Bank credit grew by 17.5 per cent year-on-year (YoY) to Rs 131.06 trillion in the fortnight ended December 2, reflecting the continuation of firm demand for loans in the economy, latest Reserve Bank of India (RBI) data showed. Deposit mobilisation increased 9.9 per cent YoY to Rs … Read more
Dhaka and Chattogram divisions account for more than 80 per cent of the total deposits in the banking system thanks to a large flow of savings from state-run enterprises and higher economic activity. Data from the Bangladesh Bank showed that deposits in the scheduled banks in the Dhaka division totalled Tk 9,67,870 crore as of … Read more
NEW DELHI: There is good news for retail investors: fixed deposit (FDs) rates are on the rise, again. Experts say most banks have raised interest rates on fixed deposits and it is now a good time for depositors, especially those who are conservative, to get better and assured returns on these saving instruments. However, investors … Read more
AU Small Finance Bank (SFB) revises interest rates on fixed deposits of less than ₹2 Cr as well as on savings bank deposits. As per the official website of the bank, the new rates are effective as of 12th December 2022. Following the revision, the bank is now offering FD rates ranging from 3.75% to … Read more
Race for deposits: Small finance banks turn up the heat, offer 8%-8.75% return on FDs Moneycontrol Unity Small Finance Bank gives 9% interest to senior citizens on FDs Firstpost 9 banks offering from 7% to 7.50% interest rates on savings accounts in 2022 Mint Senior Citizens can get up to 8.5% Fixed Deposit interest rate with this bank The … Read more
More News 18 Nov 2022 | 8:50 PM Kakinada , Nov 18 (UNI) District Collector Kritika Sukla has said that loans were being distributed for taking up petty trades diverting the families from ID Liquor sale under Parivarthana scheme as a part of the programme to declare the district as free from ID Liquor. see … Read more
Jana Small Finance Bank on Tuesday said it has raised interest rates on savings and fixed deposits up to 8.50 per cent with immediate effect, beating the current inflation rates. Senior citizens (above 60 years) will get the highest return of up to 8.5 per cent on their fixed deposits for 2-3 years. Announcing the … Read more
Jana Small Finance Bank on Tuesday said it has raised interest rates on savings and fixed deposits up to 8.50 per cent with immediate effect, beating the current inflation rates. Senior citizens (above 60 years) will get the highest return of up to 8.5 per cent on their fixed deposits for 2-3 years. Announcing the … Read more
Banks have increased their fixed deposit (FD) interest rates following the Reserve Bank of India’s (RBI) consecutive repo rate hikes since May 2022. RBI has raised the repo rate by a total of 190 basis points (bps) since May Fixed deposits are among the most popular investment options for many, especially conservative investors. “The increase … Read more
Public sector banks’ strong performance in Q2 has resulted in earnings and target price upgrades from analysts. Overall, PSU banks delivered a cumulative net profit of ₹25,685 crore in Q2, winning accolades from Finance Minister Nirmala Sitharaman. However, analysts remain watchful in the medium term as competition among banks to attract deposits is on the … Read more