Public sector lender Bank of India (BOI) has raised interest rates on term deposits of less than ₹2 cr. According to the bank’s official website, the new rates are effective from 01.10.2022. Just a day after the Reserve Bank of India (RBI) hiked the repo rate by 50 basis points to 5.90% on Friday, the BOI announced higher interest rates on term deposits. The BOI now offers retail investors an interest rate range of 2.85% to 5.75% on term deposits with maturities between 7 days and 10 years. Investors in BOI fixed deposits will now enjoy a maximum interest rate of 6.05% on accounts maturing in 555 days.
Revision of LIC Housing Finance FD interest rates. Check the latest rates in effect from May 24 New Delhi: Days after Reserve Bank of India Governor Shaktikanta Das announced a 40 basis point hike in the repo rate on May 4, LIC Housing Finance (LIC HFL) has revised its interest rates on deposits fixed (FD). […]
Amid uncertain and volatile markets, François Savary, CIO at Prime Partners, discusses the latest developments in global markets with this news service. Geneva-based consultancy Prime Partners highlighted this week how interest rate swings remain the central issue for the behavior of the economy and financial markets over the coming months. Addressed exclusively to Heritage Briefing, […]
SINGAPORE: It has been a trying six months for investors. From stocks to bonds, markets have been hit hard by the Russian-Ukrainian war, soaring inflation and rising interest rates. COVID-19 uncertainties persist and recession risk is back on the radar. Going into the second half of 2022, experts said the coast was far from clear. […]