Bank Interest

  • Axe the tax: Senior citizens want govt to raise cap on rental incomes February 21, 2013

    Kolkata: The Budget is just around the corner and in 'Axe the tax' CNN-IBN met some senior citizens who want the government to stop levying tax on their bank interests and rental income. It's been more than ten years since Samar Kar retired as a senior bank executive. At 70,...
  • Banks switch to Base Rate, dump old system July 1, 2010

    New Delhi: If you are planning to take a loan perhaps this is the best time to go for it. Interest rates have become more transparent as banks switch to new interest rates system called Base Rate. So what exactly is Base Rate? Starting July 1, 2010 you will know exactly...
  • Bankers hint at a possible interest hike July 29, 2008

    New Delhi: Get ready to cough up more money to the banks. The home loans, vehicle loans and personal loans may just get costlier. While the Reserve Bank of India (RBI) has bitten the bullet and raised both Cash Reserve Ratio (CRR) and Repo rates, the cascading effect on banks will...