BASIS POINTS

The rupee touched an intraday record low of 84.507 to a dollar, but ended stronger at 84.445/$1, despite the US dollar index strengthening to a two-year high, as the Reserve Bank of India (RBI) likely sold the greenback to cap further depreciation i...

As per the notification, the scheme shall come into force from FY24. To qualify, banks must meet at least three criteria, including a positive return on assets (RoA), net NPAs (non-performing assets) below 1.5%, a capital to risk-weighted asset rati...

Waaree Energies is increasing production capacity and expanding into new markets. The company is focused on managing margins as prices decline. Waaree is also investing in green hydrogen and battery storage. The company plans to commission a US plan...

After the revision, HDFC Bank MCLR interest rates will now range between 9.15% and 9.50%. The rates are applicable from November 7, 2024.

The Railway Board has launched a 15-day safety drive to inspect interlocking points and crossings, emphasizing the analysis of recent derailments. This initiative was prompted by a collision in Tamil Nadu, focusing on ensuring component availability...

Goldman Sachs predicts consecutive 25-basis-point rate cuts by the U.S. Federal Reserve from November 2024 through June 2025, targeting a terminal rate of 3.25%-3.5%. This follows the Fed's recent half-point rate cut. The European Central Bank is al...

Atlanta Federal Reserve President Raphael Bostic indicated projecting just one more 25 basis points interest rate cut this year, differing from the median projection of 50 basis points. Bostic emphasized adapting his forecast based on inflation and ...

New credit card rules: The credit card rules for SBI Card, ICICI Bank, and HDFC Bank have been updated by all three banks. Let us examine these changes in credit card rules.

The Indian equity and debt markets rose in September due to the U.S. Fed's rate cut and China's potential rate cut on mortgages. Falling crude oil prices and increased demand for government bonds also contributed to the gains. However, the Indian go...

Latest HDFC Bank loan interest rates: The Marginal Cost of the Fund-Based Lending Rate (MCLR) represents the lowest interest rate that a financial institution must impose on a specific loan. Following the update, HDFC Bank's MCLR interest rates will...

The Federal Reserve is expected to deliver another 50-basis-point interest rate cut in November after U.S. inflation showed signs of cooling. Traders are betting on a policy rate reduction, currently at 4.75%-5.00%, to reach 3.00%-3.25% by mid-2025,...

According to the People's Bank of China, the overnight rate was cut to 2.35%, and the seven-day and one-month rates were lowered to 2.50% and 2.85%, respectively.

"The MPC was thus of view that this environment creates space for a lower policy rate, without compromising on other macroeconomic objectives."

Market expert Ajay Bagga discusses the potential for a 25 basis point rate cut by the US Federal Reserve, with further cuts expected in November and December. He highlights the impact on emerging markets, particularly India, and suggests sectors lik...

ECB Rate Cut: The European Central Bank has cut interest rates again as inflation slows and economic growth falters. The deposit rate was lowered by 25 basis points to 3.50%. Investors are now looking for clues on future rate cuts, but the ECB has n...

"The issue was discussed at a meeting (last month) with the Advisory Board for Banking and Financial Frauds (ABBFF), and it was decided that it will be made mandatory for the lenders to check this list before dealing with such entities and further u...

The Federal Reserve may not announce a steep cut in the interest rates because unemployment figures may improve, and inflation may fall back to the Fed's 2% target by the end of the year. Similarly, the Consumer Price Index continued to cool last mo...

Canara Bank has raised its marginal cost of funds-based lending rate by 5 basis points across all tenors, making consumer loans costlier. The one-year MCLR, affecting auto and personal loans, is now 9 per cent. This adjustment followed the RBI's dec...

Banks adjust deposit rates according to their asset and liability positions and demands for funds in specific tenures. This is the first increase by SBI in deposit rates since December 2023. - Our Bureau