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Fixed Deposit Interest Rates: In order to control high inflation, the Reserve Bank of India’s (RBI) Monetary Policy Committee raised interest rates in an off-cycle monetary policy meeting last month. It is also expected to raise interest…

As the Reserve Bank of India (RBI) is entering a tight monetary policy regime to control high inflation and raising its key policy rates, banks are also following the suit. Several lenders, including HDFC Bank, ICICI Bank, Kotak Mahindra…

Banks have raised their interest rates in the past few months as part of efforts to control inflation and make up for the higher cost of funds. Recently, several banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bank of Baroda,…

Bank Fixed Deposits: Banks across India have been hiking their interest rates on loans and deposits ever since the Reserve Bank of India increased its repo rates in an off-cycle Monetary Policy Committee (MPC) meeting earlier this month.…