Search For "deposits"
RBI restricts activities of PMC Bank due to heightened risks
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) has restricted activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowal
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SBI reduces MCLR and interest rates on time deposits across all maturities
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
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SBI customers to continue getting 3 pc interest rate in SB accounts with b
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 23 (ANI): To protect the interests of saving bank depositors, State Bank of India (SBI) has decided to not reduce interest rate further and hold it at the existing level of 3 per cent for customers with balances above Rs 1 lakh.
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CARE revises Gati's outlook on long-term loans to negative
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 21 (ANI): Rating agency CARE has revised its outlook on express distribution and supply chain solutions company Gati Ltd's long-term loans to negative from stable.
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Union Bank's first quarter profit edges 73 pc higher to Rs 225 crore
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 2 (ANI): State-owned Union Bank on Friday reported 73 per cent increase in its net profit at Rs 225 crore during the April to June quarter from Rs 130 crore in the corresponding quarter of previous fiscal year.
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Axis Bank reports 95 pc rise in Q1 PAT at Rs 1,370 cr
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Private lender Axis Bank on Tuesday reported a net profit of Rs 1,370 crore, up 95.4 per cent from Rs 701.1 crore in the same quarter of last year.
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SBI cuts interest rate on deposits across all maturities
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 29 (ANI): Government-owned State Bank of India (SBI) has slashed deposit rates on various tenors due to surplus liquidity and falling interest rate scenario.
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ICICI Bank posts Q1 profit of Rs 1,908 crore
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 27 (ANI): Private sector lender ICICI Bank said on Saturday its profit in June quarter (Q1) stood at Rs 1,908 crore against a loss of Rs 120 crore in the year-on period due to healthy net interest income and improved asset quality.
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LS passes bill to curb illicit deposits, Thakur says priority to depositor
Updated : 6 years, 7 months ago IST
New Delhi, July 24 (ANI): Lok Sabha on Wednesday passed a bill that will help tackle the menace of illicit deposit schemes in the country with Minister of State for Finance Anurag Thakur stating that the first claim to recovered money will be of depositors and their data will not be shared.
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Versova Beach: The journey from dumping ground to cleanest beach
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 22 (ANI): Versova, a beach that was once infamous due to garbage dumping and floating waste deposits coming with the high tide, has now become one of the cleanest beaches in Mumbai.
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Bills to check illicit deposits, empowerment of transgenders introduced in
Updated : 6 years, 7 months ago IST
New Delhi [India], July 19 (ANI): A bill which seeks to tackle the menace of illicit deposits and another that provides a mechanism for social, economic and educational empowerment of transgenders were introduced in Lok Sabha on Friday.
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Bajaj Finance Fixed Deposit offers interest rates up to 8.95 per cent
Updated : 6 years, 8 months ago IST
Pune (Maharashtra) [India] July 11 (ANI/BusinessWire India): Investors of any risk type consider investing in fixed deposits because FDs are low-risk investment avenues, wherein you can invest your principal amount and let it grow over time. However, recently, repo rates were reduced, and
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