Search For "term deposits"
Weak household savings continue to weigh on bank deposit growth: Report
Updated : 5 months, 3 weeks ago IST
The report flags sluggish household deposit accretion and muted growth in low-cost deposits as the key structural challenges for banks in the current cycle. While deposits have broadly grown in double digits, momentum has failed to keep pace with credit growth.
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NIMs of Indian banks to gradually improve led by re-pricing of term deposi
Updated : 6 months ago IST
Indian banks are set for a "decisive profitability inflection point" as net interest margins (NIMs) begin to recover after several quarters of compression, according to a latest sector report by Nomura.
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Bank deposits with SCBs register 11.3% year-on-year growth as of June-end
Updated : 8 months ago IST
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.
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Axis Bank Introduces Industry-First 'Lock FD' Feature to Safeguard Term De
Updated : 9 months, 4 weeks ago IST
Mumbai (Maharashtra) [India], August 6: Axis Bank, one of the largest private sector banks in India, today announced the launch of an industry-first feature - 'Lock FD', designed to protect customers' term deposits from rising digital frauds. This innovative feature, available on the Bank's
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Deposit growth in India expected to slow to 11.2 pc YoY in 2025: Report
Updated : 1 year, 8 months ago IST
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
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Check rate of interest on small saving schemes for Q1 2024-25
Updated : 2 years, 2 months ago IST
The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 per cent. Similarly, Public Provident Fund gives one interest rate of 7.1 per cent. Kisan Vikas Patra gives interest rate at 7.5 per cent, annually.
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Bank of Baroda increases interest rates on retail term deposits
Updated : 3 years, 2 months ago IST
Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by 25 basis points on select tenors.
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SBI hikes interest rates on bulk fixed deposits by up to 0.9 per cent
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], May 10 (ANI): The country's largest lender State Bank of India (SBI) has hiked interest rates on domestic bulk term deposits of Rs 2 crore and above by up to 0.90 per cent with effect from Tuesday.
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PNB hikes interest rates on term deposits by 60 bps
Updated : 4 years ago IST
New Delhi [India], May 6 (ANI): Punjab National Bank has increased interest rates on term deposits in selected buckets up to 60 basis points with effect from Saturday.
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Kotak Mahindra Bank Q3 profit rises 31 per cent to Rs 3,403 crore
Updated : 4 years, 4 months ago IST
Mumbai (Maharashtra) [India], January 28 (ANI): Kotak Mahindra Bank on Friday said its consolidated net profit rose 31 per cent to Rs 3,403 crore during the third quarter of the current financial year from Rs 2,602 crore recorded in the corresponding quarter of the previous year.
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SBI marks 75 years of Independence with new offers for customers
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): State Bank of India (SBI) on Monday announced several offers, including a 100 per cent waiver on processing fees for car loan customers across all channels.
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Kotak Mahindra Bank Q1 PAT up 32 pc at Rs 1,642 crore
Updated : 4 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 26 (ANI): Private sector lender Kotak Mahindra Bank on Monday reported 32 per cent jump in its profit after tax for the April to June quarter to Rs 1,642 crore from Rs 1,244 crore in the same period of last year.
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