Deposits

Showing of 1 - 20 from 59 results
Deposits - Total results - 59
ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public
Business

ICICI Bank offers interest rate of 6.55% to senior citizens, 80 bps more than general public

Private lender ICICI Bank on Thursday announced a fixed deposit product with an enhanced interest rate offering of 0.80 percentage point for senior citizens

Sundaram Home Finance reports Q4 net at Rs 82 cr; deposits grow 35% to Rs 1,605 cr
Business

Sundaram Home Finance reports Q4 net at Rs 82 cr; deposits grow 35% to Rs 1,605 cr

Sundaram Home Finance registered disbursements of Rs 2,113 crore for year ending 31 March 2020 as against Rs 2,449 crore registered in the previous year.

MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions
Business

MoneyGram partners with Federal Bank; tie-up aims to expand account deposit capabilities for millions

Federal Bank enjoys a market share of more than 15 percent of the remittance market in India, and the tie-up with MoneyGram is expected to provide a further boost to this business.

Bandhan Bank FY20 deposits rise 32% to Rs  57,073 cr; advances jump by 60% to Rs 71,825 cr
Business

Bandhan Bank FY20 deposits rise 32% to Rs 57,073 cr; advances jump by 60% to Rs 71,825 cr

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

IndusInd Bank deposits shrink 7% in March quarter; Yes Bank crisis triggers withdrawals
Business

IndusInd Bank deposits shrink 7% in March quarter; Yes Bank crisis triggers withdrawals

Private sector lender IndusInd Bank has reported a 7 percent decline in deposits during the March quarter due to withdrawals triggered by the Yes Bank crisis

Kotak Mahindra Bank customer deposits jump 20% in FY20 at Rs 2.58 lakh cr; net advances in FY20 moved up 6.7% to Rs 2.19 lakh cr
Business

Kotak Mahindra Bank customer deposits jump 20% in FY20 at Rs 2.58 lakh cr; net advances in FY20 moved up 6.7% to Rs 2.19 lakh cr

Savings deposits at Kotak Mahindra moved up dramatically to Rs 1.04 lakh crore, up 31.3 percent from Rs 79,685 crore in the same period.

ICICI Bank slashes interest rate on savings account by 25 bps for deposits up to Rs 2 crore
Business

ICICI Bank slashes interest rate on savings account by 25 bps for deposits up to Rs 2 crore

Private sector lender ICICI Bank on Wednesday cut interest rates on savings accounts by 25 basis points for deposits up to Rs 2 crore

RBI governor Shaktikanta Das urges people not resort to panic buying; says Indian banking system is safe
Business

RBI governor Shaktikanta Das urges people not resort to panic buying; says Indian banking system is safe

Allaying depositors' concerns, RBI Governor Shaktikanta Das on Friday asserted there Indian banking system is safe, and termed linking banks' share prices to the safety of deposits as "fallacious" thinking

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors
Business

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors

In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits

Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs
Business

Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs

The idea behind cutting the SLR is that banks will need to invest a lower proportion of their deposits in G-secs and in the process they will have more money to lend.

Union Budget 2019: Understanding current account deficit that represents a country's financial transactions
Business

Union Budget 2019: Understanding current account deficit that represents a country's financial transactions

Companies, public enterprises, businessmen who generally have higher number of regular transactions with the bank have a current account.

Top private sector banks cut interest rates on deposits by up to 0.25% over last week
Business

Top private sector banks cut interest rates on deposits by up to 0.25% over last week

Top private sector lenders have cut their interest rates on deposits by up to 0.25 percent over the last week, officials said on Monday

Amid liquidity woes, DHFL curbs premature withdrawals, stops accepting fresh deposits; shares down 9.85%
Business

Amid liquidity woes, DHFL curbs premature withdrawals, stops accepting fresh deposits; shares down 9.85%

Cash-starved Dewan Housing Finance Corporation Ltd (DHFL) has decided to restrict premature withdrawal of deposits and stop accepting fresh deposits as part of reorganising its "liability management" efforts, sources said

Digital mode of transactions will take some time to gain currency; domination of cash will persist
Business

Digital mode of transactions will take some time to gain currency; domination of cash will persist

The number of Rs 20 lakh crore may look high, but if one looks at the buildup of cash in circulation over the years, the picture is actually not very shocking.

Reserve Bank of India cancels licence of Rajasthan-based Bhilwara Mahila Urban Co-op Bank
Business

Reserve Bank of India cancels licence of Rajasthan-based Bhilwara Mahila Urban Co-op Bank

Bhilwara Mahila Urban Co-operative Bank' s licence has been cut from 31 August 2018

Household savings in form of cash soared to 7-year high in post demonetisation year, shows RBI data
Business

Household savings in form of cash soared to 7-year high in post demonetisation year, shows RBI data

Financial savings of the household sector in form of cash soared to 7-year high of 2.8 percent of gross national disposable income (GNDI) in 2017-18, the year following demonetisation, showed a RBI data

Bank credit grows at 11.52%, deposits at 7.96% in fortnight ended 13 April: RBI data
Business

Bank credit grows at 11.52%, deposits at 7.96% in fortnight ended 13 April: RBI data

Banks' credit rose 11.52 percent year-on-year to Rs 84,78,459 cr and deposits grew at 7.96 percent to Rs 113,77,729 cr in the fortnight ended 13 April, RBI data showed

SBI hikes bulk deposit rates second time in two months; will lending rate cut follow?
Business

SBI hikes bulk deposit rates second time in two months; will lending rate cut follow?

The bank had last raised deposit rates, revisions on which generally precede similar moves on the lending side, by up to 1 percentage point in November.

FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Business

FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works

Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.