Many fear that in practice if banks make their customers pay to hold their money, it might lead to a situation where consumers hold on to cash.
The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.
Finance Minister Nirmala Sitharaman launched a strong attack on Rahul Gandhi and the Congress party, accusing them of compromising India's interests on the world stage and selling out farmers and the poor during their time in power.
He feels that RBI could be waiting for a period or an opportune movement when there could be sustained reduction.
Bankers, who spoke to PTI, point to the above indicators and aver the Reserve Bank of India is unlikely to hike reverse repo and repo rates this month.
Abhishek Sharma blasted a half-century from 14 balls -- the second fastest by an Indian batter in T20 Internationals.
With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.
Expressing dissatisfaction over the RBI decision to keep interest rates unchanged, India Inc today said rate cuts were needed to make the industry invest more and drive economic growth.
The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation.
The government on Tuesday said it is not in favour of regulating interest rates charged by micro-finance institutions but emphasised that there should be transparency in amount they charge from the borrowers.
Banks see interest rates staying at the current elevated levels for now.
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
Ahead of Reserve Bank of India's 's slack season Credit and Monetary Policy, Life Insurance Corporation, one of the biggest players in the financial sector
The Reserve Bank of India fears that rising current account deficit in the United States could adversely impact interest rates and inflation globally and India could not be an exception.
While bankers and experts expect the lending rate to fall by about one percentage point in the near-term, the Prime Minister's Economic Advisory Council has strongly pitched for rate cut by the RBI in its monetary policy review later in the month.
Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.
The CPI and WPI data for December 2013 holds the key for the third-quarter monetary policy review to be announced later this month.
State Bank of India chairman A K Purwar said on Friday that interest rates will remain stable in the short term despite rising inflation, and may not remain soft in the medium and long term.
The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.
rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego will answer your tax queries related to the Union Budget 2026-2o27.
The interest rates for lending as well as on deposits should be brought down further to reduce the cost of funds for industry and consumers in the country, Union Minister of State for Finance Anandrao Adsul said on Saturday.
Finance Minister P Chidambaram on Friday said the government is confident about managing inflationary pressures despite rising crude oil prices.
High inflationary expectations may lead to higher interest rates by end-FY10.
State Bank of India and ICICI Bank, two of India's largest banks, on Tuesday said that there would be no immediate hike in interest rates due to the Reserve Bank of India's decision to increase the cash reserve ratio in banks to curb inflation.
Both countries commit to provide each other preferential market access in sectors of respective interest on a sustained basis
While season 1 and 2 had the most sizzling chemistry between the lead pair, the Bridgerton series hasn't peaked since Kate and Anthony. With Benedict and Sophie, the spark and intensity feels further subdued, observes Divya Nair.
Investors need to gear up for a possible rise in interest rates (at least in the short-term) and consequently investment decisions have to keep this aspect in mind.
The steady increase in Indian interest rates is making bank deposits a popular investment option among the Gulf-based Non-Resident Indians.\n\n
How should you, as a consumer, be prepared for a rate cut, if any? Read on to find out more.
The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
To find out how and why changes in interest rates impact fixed income investments, read on . . .
Borrowers, especially those eyeing housing loans in coming months, may not have to worry much as bankers ruled out an immediate hike in interest rates.
He said money supply is under pressure, but interest rates will remain stable in immediate future.
There is nothing wrong with government and RBI having conflicting opinions.
ABN Amro may hike interest rates by 25-40 basis points by middle of 2006 and 50-70 basis points by the end of the year.
'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
The Employees' Provident Fund Organisation (EPFO) is crunching its numbers under pressure for sustaining a 9.5 per cent interest rate in the current financial year.
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