basis points

The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) amounting to 10-12% in fiscal 2024 amid global macroeconomic…

Pakistan's central bank on Thursday (March 2) hiked key policy rate by 300 basis points. The rate was hiked to 20 per cent, the highest in last 26 years. The cash-strapped South Asian country is scrmabling to fulfil another demand by…

Last Updated: February 21, 2023, 11:43 ISTThe three-month MCLR has been raised from 8.70% to 8.80%.According to the Axis Bank website, the new rates went into effect on February 19, 2023.Axis Bank, a private lender, has increased the…

Last Updated: February 22, 2023, 11:44 ISTFor FDs with maturities of two to three years, the interest rate has gone up from 7.25 per cent to 7.50 per cent.The bank has increased the interest rate for deposits maturing in the range of 271…

Last Updated: February 23, 2023, 12:34 ISTBeginning on February 22, 2023, the new MCLR rates have been enforced for their customers.RBL Bank offers overnight MCLR at an interest rate of 8.95%. RBL Bank, a private lender, increased its…

The Reserve Bank of India (RBI) says it is keeping constant vigil. | Photo Credit: REUTERS RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis…

Last Updated: January 17, 2023, 14:27 IST The revised MCLR rates came into effect on January 16, 2023.The EMI on a term loan is expected to rise with the hike in MCLR. Private lender Kotak Mahindra Bank on Monday increased the…

Last Updated: January 11, 2023, 13:07 ISTTo control inflation in 2022, the central bank aggressively hiked interest rates.The new rate for one-year maturities has now increased to 8.50 per cent from the existing 8.20 per cent. State-owned…

Last Updated: January 13, 2023, 12:34 ISTMarginal Cost of Fund-based Lending Rate (MCLR) of IDBI Bank as of January 1, 2023.Overnight MCLR rate has been increased to 7.65%, while the rates for loans with terms of one month to six months…

Last Updated: January 03, 2023, 11:39 ISTThe majority of consumer loans, including auto, personal, and house loans, are fixed at the one-year rate. The majority of consumer loans, including auto, personal, and house loans, are fixed at the…