Break free from minimum balance rules: 5 banks that no longer require a minimum balance for savings accounts

State Bank of India (SBI) is likely to issue tier-II bonds worth ₹5,000 crore by August, with preliminary discussions already underway, according to a recent report.

by | Jun 28, 2025 | Bank of Baroda, Canara Bank, RBI, State Bank of India

The State Bank of India (SBI) is planning to raise ₹5,000 crore through tier-II bonds by August, according to a report. The move is part of the bank’s efforts to strengthen its capital base and meet the regulatory requirements. Tier-II bonds are a type of debt...
Break free from minimum balance rules: 5 banks that no longer require a minimum balance for savings accounts

Following RBI’s rate cut, major banks slash savings account interest rates, with SBI plunging to 2.5% and HDFC, ICICI reducing to 2.75%.

by | Jun 19, 2025 | Bank of Baroda, HDFC Bank, ICICI Bank, IndusInd Bank, RBI, RBL Bank, State Bank of India

Major banks in India, including State Bank of India (SBI), HDFC Bank, and ICICI Bank, have reduced their interest rates on savings accounts following a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in June 2025. The cumulative rate cut for this year...