Private sector lender Karnataka Bank has changed interest rates on term deposits ₹2 crores. On the official website of the bank, it is stated that the new rates will come into effect on September 1, 2022. The bank has now introduced a new term of one year, on which it will now guarantee interest rates of 6.20 % for the general public and 6.60% for the elderly.
05/05/2022 – Press releases -The weighted average interest rate on new deposits remained unchanged at 0.04% in March 2022, while the weighted average interest rate on new loans increased to 3.82%.-The interest rate differential between new deposits and loans increased to 3.78 percentage points.-The weighted average interest rates on outstanding deposits remained unchanged at 0.03%, […]
Inflation and the attempt to offset it with higher interest rates impact almost every area of the economy and people’s daily lives. In the world of corporate sales, where leverage and transaction financing play a critical role, one would think that the potential repercussions of accelerating interest rates would be enormous and disastrous. While I […]
Banks and other financial names have regained center stage on Wall Street this earnings season on the prospect of higher interest rates. Movements in these stocks naturally affect the prices of exchange-traded funds (ETFs) that focus on these stocks. JPMorgan Chase (NYSE:) kicked off the Q1 season last week with a worse than expected which […]