Fixed Deposits

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Fixed Deposits - Total results - 60
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

Yes Bank transfers Puri Jagannath Temple's Rs 389-cr fixed deposit account to SBI
Business

Yes Bank transfers Puri Jagannath Temple's Rs 389-cr fixed deposit account to SBI

Yes Bank on Thursday said it has transferred a Rs 389-crore fixed deposit account of Shree Jagannath Temple Administration, Puri, to State Bank of India

DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable
Business

DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable

CRISIL downgraded DHFL commercial paper worth Rs 850 crore too on account of the weak liquidity condition of the company.

DHFL crisis: Savings of over 1 lakh fixed deposit holders at risk as trouble mounts for debt-laden mortgage firm
Business

DHFL crisis: Savings of over 1 lakh fixed deposit holders at risk as trouble mounts for debt-laden mortgage firm

Cases of fund diversions, as revealed in a forensic audit by accounting firm KPMG, may scuttle the resolution plan for DHFL that has been in the works for several months.

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps
Business

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps

In view of the adequate liquidity in the system, the State Bank Group on Wednesday revised interest rate on savings bank deposits (with balances up to Rs 1 lakh) from 3.50 percent to 3.25 percent effective 1 November

Debt funds vs fixed deposits: Here are seven reasons why you should invest in MFs
Business

Debt funds vs fixed deposits: Here are seven reasons why you should invest in MFs

Rates have been cut, debt funds have emerged as a viable alternative, FDs are losing the tax game and they provide limited flexibility.

Fintech panel for legislative changes for issuance of FDs, other instruments in demat form
Business

Fintech panel for legislative changes for issuance of FDs, other instruments in demat form

Dematerialisation of financial instruments is customer-friendly given the wide reach of mobile technologies

SBI cuts interest rates on fixed deposits up to 0.5%; move will lower returns for savers
Business

SBI cuts interest rates on fixed deposits up to 0.5%; move will lower returns for savers

The country's largest lender State Bank of India on Friday slashed interest rates on fixed deposits across various tenure by up to 0.5 percentage point, a move which will lower returns for savers

Reliance Capital posts four-fold jump in June quarter profit at Rs 1,218 cr on higher income; total assets stand at Rs 79,207 cr
Business

Reliance Capital posts four-fold jump in June quarter profit at Rs 1,218 cr on higher income; total assets stand at Rs 79,207 cr

Total assets of Reliance Capital stood at Rs 79,207 crore as on June 30, 2019 as against Rs 83,973 crore a year ago.

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

Investment for senior citizens: Why bank on risk-free FDs alone? From gold to mutual funds, there are other options too
Business

Investment for senior citizens: Why bank on risk-free FDs alone? From gold to mutual funds, there are other options too

Gold is a good investment in terms of capital appreciation as mining of fresh gold has almost come to a standstill and the world is managing with the existing stock

What political leaders invest in: Mutual funds, Reliance shares and even Kingfisher Airlines
Business

What political leaders invest in: Mutual funds, Reliance shares and even Kingfisher Airlines

Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the 2019 Lok Sabha polls

Jet Airways assures employees of resolving problems in a month's time after staff union meets management
Business

Jet Airways assures employees of resolving problems in a month's time after staff union meets management

The Naresh Goyal-led Jet Airways has been facing severe cash-flow issues since July last year leading to delayed salaries since last August 2018 for senior management.

Cash-strapped Jet Airways pledges fixed deposits worth Rs 1,500 crore with SBI to borrow Rs 225 crore
Business

Cash-strapped Jet Airways pledges fixed deposits worth Rs 1,500 crore with SBI to borrow Rs 225 crore

Lenders were not willing to sanction a term loan to Jet Airways without gaining exclusive rights on its interest-yielding cash deposits or appreciating assets

Big Bull Rakesh Jhunjhunwala says time to keep some money off the Dalal Street; pooh-poohs startups success stories
Business

Big Bull Rakesh Jhunjhunwala says time to keep some money off the Dalal Street; pooh-poohs startups success stories

Jhunjunwala said he will also leave 5 percent of his fortune in fixed deposits for his two kids, which cannot be touched by them but can ensure easy survival even if they blow the rest of the fortune in gambling in Macau.

Budget 2019: Taxation worrying investors; here's what govt can do to ease their woes and strengthen economic situation
Business

Budget 2019: Taxation worrying investors; here's what govt can do to ease their woes and strengthen economic situation

The budget is expected to further ease out compliance burden and facilitate ease of business for SMEs.

ICICI Bank ups retail term deposit interest rates by up to 0.25% on select maturities
Business

ICICI Bank ups retail term deposit interest rates by up to 0.25% on select maturities

ICICI Bank's head of retail liabilities group, Pranav Mishra, said the lender feels prevailing volatility in the financial market will lead to a renewed interest among customers to invest in fixed deposits.

Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash deals
Business

Amrapali fund diversion: Why auditors should be sent to cleaners for enabling dubious cash deals

That Amrapali auditors turned a blind eye to its management’s shenanigans for a quid pro quo, makes it a Satyam redux.

Once preferred investment choice of Indians, fixed deposits are back in favour; eight reasons why FDs are beneficial
Business

Once preferred investment choice of Indians, fixed deposits are back in favour; eight reasons why FDs are beneficial

Current volatility and a steady increase in interest rates have given everyone enough reasons to park a proportion of their funds in fixed deposits