Interest Rate

Retail Inflation 2021 In August Eases To A Four-Month Low. Know Why

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Retail Inflation 2021: Prices of vegetables fell 11.68 percent from a year ago, while cereals fell 1.42 percent. New Delhi: The lifting of foreclosure restrictions in several states in August helped lower retail price inflation to its lowest level in four months, as supply-side constraints were reduced, paving the way for economic recovery. Lower food …

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The best way to double your investment – small savings schemes vs joint funds

1 Comment / BUSINESS /

The Treasury has pressured small-scale savings investors to reduce interest rates to 110 points in the April-June quarterly quarter, on Wednesday. However, the order was short-lived. Finance Minister Nirmala Sitharaman rescinded interest rates by tweeting early Thursday. Therefore, at the moment investors will continue to receive old interest rates through the Sukanya Samriddhi Account still …

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Impact of COVID-19: Assocham seeks wage support, interest rate support to assist industry

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The Assocham Industrial Room on Wednesday commended the government for expanding its assistance such as regulatory cuts, wage support, and interest subsidies for MSMEs struggling due to the significant impact of COVID 19. As countries are in the process of reducing locks, trade and industry will need support from all sides to revive the business …

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ICICI Bank says that Rs 175 crore has been provided for compound interest refund

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Private lender, ICICI Bank, said on April 24 that it had provided Rs 175 crore to the borrowers to refund the interest amount at the interest rate. Management told reporters during a conference that after the results were announced. The bank’s net interest income (NII), the difference between accrued interest and interest, increased 16.9 per …

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COVID-19 crisis: Banks can raise interest rates from last year’s quarter in April-June, analysts say

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With the second wave of COVID-19, banks are preparing to angrily increase plans for the April-June quarter to monitor potential losses on their loans due to a resurgence of the disease. Provisions refer to money set aside to cover possible losses on loans when customers fail to pay on time. A loan becomes an NPA …

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