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Some small savings schemes see up to 30-basis point hike for Q3 of FY23

Business Standard LogoBusiness Standard1 mo ago

Some small savings schemes see up to 30-basis point hike for Q3 of FY23 - Business Standard

Quick Summary:

The high interest rates on these schemes are frequently blamed by banks for their inability to reduce lending rates.

The government had kept small savings rates unchanged for nine consecutive quarters.

The small savings rates should be linked to government bond yields, which is close to 7.5 per cent at present,” he added.


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Article Details

Author / Journalist: Asit Ranjan Mishra

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 23:10:00 (1 months ago)

News Timezone: GMT +5:00

Ranking: #737 (out of 3378 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 617 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 624309

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 150 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 1 weeks ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

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The story "Some small savings schemes see up to 30-basis point hike for Q3 of FY23" was covered 1 months ago by Business Standard, a news publisher based in India.

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Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly economy and finance news.

The outlet is headquartered in India and publishes an average of 150 news stories per day.

It's most recent story was published 1 weeks ago.

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