Economy Updates

The revised interest rates by Bajaj Finance will be applicable to fresh deposits as well as renewals of maturing deposits Consumer financier Bajaj Finance has raised interest rates by up to 10 basis points on its fixed deposits (up to Rs 5 crore) for tenor between 36 months to 60 months, effective May 10. The revised interest rates will be applicable to fresh deposits as well as renewals of maturing deposits. Accordingly, deposits between 36 to 60 months will earn a return of 7 per cent. Deposits between 12 – 23 months will continue to fetch interest of 5.75 per cent, while deposits between 24 – 35 months will earn an interest rate of 6.40 per cent, as was the case earlier. For senior citizens, the interest rate will be 25 basis points higher in each category. The lender has come up with special interest rates for its... read more

At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece Shares of  Bajaj Auto dipped over 2 per cent in early trade on Thursday after the company reported a 2 per cent decline in consolidated net profit for the fourth quarter ended March 2022. The shares of  Bajaj Auto declined 2.58 per cent to Rs 3,804.80 on the BSE. At the NSE, the stock dipped 2.57 per cent to... read more