The merger with First National Bank of Long Island is expected to enhance the NIM by an additional 10 basis points and improve the loan-to-deposit ratio. By 2026, the company projects operating return ...

Mortgage rates actually increased and have remained a major hurdle for prospective home buyers. Car loans haven't downshifted much, and credit-card annual percentage rates, or APRs, have only crept ...

The government approved a Mutual Credit Guarantee Scheme to enhance credit availability for micro, small, and medium ...

The Federal Reserve’s decision on Wednesday to keep its overnight bank lending rate where it is — following a full percentage ...

The Fed meets eight times a year to assess the health of the US economy and vote on the federal funds rate, the rate banks ...

The average interest rate on new cars fell to 6.8% in the fourth quarter of 2024 - when the Fed first started cutting rates - from 7.4% a year earlier, according to data from the car-buying site ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

A MAJOR high street bank has launched a new mortgage product to help first time buyers borrow more. Barclays Bank’s “mortgage ...

With Finance Minister Nirmala Sitharaman set to present her eighth consecutive budget on Saturday, anticipation is growing among taxpayers who are keen to understand how the proposals will impact ...

SBI's Patrons Fixed Deposit Scheme offers super senior citizens (80+) an additional 10 basis points interest, but its rates ...

Negative interest rates occur when prices begin to start dropping to low levels as the value of a nation's currency increases. At these times, central banks may resort to negative interest rates. The ...

Summary: A 5-year tax-saving fixed deposit (FD) allows individuals to invest a lump sum for five years and claim tax deductions of up to ₹1.5 lakh under Section 80C of the Income Tax Act. These ...