Private sector lender Axis Bank has revised its interest rates on bulk deposits from ₹2 Cr and above. According to the bank’s official websites, the new rates come into effect on September 26, 2022. Following the revision, the bank now offers an interest rate ranging from 3.75% to 6.90% for deposits of ₹2 Cr and ₹5 Cr and 4.65% to 6.90% on term deposits maturing in ₹50 Cr to ₹100 Cr and more.
I am writing to you this week from Chesapeake, Virginia, where I stopped to visit my daughter and grandson, Jack. He’s 7 now and I try to see him every term. They are moving so fast growing up these days. We are now deep into a Harry Potter phase, although Minecraft and the dinosaurs are […]
Picking interest rate lows and highs is a lot more complicated than trying to pick stock market lows and highs, but this chart will give us some levels of performance, focusing on the last decade or since 2010 . What’s unusual over the past 14 years – 2008 to 2022 – is that we (investors, […]
Rapidly rising interest rates hold tremendous explosive power for the US economy! Every U.S. yield curve inversion since World War II has been followed by a recession. Both are currently taking place at the same time. As a result, the monetary policy role of the US Federal Reserve is increasingly retrograde and interest rates are […]