On term deposits below ₹2 crore, Fincare Small Finance Bank (SFB) announced an interest rate hike. The higher interest rates are effective from August 21, 2022, according to the official website of the DICGC-Insured Fincare Small Finance Bank. Following the amendment, the bank now grants a maximum interest rate of 7.50% for term deposits with a maturity of 1,000 days to the general public and 8% for seniors.
Alessandra Eusebio/iStock via Getty Images Game over. Interest rates are rising all over the world, and the impacts on equity valuations will be massive as stocks will have to revalue inferior. This week could be one of the most critical weeks for rates, with a 10-year auction on Feb. 9, a CPI printout on the […]
Many expected rising interest rates to be a beacon of hope for those looking to buy in Miami’s competitive real estate market. Under normal circumstances, rising interest rates should cool the market, but housing demand remains so strong and there is so little building land in South Florida that the market looks solid, experts say. […]
Gold prices will plunge in the coming weeks, according to one of the strongest correlations ever seen in the markets. Except you shouldn’t put any weight on that correlation. That doesn’t mean gold won’t decline. But a proper assessment of gold’s outlook must be based on more than a statistical model that has no theoretical […]