Depositors can expect more hike in FD rates

While this increase is not as much as the increase in lending rates, depositors could still expect to earn 7-7.5% in FDs with tenure from 3-5 years.

published on : 17th March 2023

Rising rates tip the balance in favour of FDs, debt funds

Investors’ strategies need a rethink in 2023 as long-term fixed income instruments are offering higher yields compared to other asset classes

published on : 9th January 2023

HDFC Bank’s loans, deposits grow over 19 per cent in Q3

Private sector lender HDFC Bank has reported strong growth in loans and deposits in the third quarter of current financial year.

published on : 5th January 2023

Bank FDs yield positive returns as inflation falls

Returns on FDs are considered positive when banks offer higher rates than inflation while negative returns mean when inflation is higher than interest rates.

published on : 19th December 2022

After drubbing in MCD polls, many forced forefeit deposits

Security deposits of candidates from political parties and independents were forfeited in  the Municipal Corporation of Delhi elections this year. 

published on : 9th December 2022

Andhra| Notices to Margadarsi for violations soon: IG

Large scale violations and irregularities were unearthed. The foremen don’t have any control of chit accounts and no knowledge of the bank accounts and affairs of the chit business.

published on : 29th November 2022

Bank credit up by 17.2 per cent in Q2; deposits grow 9.8 per cent

RBI says credit growth remained broad-based as all population groups, bank groups recorded double-digit growth

published on : 29th November 2022

Banks inadequately pricing risks, scurry to garner deposits and lend more: SBI report

The average net durable liquidity injected into the banking system in April 2022 was Rs 8.3 lakh crore, which is nearly a third of that now at Rs 3 lakh crore.

published on : 8th November 2022

'Remittance money is going for setting up small businesses, property purchase': Federal Bank CEO

Shyam Srinivasan, CEO of Federal Bank, said the bank is re-launching 'Launch Pad', a platform akin to an incubation facility that would provide a common platform for startups to come and operate.

published on : 4th September 2022

Income tax department seizes unaccounted Rs 55 crore from ex-fund manager

The raids were conducted on 25 premises across Mumbai, Ahmedabad, Vadodara, Bhu and Kolkata.

published on : 6th August 2022

OMECL ties up with global consortium for mineral exploration

This exploration programme will lead to the discovery of hidden mineral deposits across the State using the latest technology.

published on : 5th August 2022

RBL share tanks 7 per cent on slowing deposit growth 

 The bank said asset quality parameters on the portfolio continue to see improvement in Q1FY23, in line with the improving trend of the past few quarters.

published on : 6th July 2022

Smallcase or MF: What’s for retail investors?

Smallcases and MFs provide portfolio-based exposure to equity, but the constructs and mechanics differ a lot

published on : 6th June 2022

EPFO fixes 8.1 per cent as interest rate on provident fund deposits for 2021-22, lowest since 1977-78

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees in March 2021.

published on : 12th March 2022

Fixed Deposits ARE unglamorous, but don’t write them off yet

Your humble Fixed Deposits (FD) appear unglamorous amid falling interest rates and increasing penetration of modern alternatives like the Mutual Funds.

published on : 8th January 2018

SBI cuts down interest rates for Savings Bank Deposits below Rs 1 crore, introduces two-tier system

The country's largest lending bank cut down its interest rate by 0.5 per cent for Savings Bank Deposits below Rs 1 crore, introducing a two-tier structure of interest rates for Savings Deposits.

published on : 31st July 2017

Deadline for depositing old notes ended today

Worst affected by demonetisation were hundreds of millions of farmers, produce vendors, small shop owners and daily-wage labourers.

published on : 30th December 2016