The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth in savings deposits.
The Central Bureau of Investigation registered the instant case on 07.02.1996 against Dina Singh based on a complaint lodged by the Manager of Allahabad Bank, alleging that the accused had deliberately and willfully cheated the Allahabad Bank by pledging a forged/fake NSC of Rs 3,59,000.
Among the largest economies, India stands out with a median age of 28.8 years in 2025, the second-highest savings rate, and a government debt-to-GDP ratio projected to decline from 81.3% in 2024 to 75.8% by 2030, unlike its peers, where debt levels are rising.
New Delhi [India], August 25: Panembra Tech Private Limited, a frontrunner in India's smart card and digital solutions industry, today announced its breakthrough in advancing indigenous semiconductor and SIM card manufacturing. This milestone marks a new era for India's "Make in India" and "
Mumbai (Maharashtra) [India], August 25: Kotak Mahindra Life Insurance Company Ltd ('Kotak Life') is proud to announce that its innovative product, Kotak Gen2Gen Income, has been recognised with the prestigious 'Product of the Year 2025' award in the 'Life Insurance - Savings Plan' category.
India's household savings are expected to generate cumulative inflows of around USD 9.5 trillion into financial assets over the next ten years, according to a report by Goldman Sachs.
New Delhi [India], August 21: As India looks back at the 2025 Union Budget, investors are taking a long hard look at their finances. Understanding the distinct roles of a savings plan and term insurance is now more critical than ever. Budget policies and tax incentives shape your savings and
Mumbai (Maharashtra) [India], August 20: The festival season is always buzzing with excitement--shopping for gifts, decorating your home, and planning special celebrations with friends and family. While these joyful moments bring happiness, they can also stretch your finances if not managed
Pune (Maharashtra) [India], August 14: With the festive season approaching, Bajaj Markets makes celebrating and shopping easier by offering over 30 credit cards tailored to enhance festive purchases. The online financial marketplace showcases a wide range of cards designed to maximise saving
In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to Rs 50,000. The private sector lender has now reduced the MAB requirement to Rs 15,000.
Gurugram (Haryana) [India], August 13: Sarovar Hotels, one of India's leading hospitality chains, has announced the launch of its new wedding campaign, 'Write Your Own Story', aimed at redefining the Indian wedding experience with fully customizable, end-to-end services tailored to each coup
ICICI Bank has significantly increased the minimum average balance requirement for its savings accounts across all branch categories, with the new rules effective from August 1, 2025.