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6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
6 mins read
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
4 mins read
RBI leaves repo rate unchanged. What does this mean for you?
This is a good time to invest in high-yield fixed deposits and other debt instruments. That's becau…
2 mins read
DICGC introduces Daava Soochak for depositors to track claim status
Daava Soochak, a user-friendly online tool, is part of DICGC's ongoing commitment to improving the …
PTI
2 mins read
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
2 mins read
Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura
One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…
ANI
3 mins read
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
2 mins read
Not just withdraw, you can soon deposit cash using UPI at ATMs, promises RBI
On Friday, RBI governor Shaktikanta Das announced that bank account holders will soon be able to de…
2 mins read
Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma
Digital payments and services app Paytm is working and will continue to work as usual even after Fe…
PTI
2 mins read
After US bank failures, agencies directed to analyse deposit insurance mechanism
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Mar…
ANI
1 min read
RBI stops Paytm Payments Bank from accepting deposits after Feb 29
The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any custo…
PTI
1 min read
Unclaimed deposits of Rs 48,461 crore transferred to Depositor Education & Awareness Fund
ED has further informed that as on August 2, 2023, proceeds of crime of fugitive economic off…
PTI
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
2 mins read
Real estate investment trust pitch for direct bank lending, classification as equity
Indian Real Estate Investment Trust (REIT) industry on Wednesday pitched for the entities to get ac…
PTI
1 min read
HDFC Bank records 15.8% loan growth, 20% rise in advances in Q1 FY24
Private sector lender HDFC Bank said loans grew 15.8% to ₹ 16,15,500 crore in the first quarter of …
PTI
2 mins read
Half of India’s ₹2,000 notes are back with banks within a month of withdrawal announcement
Around 50% of India's ₹2,000 bank notes have returned to banks, according to Reserve Bank of India …
2 mins read
Parents could get a $300 check this week from the government thanks to the revamped child tax credit
Families will receive up to $300 per child in monthly payments from July to December through direct…
Ayelet Sheffey,Joseph Zeballo…
3 mins read
Strong Q4 on the cards, but concerns emerge on fall in CASA deposits and credit offtake slowdown
Indian banks are expected to continue their strong performance in Q4 led by a momentum in credit gr…
2 mins read
Coinbase will let you direct-deposit your paycheck and convert it to crypto
"The future of payroll is coming," Coinbase said. "Get paid in crypto or in US dollars and deposit …
Isabelle Lee
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…