Deposit

Indian banks favour senior citizens with higher deposit interest rates, but neglect the 28-55 age group. To attract younger customers, banks must innovate, perhaps by offering equity-like deposit products with guarantees, supported by regulatory and government backing

The regulator has a clear view on riskier segments: if growing faster, temper it down: SBI’s Ashwani Kumar Tiwari

On the lagging deposit growth in the Indian banking system, State Bank of India’s Managing Director Ashwani Kumar Tiwari said that the same is expected to come in line by next year.

Banks to mop up $36 billion in deposits as debt funds come under tax net

The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body.

RBI Study: 32% of survey respondents in Mizoram know only about savings accounts

The study evaluates the determinants of financial inclusion and financial literacy in the under-banked north-eastern region of India based on primary data collected through a survey in the State of Mizoram.

In search of deposits, bankers embark on door-to-door campaign

Video of Canara Bank employees selling FD scheme on road is from Goregaon East, Mumbai, confirm branch employees.

SBI hikes savings deposit rate by 30 bps for Rs 10 crore and above

The bank said the new pricing of 30 bps more on deposits, is applicable for Rs 10 crore and above, and is effective from October 15.

Bankers set eyes on double-digit loan growth in FY23 as credit demand makes comeback

Low base, small ticket size loans, working capital requirements, and a shift to bank borrowings on account of high yields in the capital market continue to drive growth, rating agency CARE Edge said in a note on Tuesday.

Budget 2021: Withdrawing deposits from stressed banks to get simpler

Depositors will be able to get immediate access to their deposits up to Rs 5 lakh under the deposit insurance scheme

Bandhan Bank and IDFC First Bank offer the best rates on savings accounts

Bandhan Bank and IDFC First Bank offer interest rates of up to 7.15 per cent and 7 per cent, respectively, on their savings account. HDFC Bank and ICICI Bank offer much lower rates

IndusInd Bank and RBL Bank offer the best rates on one-year fixed deposits

IndusInd Bank offers 7 percent interest, while RBL Bank gives 6.75 percent on one-year fixed deposits

Yes Bank and LVB cases: Are bail-ins preferred by the RBI in its rescue acts?  

In Yes Bank’s and LVB’s cases, a set of stakeholders was made to bear the losses

DCB and IndusInd Banks offer the best interest rates on tax-saving fixed deposits

DCB Bank and IndusInd Bank offer 6.95 percent and 6.75 percent interest, respectively, while SBI offers 5.40 interest on tax-saving deposits

Lakshmi Vilas Bank curbs: Here’s what customers should do immediately

Lakshmi Vilas Bank account holders can withdraw up to Rs 25,000, including outflows on SIPs and EMIs. Your money is safe. But change bank mandates soon. The merger with DBS Bank will smoothen things

The best mode of operating an FD account that factors in emergency withdrawals 

Instructions must be given in the form at the time of opening the FD account

Private and foreign banks that offer up to 7% on one-year fixed deposits

Smaller private sector banks offer higher interest compared to foreign banks

Attractive fixed income options amid falling interest rates

The interest rate on small savings schemes are not reduced as frequently as they are supposed to be

How RBI's supervision could avert a PMC Bank-like crisis

Better control over co-operative banks by RBI will work in depositors’ favour

Yes Bank’s FD with COVID cover: Avoid deposits that come with bundled policies

You should consider buying a COVID-19 insurance cover that is much more holistic

Budget 2020: Deposits up to Rs 5 lakh insured

FM assures customers of scheduled commercial banks that deposits are safe.

Hiring a bank locker? Here's a checklist of what you should know

You will have to open a savings/current account with a bank if you do not have one already, pay rent in advance for the financial year and make a fixed deposit that covers rental charges for three years.

Budget Snapshots | Rising incremental credit to deposit ratio calls for budgetary measures to spur deposit growth

If the budget introduces measures to encourage savers to direct more flows to bank deposits, then banks could lower interest rates

Airtel Payments Bank cuts interest rate to 4 percent on savings account effective Sep 1

With the 150 bps cut from next month, Airtel Payments Bank's rate will be at par with that of other banks like Paytm Payments Bank

Bank strike hits operations, ATMs run dry

Banking operations were hit on Tuesday by the day-long, nation-wide strike called by employees of public sector banks, with ATMs running dry at various places across the country. The All India Bank Employees‘ Association (AIBEA) claimed success, saying all the branches kept their shutters down.

NCDEX offers early pay-in facility to FPOs

The National Commodity and Derivatives Exchange (NCDEX) today said it has offered Farmer Producer Organisations (FPOs) to deposit their produce in exchange approved warehouses, immediately after taking a sell position on the exchange platform.

Cement case:Compat rejects Binani Cement's plea for relaxation

Compat has dismissed the appeal of Binani Cement seeking waiver of the direction to deposit with it 10 percent of the total penalty amount which was imposed by Competition Commission in a cartelisation case.