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Credit offtake expanded by Rs. 20.4 lakh crore, deposits by Rs 23.9 lakh crore over the last 12 months
Credit offtake is a type of bank credit that assists businesses in getting financing for future pro…
ANI
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
95% of PM Modi’s assets are in fixed deposit! From investments to education, here are key takeaways from his nomination filing
Prime Minister Narendra Modi, on Tuesday, disclosed his total movable assets amounting to ₹3.02 cro…
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
5 tax-saving investments that will lose their charm under the new tax regime
The old tax regime offered several tax deductions that helped bring down one’s taxable income, and …
What is a CD? How a certificate of deposit can help you earn more over time
A CD is a time deposit where you earn interest on money you store in it for a set period of time. B…
Elizabeth Aldrich
As BoI becomes first bank to launch Mahila Samman Savings Certificate, here's what you need to about it
Bank of India, one of the largest public sector banks in India, has launched the Mahila Samman Savi…
Charles Schwab has enough liquidity if all bank deposits 'ran off,' CEO says
"There would be a sufficient amount of liquidity right there to cover if 100% of our bank's deposit…
Filip De Mott
Bonds vs. CDs: The key differences and how to decide which income-producing option is better for you
Bonds and CDs (certificates of deposit) are both reliable income-producing investments. CDs offer l…
Clint Proctor
EPFO continues to give attractive interests rate compared to other government schemes
The popular retirement saving scheme followed by many corporations for its employees has slashed it…
India lowers interest rate on small savings to 5.5%
With the reduction, term deposits of 1-3 years will now earn an interest rate of 5.5 per cent as ag…
PTI
The US still has $780 billion worth of physical stock certificates. It's time to digitize them.
Michael Bodson, the president and CEO of the DTCC, explains why now is the perfect time for the US …
Michael Bodson, DTCC
PPF (Public Provident Fund) Vs NSC (National Savings Certificate): Which is better?
Minimum and maximum contribution A minimum of Rs. 500 per year must be deposited in the PPF accou…
PPF (Public Provident Fund) Vs NSC (National Savings Certificate): Which Is Better
A minimum of Rs. 500 per year must be deposited in the PPF account per year with an upper maxi…
Soon, you may not get return benefits on your savings
The move by the finance ministry will impact people who take maturity period of less than five year…
Robo-advisor Wealthfront now offers a new high-yield savings account with a minimum deposit of $1 - here's how it stacks up
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highl…
Elizabeth Aldrich
NRIs, here’s how you can claim tax benefits under DTAA
If the TRC is not submitted within the timeline required by the deductor, the deductor (eg. Bank) w…
Irate bankers are now recording explanations of customers depositing over Rs 5000 in banks. Here’s what they have to say
The bankers have been forced to turn into inquisitors, record statements and demand explanations fr…
How China's Renminbi Went From Overpriced Certificates To Major International Currency
In terms of its capital account, China has been rolling out reforms since the 18th Party Congress. …
Mamta Badkar
Sebi proposes relaxing norms for investment advisers and analysts, floats consultation paper
Sebi proposed relaxing net-worth, qualification, and experience requirements for investment adviser…