STATE BANK OF INDIA INTEREST RATES
Cooling trade tensions set gold on track for worst week since November
Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetite from the U.S.-China trade agreement weighed on the market.
Gold climbs Rs 1,400 to Rs 96,450/ 10 g; silver jumps Rs 1,000
Gold prices jumped Rs 1,400 to Rs 96,450 per 10 grams in the national capital on Friday due to fresh buying from jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity climbed Rs 1,400 to Rs 96,000 per 10 grams (inclusive of all taxes).
SBI reduces deposit rates by 20 bps in all maturity buckets
State Bank of India has reduced its deposit rates by 20 basis points across all maturity periods, including the special 444-day scheme, effective Friday. The 444-day scheme now offers 6.85% annually, down from 7.05%. This is SBI's second deposit rate cut following the Reserve Bank of India's easing of interest rates in February.
India bonds inch up tracking US Treasuries; debt supply eyed
Indian government bonds experienced gains in early trading, influenced by rising U.S. Treasuries, as traders prepared for a weekly debt sale. The positive sentiment was further supported by signs of a slowing U.S. economy, increasing expectations of Federal Reserve interest rate cuts.
U.S. banks sitting on $500 billion in unrealized losses as stagflation fears raise alarms of a repeat of Silicon Valley Bank-like collapse
A new crisis is brewing in the US banking sector. Banks are holding huge unrealized losses. The losses are linked to securities investments. Experts are worried about the rising benchmark Treasury yield. Stagflation could worsen the situation. High interest rates and credit losses are major concerns. Another banking crisis is possible if the situation worsens.
Average rate on a US 30-year mortgage rises to 6.81%, its highest level since late April
The average rate on a 30-year mortgage in the U.S. rose above 6.8% this week, returning to where it was just three weeks ago.
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Has SBI lowered its home loan lending rates again? Check latest rates for May 2025
State Bank of India has decided to keep its key lending rates unchanged for May 2025, following a 0.25% rate cut in April 2025. This decision maintains stability across both MCLR and external benchmark-linked rates like RLLR. The External Benchmark Rate (EBR) is 8.
Indian Bank launches 2 new FDs, discontinues two other FD schemes: Check details here
Indian Bank has revised its fixed deposit interest rates, introducing IND SECURE (444 days) and IND GREEN (555 days) special retail term deposit products, both launched on May 8, 2025.
SBI plans to raise up to $3 billion in FY26
Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal. The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.
FD interest rate up to 8.25%: PNB, Kotak Mahindra Bank, DCB Bank revise FD rates
Several banks, including Punjab National Bank, Kotak Mahindra Bank, and DCB Bank, have adjusted their fixed deposit interest rates. These revisions impact various deposit tenures. Punjab National Bank and Kotak Mahindra Bank's updated rates take effect on May 14, 2025. DCB Bank's changes are already in place since May 7, 2025.
SCSS vs Senior Citizen Bank FDs: Which offers the highest interest rate?
The government-backed Senior Citizen Savings Scheme (SCSS) and bank-offered Senior Citizen Fixed Deposits are two popular investment options for senior citizens to plan a steady income and the safety of capital.
Can Union Bank maintain its momentum after a 13% stock surge?
The loan book grew by 9.5% to ₹9.5 lakh crore while deposits rose by 7.2% to ₹13.1 lakh crore year-on-year compared with 6.7% and 3.8% growth in the previous quarter, respectively. Credit growth was buoyed by 22.1% increase in retail loan book and 12.5% rise in the micro, small, and medium enterprises (MSME).
PSU banks may take a hit on margins as interest rates dip
State-owned banks saw a 26% profit surge in FY25. However, net interest margins may face pressure this fiscal year. Banks like State Bank of India, Canara Bank, and Punjab National Bank anticipate lower margins. Geopolitical factors and potential US tariffs contribute to uncertainty. Credit growth forecasts are also tempered. Overall bank credit is expected to grow.
Gold tanks Rs 3,400 to Rs 96,550/10 g as US-China trade deal curbs demand
Gold prices tanked sharply by Rs 3,400 to Rs 96,550 per 10 grams in the national capital on Monday as traders shifted from safe-haven buying after the US declared a 90-day pause on tariff against Chinese imports.
FD interest rate up to 9.10%: This bank hikes fixed deposit interest rates by 41 bps; Check details here
Suryoday Small Finance Bank has increased its fixed deposit interest rates for deposits under Rs 3 crore, going against the trend of rate cuts by major banks following the RBI's repo rate reduction. The bank is offering rates up to 8.60% for general customers and 9.10% for senior citizens on select tenures.
Union Bank shares rise 4% after Q4 profit jumps 50%; management flags margin pressure
Union Bank of India reported a 50% YoY rise in Q4 net profit to Rs 4,985 crore, aided by higher non-interest income and lower provisions. However, the bank warned of NIM pressure due to potential RBI rate cuts. Loan growth missed FY25 targets, and operating expenses rose. Analysts remain bullish, with a 16% upside potential.
Charting the global economy: Chinese exports to the US slumped
Global central banks are responding to economic uncertainty fueled by US trade policies. The Bank of England cautiously cut interest rates, while the Federal Reserve held steady amidst tariff concerns.
FD interest rate up to 8.25% for senior citizens investing for one year tenure
Several banks are still offering high interest rates on fixed deposits (FDs) for senior citizens. Rates go up to 8.25% for one-year tenures on deposits under Rs 3 crore. Moreover, the TDS threshold for senior citizens has been increased to Rs 1 lakh from April 1, 2025 which means senior citizens can invest more money in FDs without worrying about TDS. Read below to know more.
RBI eases FPI rules on corporate bonds to boost foreign inflows
The central bank Thursday eased rules for foreign portfolio investors (FPI) to buy local corporate bonds by lifting caps on short-term debt investment limits at a time rate differentials between India and the US are at the narrowest in recent memory.
Personal loan interest rates May 2025: Which bank is offering the lowest interest rate?
Personal loan interest rates are influenced by several factors, such as your credit score, income level, employment stability, loan amount, repayment tenure, and the lender's evaluation of risk.
Cheaper home loan from Bank of Baroda: Lowest rate starts from 8% for these borrowers
Bank of Baroda has reduced home loan interest rates by 40 bps, starting at 8.00% p.a. for new borrowers, effective May 5, 2025. This reduction follows the RBI's policy rate cut, with revised rates applicable to fresh and home improvement loans above Rs 15 lakh. Concessions are available for women, young borrowers, and balance transfers.
Pakistan central bank cuts policy rate by 1 pc amid easing inflation
Pakistan's central bank has reduced the policy rate by 1% to 11% due to easing inflation, as announced on Monday. The State Bank of Pakistan's Monetary Policy Committee (MPC) cited lower-than-expected inflation in April, driven by reduced prices in essential food items and energy. This cut is expected to stimulate economic growth by making loans more accessible for businesses.
SBI research predicts aggressive rate cuts by RBI in FY26 amid benign inflation
SBI Research anticipates aggressive rate cuts by the RBI in FY26, potentially totaling 125 bps, driven by a 67-month low CPI inflation of 3.34% in March 2025.
Bank of Baroda, Kotak Mahindra Bank revise FD interest rates: Check latest rates in May 2025
Bank of Baroda and Kotak Mahindra Bank have revised their fixed deposit interest rates. Bank of Baroda decreased rates on deposits below Rs 3 crore. Kotak Mahindra Bank reduced rates by 50 bps for a specific tenure.
Lower home loan EMIs: List of banks that have reduced home loan interest rates after RBI rate cut
Home loan EMIs: Following the Reserve Bank of India's repo rate cut, several public and private sector banks, including SBI, Bank of Baroda, and HDFC Bank, have reduced their lending rates across various retail loan segments. Here is the list of prominent banks that have reduced their home loan interest rates.
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