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Tag Archive for 'interest'

Sensex Gains On Expectations About Interest Rate Cuts

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There will be an interest rate cut next week in line with the weaker-than-expected growth in industrial output data. This had boost lender interests such as ICICI. It was really a slow pace of growth with India’s industrial production in February. This cut in interests would surely improve prospects and help some sectors recover in […]

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RBI instructs banks to pay 8% compensation on delayed interest payments

RBI Logo Reserve Bank of India

Reserve Bank of India (RBI) has directed banks to pay a compensation of 8% on delayed interest payments on relief bonds. A circular read, “an agency bank should compensate an investor in relief/savings bonds for financial loss due to late receipt/delayed credit of interest warrants/maturity value, at a fixed rate of 8 per cent per […]

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