Bank FD to fetch negative real interest with elevated inflation

Bank FD to fetch negative real interest with elevated inflation

Bank FD to fetch negative real interest with elevated inflationOct 12, 2021, 06:22 PM IST

Last week, the RBI said that the Consumer Price Index (CPI)-based inflation is now projected to be at 5.3 per cent for 2021-22 with risks evenly balanced. At this level, the fixed deposit for one year with the country's largest lender State Bank of India (SBI) would rather earn negative interest. The real interest rate would be (-) 0.3 per cent for the saver.

Gold loan NBFCs set to clock 18-20% growth in current fiscal: CRISILOct 12, 2021, 03:14 PM IST

“Gold-loan disbursements have rebounded sharply in the second quarter of this fiscal after a dismal first quarter,” said Krishnan Sitaraman, Senior Director and Deputy Chief Ratings Officer, CRISIL Ratings. “We expect the momentum to continue for the rest of this fiscal."

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