indian investors. Comparison of interest rates on domestic fixed deposits offered by major banks in India is provided in the list. Banks in India have been
24 Mar 19 Author CategoryBanking News, Fixed Deposit Interest Rate No Comment Read More

Now Is the Right Time For Home Loan Borrowers-Ignore Interest Rate Directions

Home loan, interest rate, housing loan, asset, inflation, RBI, monetary plicy, repo rate, fixed rate, floating rate, tenure, direction, asset price, cost of borrowing, external bench mark , Bank
Borrowers, especially home loan borrowers, were glad to hear the reduction in repo rate from 6.5% to 6.25% announced by the Reserve Bank of India on February 6, 2019. The reduction in the benchmark rate came as
20 Feb 19 Author CategoryHousing Loan No Comment Read More

Monetary Policy and Its Major Objectives

Monetary Policy, Credit policy, RBI, Monetary authority, Central bank, Lending policy, interest rate, price level, Balance of Payment, BoP, growth, stability, business cycle, monitory method credit control technique, Expansionary, contractionary
Monetary Policy Monetary Policy is the process through which monetary authority of a country controls the supply of money and liquidity in the economy by exercising its control over interest rates. Monetary authority is normally the central
14 Dec 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Savings Bank (SB) account interest rate cut: More Banks reduce rate

Savings bank, interest rate, reduction, cut, SBI, Axis, HDFC, deregulation, RBI, NRE, deposit, MCLR,
Savings Bank interest rate cut initiated by State Bank of India (SBI) has prompted other banks too to take similar step. Taking a cue from the announcement by SBI, four other major banks have announced reduction in
18 Aug 17 Author CategoryBanking News No Comment Read More