Repo rate hike by 35 bps
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So now we can see 7.5% interest rates on major banks? Why banks giving less hike on long years like 5 to 10 y but till 3 y it's their max interest rates
https://indianexpress.com/article/business/econ...
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Rbl 7.55 for 15 months
Deposit rates are peaking for 3 year FDs simply because banks can/have estimated that repo rate/ loan rate will not decline for atleast 2-3 years. Its very difficult & risky to predict interest rate scenario for long term.. say 5 to 10 years.
Therefore banks are being rightfully cautious & offering higher rates for time period till which they can predict business cycle & interest rates.
It will increase further more as situation will be worsen. Expected 15-30 bps more
Why banks giving less hike on long years like 5 to 10 y but till 3 y it's their max interest rates?
Because it ll be super detrimental to do business. 🙂
HDFC revised wef 14/12/22 @ 7% for 15 months or more...
Looks like finally the time to book. Link :https://www.hdfcbank.com/personal/resources...es
I see it is the same for 15months upto 10yrs, so they might not be looking to increase further in Feb or March...
Please give your views, want to book today...
Us fed increased so will indian Banks
How about the query regarding if HDFC is intending to freeze rates, hence using a long 15m-10yr tenure for 7% ?
Suryoday giving 9+ on 5yrs. Offer valid till 20 dec.