by newsworm | Feb 14, 2025 | Axis bank, Banking
Axis Bank, one of India’s leading private sector banks, has made a significant move in the world of education by providing a grant worth ₹104 crore (approximately $13.7 million) to Ashoka University, a leading liberal arts and sciences university in India. This... by newsworm | Feb 14, 2025 | Axis bank, Banking, Karur Vysya Bank
Karur Vysya Bank, a leading private sector bank in India, has appointed Sankar Balabhadrapatruni as its new Executive Director. Balabhadrapatruni, a chartered accountant with significant experience in the banking and financial services sector, will be responsible for... by newsworm | Feb 12, 2025 | Au Small Finance Bank, Axis bank, Banking, ESAF Small Finance Bank, HDFC Bank, ICICI Bank, Jana Small Finance Bank, RBI, State Bank of India, Utkarsh Small Finance Bank
The Reserve Bank of India (RBI) has reduced the repo rate to 6.25% after five years, which is likely to affect the interest rates offered by banks on fixed deposits (FDs). While the reduction in repo rate could lead to lower loan rates, it may also result in banks... by newsworm | Feb 11, 2025 | Axis bank, Bank of Baroda, Banking, HDFC Bank, ICICI Bank, Punjab National Bank
According to the provided data, the top interest rates offered by various banks in India for fixed deposits range from 7.75% to 7%. The interest rates vary based on the bank, deposit term, and the senior citizen category. For the one-year fixed deposit, the highest... by newsworm | Feb 9, 2025 | Axis bank, Banking, HDFC Bank, ICICI Bank, RBI
The Reserve Bank of India (RBI) recently cut the repo rate by 25 basis points, which can have a trickle-down effect on fixed deposit interest rates offered by senior citizen deposit schemes. Repo rate is the rate at which the RBI lends money to banks, and changes in... by newsworm | Feb 8, 2025 | Axis bank, Bank of Baroda, Banking, IDFC Bank, Punjab & Sind Bank, RBI, State Bank of India, Utkarsh Small Finance Bank
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, which will lead to a decrease in interest rates offered by banks on fixed deposits (FDs). Therefore, FD investors have a limited window to lock in higher interest rates before they decline....