by Team Small News | Mar 18, 2025 | Axis bank, Banking, IndusInd Bank, RBI
IndusInd Bank raised 11,000 crores in certificates of deposit (CDs) on Monday, a significant move to shore up its funding position following a 2,000 crore accounting discrepancy in its derivatives book. The bank issued CDs across six maturities, ranging from three...
by Team Small News | Mar 16, 2025 | Banking, Central Bank of India, IndusInd Bank
The Reserve Bank of India has issued a statement assuring the public that IndusInd Bank, a private lender, is well-capitalized and its financial position remains satisfactory. This statement comes after IndusInd Bank reported an accounting discrepancy in its currency...
by Team Small News | Mar 12, 2025 | Bank of Baroda, Banking, DCB Bank, IndusInd Bank
According to a recent article in The Economic Times, four banks are currently offering fixed deposit (FD) interest rates above 9%. This is significant, considering that the average FD interest rate in the Indian banking system is around 5.5-6.5%. The higher interest...
by Team Small News | Mar 10, 2025 | Axis bank, Bank of Baroda, Banking, HDFC Bank, ICICI Bank, IndusInd Bank, Punjab National Bank, RBI, State Bank of India
The article discusses the current fixed deposit (FD) interest rates offered by various banks in India. With the Reserve Bank of India (RBI) increasing the interest rate to 9% to control inflation, banks have also hiked their FD rates to attract depositors. Here are...