Kotak Bank hybrid home loan locks rate for up to 65 months
Kotak Mahindra Bank has launched a hybrid home loan that lets customers lock their interest rate for up to 65 months. The fixed-rate period can be 39, 52 or 65 months, after…
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PPF, SCSS, SSY: Choose right scheme for your 2026 goals
As of August 8, 2026, the government-backed Public Provident Fund (PPF) offers 7.1 per cent interest per annum, while the Senior Citizens Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY) each pay…
Gold hits seven-week high as weak US jobs data dents rate hike bets
Gold surged to $4,336.02 per ounce on Friday, its highest in seven weeks, after US nonfarm payrolls unexpectedly fell by 23,000 jobs in July, far below the 80,000 forecast. The data slashed…
US employers cut 23,000 jobs in July; prior hiring revised down
US nonfarm payrolls fell by 23,000 in July, a sharp miss of the Dow Jones forecast of an 83,000 gain. The Bureau of Labour Statistics also slashed 103,000 jobs from the combined…
RBI auctions Rs 32k cr govt stock; states to raise Rs 15,300 cr
The Reserve Bank of India conducted two auctions on Tuesday, raising Rs 32,000 crore through central government securities. The 6.36% GS 2031 (10-year) saw strong demand: bids worth Rs 50,030 crore against…
RBI holds rates at 5.25%, lifts FY27 growth forecast to 6.7%
The Reserve Bank of India kept the repo rate unchanged at 5.25% for the fourth consecutive meeting, with the Monetary Policy Committee voting unanimously to retain a 'neutral' stance. Governor Sanjay Malhotra…
Rising deposit costs squeeze bank margins, rates may stay narrow
Reserve Bank of India Governor Sanjay Malhotra flagged a decline in banking system net interest margins to 3.21% in June 2026 from 3.26% a year ago, Livemint reports. Bank credit grew 17.7%…
Trump Maintains Frequent Contact With Fed Chair Kevin Warsh
US President Donald Trump has spoken repeatedly with Federal Reserve Chair Kevin Warsh since Warsh took office less than three months ago, people familiar with the conversations told Hindustan Times. Trump has…
Kevin Warsh Revives Fed’s Old Language of Mystery
The Federal Reserve’s policy statements have shrunk from about 340 words to half that or less under Kevin Warsh, with forward guidance removed, Livemint reports in a summary of The Economist. Warsh…
Yen’s Four-Decade Low Tests Japan’s Monetary Policy Options
The yen fell below 160 per dollar, its weakest level in nearly four decades, as wide US-Japan interest-rate differences, costly energy imports and Japan’s heavy debt pressured the currency. Livemint reports that…
