by newsworm | Jan 19, 2025 | Banking, HDFC Bank, Jana Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank
It is becoming increasingly rare to find banks offering interest rates of up to 9% on fixed deposits (FDs). However, some small finance banks are still offering competitive rates to general citizens and senior citizens. For example, North-East Small Finance Bank is... by newsworm | Jan 19, 2025 | Banking, Equitas Small Finance Bank, HDFC Bank, ICICI Bank, Jana Small Finance Bank, State Bank of India, Suryoday Small Finance Bank, Ujjivan Small Finance Bank
Small finance banks are offering attractive fixed deposit (FD) rates to customers, with some offering as high as 9% interest rate on 3-year deposits. Here are 5 small finance banks that are offering high FD rates on 3-year deposits: 1. Ujjivan Small Finance Bank:... by newsworm | Jan 19, 2025 | Axis bank, Bandhan Bank, Banking, Central Bank of India, HDFC Bank, ICICI Bank
Mizoram’s Chief Minister, Lalduhoma, has issued a warning to some banks operating in the state to improve their credit-debit (CD) ratio, which is currently below 40% for some banks. The CD ratio measures the percentage of deposits disbursed to customers compared... by newsworm | Jan 18, 2025 | Bank of Baroda, Banking, Canara Bank, HDFC Bank, IDBI Bank, RBI, State Bank of India
India’s Monetary Policy Rate Committee (MPC) has decided to cut the overnight MCLR (Marginal Cost of Funding Last Republication) by 5 basis points (bps) from 9.20% to 9.15%. This change is effective from January 7, 2025. The other MLCRs (Marginal Cost of... by newsworm | Jan 16, 2025 | Axis bank, Bank of Baroda, Banking, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank
According to recent data, various banks in India are offering different interest rates on fixed deposits (FDs) for different tenure periods. For a one-year FD, Yes Bank offers the highest interest rate at 7.25%, followed by Bank of Baroda and Canara Bank with 6.85%.... by newsworm | Jan 16, 2025 | Axis bank, Bank of Baroda, Banking, HDFC Bank, ICICI Bank, State Bank of India
The State Bank of India (SBI) and HDFC Bank, India’s largest and closest private sector rivals, are expected to report divergent profit growth for the quarter ending December 2024. SBI is likely to report a profit after tax (PAT) growth of over 80%, driven by...