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.
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
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.
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.
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.
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.
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
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.
'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.
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.
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.
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.
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
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.
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.
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.
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.
AAI gives target to airports to achieve 100% use of Green Energy by 2024
Loss of seniority of candidates recommended earlier 'matter of grave concern': SC Collegium
Former Karnataka CM S M Krishna, industrialist Kumar Mangalam Birla get Padma awards
IND VS AUS: Australia post 269 despite fine bowling efforts from Hardik, Kuldeep
Indian mission in London's security heightened as British Sikh groups call for protests
HC declares void divorce given to Indian couple by US court, orders husband to pay wife Rs 25L