PSU Bank FD Interest Rates for Senior Citizens: Most commercial banks in the country offer slightly better fixed deposit returns to those above 60 years of age compared to other depositors. As of July 1, India’s three largest state-run lenders, State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) offer interest rates to the tune of 4-7.75 per cent per annum on term deposits – also known as fixed deposits (FDs) – of up to Rs 3 crore to senior citizen depositors. In most cases, these interest rates are about 50 basis points (bps), or half a percentage point, higher than those offered to other depositors – those below 60 years old. The three PSU banks offer a…
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Author: newsworm
ICICI Bank Names Pradeep Kumar Sinha As Non-Executive Part Time Chairman
ICICI Bank Names Pradeep Kumar Sinha As Non-Executive Part Time Chairman
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XM does not provide services to residents of the United States of America.
Bank of Maharashtra Tops PSU Banks in FY24 Growth: Rediff Moneynews
Bank of Maharashtra recorded the highest growth in total business and deposits among PSBs in FY24, outperforming even SBI. BoM also leads in CASA growth and asset quality.New Delhi, May 19 (PTI) State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country’s largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public…
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Canara Bank Celebrates 119th Foundation Day with Commitment to Excellence – News Karnataka – News Karnataka
Canara Bank Celebrates 119th Foundation Day with Commitment to Excellence – News Karnataka News Karnataka
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PSU Stake Sale: Government plans disinvestment in this company along with IDBI Bank
The round of speculations have begun on what would be on the agenda for the first 100 days of the new elected government, which, if exit polls are to go by, is likely to be a re-election of Prime Minister Narendra Modi’s government.CNBC Awaaz has learnt via sources that the new government is likely to focus on disinvestment in it first 100 days in office. IDBI Bank and Shipping Corporation of India are topping the list this time around.The government owns a 63.75% stake in Shipping Corporation of India, which the government may intend to sell. Sources said that the bids are likely to be invited for SCI initially. Earlier, the land assets entity of SCI was demerged and listed on the…
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IDFC First Bank Share Price Highlights : IDFC First Bank closed today at ₹81.14, down -1.22% from yesterday’s ₹82.14
01 Jul 2024, 08:02 PM IST
IDFC First Bank Share Price Live Updates: Shareholding information
IDFC First Bank Share Price Live Updates: IDFC First Bank has a 3.57% MF holding & 21.40% FII holding as per filings in the march quarter.The MF holding has increased from 2.49% in december to 3.57% in march quarter.The FII holding has decreased from 22.05% in december to 21.40% in march quarter.
01 Jul 2024, 07:31 PM IST
IDFC First Bank Share Price Live Updates: Return metrics and efficiency
IDFC First Bank Share Price Live Updates: IDFC First Bank reported a Return on Equity (ROE) of…
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South Indian Bank Reports 11.4% Jump In Gross Advances In June Quarter
South Indian Bank Ltd.’s gross advances saw an 11.4% jump on a yearly basis to Rs 82,510 crore in the April–June quarter, according to provisional quarterly business updates filed with stock exchanges on Monday.The bank reported an 8.4% advance in deposits at Rs 1.04 lakh crore in the first quarter, as compared to Rs 95,499 crore in the same period last year.CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—dipped marginally from 32.64% to 31.87%. A higher CASA ratio indicates a lower cost of funds, since lenders do not usually give any interest on current account deposits and the interest on saving accounts is low.Shares of South Indian…
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HDFC Bank to migrate its core banking system to a new platform on July 13 | Company News
Customers will have limited access to bank’s services during the 13.5-hour upgradeHDFC BankSubrata Panda Mumbai HDFC Bank will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience, the bank said on Monday. The migration will allow the bank to improve performance speed, expand capacity to handle high traffic volume, and boost reliability and scalability, the bank said. Click here to connect with us on WhatsApp The largest private sector bank has cautioned customers that access to some of its services may be limited during this scheduled upgrade. “The bank has scheduled this upgrade…
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SBH named SLBC convenor for Telangana, Andhra Bank for AP
State Bank of Hyderabad (SBH) will be the convenor of the State-Level Bankers’ Committee (SLBC) for the new Telangana State.The bifurcation of Andhra Pradesh would come in to force from June 2.In a notification, the Reserve Bank of India said Andhra Bank would continue to be the convenor of SLBC for the residuary state of Andhra Pradesh. SLBC convenor-banks will have the responsibility of ensuring implementation of Government schemes and monitoring compliance with priority sector targets by banks, among others.
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UBS on Bandhan Bank – Inox Wind, CE Info Systems among 10 stocks that saw recent coverage by brokerages
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