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Explained: With markets volatile, should senior citizens invest in PSU bank FDs?
FDs have always been a popular investment choice for Indians. They offer a guaranteed return on inv…
Status quo: Markets trade flat after RBI MPC leaves repo rate unchanged at 6.5%
RBI MPC keeps repo rate at 6.5%. Governor optimistic about inflation and GDP growth. Nifty gainers:…
Investors and economists are getting worried about more bank failures as interest rates stay high
High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact o…
Jennifer Sor
Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says
"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve b…
Matthew Fox
Bank deposits losing attractiveness as govt savings schemes see strong growth
Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as …
Senior citizen FDs: With interest rates at a high, time to park safe
Senior citizens often prefer investing in fixed deposits (FDs) due to the safety and stability thes…
Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…
ANI
Billionaire Barry Sternlicht predicts weekly bank closures as the real estate sector battles high interest rates and inflation
Barry Sternlicht said real estate's primary lenders — regional and community banks — could soon be …
Erin Snodgrass
Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and…
PTI
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
Not just bank deposits, gold sales & real estate to get a boost from ₹2,000 note withdrawal
The Reserve Bank of India (RBI) on Friday said that it intends to pull ₹2,000 banknotes from circul…
Outlook for bank credit offtake remains positive in 2024: CareEdge Ratings
Outlook for bank credit offtake remains positive in 2024 while deposit growth is expected to improv…
PTI
SBI report says inflation will remain around 5 per cent this fiscal
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2…
ANI
Senior citizen FD: Here are the features & interest rates offered by various banks
Fixed deposit (FD) plans designed specifically for senior citizens are commonly known as senior cit…
Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report
Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…
PTI
China's state-run banks cut deposit rates to stimulate sluggish economic growth
Lowered deposit rates will eventually lead to an easing in lending rates, prompting more Chinese co…
Filip De Mott
Bandhan Bank hikes interest rates on fixed deposits
According to the statement from the lender, the revised FD rates are applicable for retail deposits…
ANI
China slashes interest rates in a surprise move to boost its slumping economy
China cut several short- and long-term interest rates on Monday as its economy grapples with slower…
Kelly Cloonan
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…
RBI hikes GDP growth projection for FY24 to 7.3%, keeps rates, stance unchanged
The Reserve Bank of India (RBI)’s rate setting panel – the Monetary Policy Committee – has decided …