banking News, Indian banking Latest News update, Indian Banks, Lending Rates, Banks Interest Rates
Business Today
Banking

Ever since RBI's last policy meeting on January 25, where it raised its benchmark rates, almost all the banks have hiked their deposit rates.

 
 
While PNB raised its benchmark prime lending rate (BPLR) by 50 basis points to 13 per cent, Allahabad Bank increased it by 25 basis points to 13.50 per cent.
A look at the recent rulings that can affect you:
High-leverage currency derivatives can help you benefit from forex volatility, but a wrong decision can wipe out your investment.
Which seems easier-paying Rs 20,000 a month or Rs 24,000? Okay, no prizes for guessing the obvious. The former will be much simpler to take out of your budget.
 
 

State-run Bank of Baroda and Canara Bank announced an increase in their benchmark prime lending rate by 0.5 per cent with effect from Friday.

Following a mandate by the Reserve Bank of India, banks have added an extra security layer to phone banking transactions.
Find out how your 'biased reasoning' may lead to financial blunders and how to save yourself from falling prey to it.
The short-term lending (repo) rate has been hiked to 6.50 per cent and the borrowing (reverse repo) to 5.50 per cent, a move that will make funds expensive for banks.
Mobile banking recently got a boost with the introduction of Inter-bank Mobile Payment Service, a real-time electronic fund-transfer service.
Advertisement