deposits

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme for senior citizens

SBI cuts benchmark lending rate by 15 bps; launches special deposit scheme for senior citizens

The country's largest lender has introduced a new product 'SBI Wecare Deposit' for senior citizens in the retail term deposit segment to ...Read More

Yes Bank bailout undermines depositor confidence in private banks: Moody’s

Yes Bank bailout undermines depositor confidence in private banks: Moody’s

The Yes Bank rescue has undermined confidence of depositors in private sector lenders and will lead to smaller entities losing deposits t...Read More

Bandhan Bank FY20 deposits rise 32 pc to Rs 57,073 cr

Bandhan Bank FY20 deposits rise 32 pc to Rs 57,073 cr

Bandhan Bank on Monday said its total deposits grew by 32 per cent to Rs 57,073 crore during the fiscal ended March 2020.

HDFC Bank reports 7.41% rise in deposits in March-qtr

HDFC Bank reports 7.41% rise in deposits in March-qtr

HDFC Bank has bucked what was emerging as a trend of private sector lenders facing a fall in deposit base during the March quarter.

YES Bank Crisis: Why the private lender's deposits declined last year

YES Bank Crisis: Why the private lender's deposits declined last year

This is because the customers withdrew over Rs 18,100 crore that reflected in the banks deposits

Bank credit grows by 8.07%, deposits 9.92%

Bank credit grows by 8.07%, deposits 9.92%

In the previous fortnight ended Oct 25, 2019, bank credit had grown by 8.90% y-o-y to Rs 98.39 lakh cr.

Deposits in Jan Dhan accounts cross Rs 1 lakh crore

Deposits in Jan Dhan accounts cross Rs 1 lakh crore

PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country

‘Think out-of-box’ : Jaitley advises banks that seek higher capital

‘Think out-of-box’ : Jaitley advises banks that seek higher capital

New Delhi : Finance Minister Arun Jaitley on Tuesday nudged banks to think “out-of-box” while doing business and dealing with challenges,...Read More

Cash deposit limit in Jan-Dhan accounts set at Rs 50,000: Fin Min

Cash deposit limit in Jan-Dhan accounts set at Rs 50,000: Fin Min

New Delhi: With reports of Jan-Dhan accounts being used by other people to deposit their unaccounted cash, the Finance Ministry on Tuesda...Read More

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Demonetisation effect: All cash deposits to be collated for monitoring

The banks have to also report to the government on the Jandhan accounts of the poor if they are used to convert black money into white

‘Need to tackle illegal deposit raising’

‘Need to tackle illegal deposit raising’

Mumbai : The Reserve Bank Governor Raghuram Rajan on Thursday said it is important to tackle illegal raising of deposits while the crime ...Read More

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Govt to cut interest rates on some small savings schemes from April

New Delhi : The finance ministry today said it will cut interest rates on some small savings schemes, including 1-3 year postal term depo...Read More

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Bid to pull Muslims to invest in banks

New Delhi : The Islamic Shariat prohibits the Muslims take interest on money deposits that keep them away from the banks’ schemes offerin...Read More

City Union Bank Q2 net jumps 15% to Rs 108 cr

City Union Bank Q2 net jumps 15% to Rs 108 cr

City Union Bank reported a 15 % jump in net profit at Rs 107.84 crore for the second quarter ended September 30, mainly due to drop in co...Read More

Govt likely to lower small savings interest rate

Govt likely to lower small savings interest rate

New Delhi:  The government is likely to lower interest rates on small savings like PPF and post office deposits to bring them in line wit...Read More

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Bandhan Bank fixes interest rates           

Kolkata : Bandhan Bank has fixed the rates of interest for savings and term deposits which would be offered to account holders after it s...Read More

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Axis Bank cuts bulk deposit rates by 25 bps

Mumbai:  Country’s third-largest private sector lender Axis Bank announced a rate cut of up to 0.25% on its bulk deposits across three di...Read More

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Govt sets up panel on unclaimed PPF, small savings deposits

New Delhi:  Finance Minister Arun Jaitley has set up a committee under RBI Deputy Governor H R Khan to assess the amount of unclaimed dep...Read More

Rajan, watchful of inflation, says govt action to offset weak rains

Rajan, watchful of inflation, says govt action to offset weak rains

Warning that poor southwest monsoon this year could pose risks to both growth and inflation, RBI Governor Raghuram Rajan keeps repo rate ...Read More

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