SBI hikes fixed deposits rates by up to 0.25 percentage points
6 years, 9 months ago

SBI hikes fixed deposits rates by up to 0.25 percentage points

Live Mint  

Mumbai: The country’s largest lender State Bank of India has hiked retail fixed deposit rates by up to 25 basis points across select tenures, a sign that interest rates are headed northwards. SBI had last revised its interest rates on 23 March by 10-25 bps for retail deposits of over two years and also in 1-2 years category for deposits of more than Rs1 crore. Last month, HDFC Bank had revised fixed deposit rates by up to 100 bps. The dividends of demonetisation have faded and we would need deposit growth to pick up from hereon to support an expected increase in credit growth,” said a senior SBI official requesting anonymity.

Rate Rates Deposit Sbi Fixed  fixed  points  rate  bank  revised  deposit  025  deposits  sbi  interest  rs1  rates  growth  percentage  hikes

History of this topic

Bank credit and deposits growth decelerate in Q3: RBI data
1 month ago

Bank credit and deposits growth decelerate in Q3: RBI data

Live Mint  

Mumbai, Feb 21 Bank credit as well as deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday. Bank credit growth decelerated to 11.8 per cent in December 2024 from 12.6 per cent in September 2024, while aggregate deposits increased at a marginally lower pace at 11 per cent as compared to 11.7 per cent …

Repo rate relief? Big surprise for big business as banks dither on lowering lending rates
1 month, 1 week ago

Repo rate relief? Big surprise for big business as banks dither on lowering lending rates

Live Mint  

Mumbai: The recent policy rate cut by India’s central bank should turn out to be good news for individuals and small businesses. The development comes on the back of the first repo rate cut this month by the Reserve Bank of India in five years—of 25 basis points —and the central government’s reported hawk-eye on banks to follow suit on …

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV
1 month, 1 week ago

SBI 5-year FD: Know your returns on Rs 5 lakh and Rs lakh 10 lakh investments – India TV

India TV News  

SBI FD Scheme: The State Bank of India is India's largest public sector bank. SBI 5-year FD Return on Rs 10 lakh investment If one deposits Rs 10 lakh in the fixed deposit scheme of SBI, the person can get a return of around Rs 13,80,419 lakh on maturity. SBI 5-year FD interest rate for senior citizens SBI, India's biggest …

SBI struggles with margin squeeze, but there’s solace in asset quality
1 month, 2 weeks ago

SBI struggles with margin squeeze, but there’s solace in asset quality

Live Mint  

Investors who hoped for stabilisation in SBI's net interest margin in the December quarter have been disappointed. The management expects a 25 bps cut in repo rate to cause a fall of just 3 bps in their NIM as repo rate linked loans stand at 28% of SBI’s loan portfolio. Big bet on capex lending SBI’s management highlighted a strong …

Private capex on the rise; watch on tariffs: SBI’s Setty
1 month, 2 weeks ago

Private capex on the rise; watch on tariffs: SBI’s Setty

Live Mint  

Private sector capital expenditure has begun to pick up, though not so much in core sectors such as steel, State Bank of India chairman C.S. But I think private capital expenditure in the core sector, particularly steel, is yet to pick up,” Setty said at an analysts' call after the bank's December quarter earnings release. "Based on the visibility we …

G.N. Bajpai: India’s banking industry needs a complete organizational revamp
1 month, 3 weeks ago

G.N. Bajpai: India’s banking industry needs a complete organizational revamp

Live Mint  

Debates on the significant decline in India’s GDP growth rate in the second quarter of 2024-25 and the revised estimates of growth for the year have been all over the media. Former Reserve Bank of India governor Shaktikanta Das had recognized the challenge of lower deposit growth and asked commercial banks to mobilize larger amounts. Leaders of banks seem to …

HDFC Bank’s NPAs rise on farm loan slippages, focus on bringing loan-to-deposit ratio below 90%
1 month, 3 weeks ago

HDFC Bank’s NPAs rise on farm loan slippages, focus on bringing loan-to-deposit ratio below 90%

Live Mint  

Mumbai: In a quarter of otherwise stable financials, HDFC Bank Ltd.’s asset quality put a dampener on its earnings with non-performing assets rising, owing to an increase in agriculture loan slippages. Excluding agriculture loans, this ratio was around 26 bps, flat from the previous quarter, chief financial officer Srinivasan Vaidyanathan said in the bank’s earnings call. Excluding agriculture loan NPAs, …

HDFC Bank revises fixed deposit (FD) interest rates: A comparison with SBI, Axis, and Punjab National Bank
2 months, 1 week ago

HDFC Bank revises fixed deposit (FD) interest rates: A comparison with SBI, Axis, and Punjab National Bank

Live Mint  

India's biggest private lender, HDFC Bank, has revised fixed deposit interest rates for both senior citizens and the general public. FD rates for other banks Axis Bank For the general public, Axis Bank offers interest up to 7.30% on deposits between ₹3 crore and ₹5 crore for a tenure of one year, 11 days to one year, 24 days. For …

FD interest rates: These top 7 banks offer the highest rates on 5-year fixed deposits
2 months, 2 weeks ago

FD interest rates: These top 7 banks offer the highest rates on 5-year fixed deposits

Live Mint  

At the time of opening a fixed deposit, it is recommended to compare the interest rates offered by different banks. Interest rates offered on five-year fixed deposits Bank Regular Senior citizens HDFC Bank 7 7.5 ICICI 7 7.5 Axis 7 7.75 Yes Bank 7.25 8 SBI 6.5 7.5 Bank of Baroda 6.8 7.4 PNB 6.5 7 As we can see …

HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
2 months, 2 weeks ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

What lies under the hood in banks' Q3 business updates
Trending News
2 months, 2 weeks ago

What lies under the hood in banks' Q3 business updates

Live Mint  

Initial updates from banks for the December quarter reveal a mixed performance, with private and public sector lenders charting distinct paths in loans and deposit growth. The moderation in HDFC Bank’s loan growth, coupled with healthy deposit growth, contributed to a 150-basis point sequential decline in its LDR, Bernstein added. Among banks that reported Q3 updates, loan growth ranged between …

HDFC Bank introduces revised lending and FD rates. Check details
2 months, 2 weeks ago

HDFC Bank introduces revised lending and FD rates. Check details

India Today  

HDFC Bank, one of India’s largest private banks, has reduced its Marginal Cost of Funds-Based Lending Rate by up to 5 basis points across select tenures. UNDERSTANDING MCLR AND ITS IMPACT MCLR, introduced by the Reserve Bank of India in 2016, replaced the base rate system to make lending rates more dynamic. Borrowers under older regimes like the base rate …

FD interest rates: SBI vs. small finance banks - See the difference
Trending News
2 months, 2 weeks ago

FD interest rates: SBI vs. small finance banks - See the difference

Live Mint  

If you are looking to invest in a fixed deposit scheme, it is recommended to compare the FD interest rates offered by different banks. Interest rates: SBI vs. small finance banks Here we share the difference between interest rates offered by State Bank of India and small finance banks across tenures. On a 2-year duration, the highest interest of 8.25 …

HDFC Bank reports deposit growth of 4.2% outpacing loans in Q3FY25
2 months, 2 weeks ago

HDFC Bank reports deposit growth of 4.2% outpacing loans in Q3FY25

Live Mint  

India's biggest private sector bank, HDFC Bank, reported that deposit growth outpaced loan growth on a quarter-on-quarter basis for the period ended December 31. The deposits were at ₹24.53 trillion, marking an increase of 4.2 per cent, slowing from a 5.1 per cent rise from the July-September quarter, HDFC Bank said in an exchange filing on Saturday. The bank's loan-to-deposit …

New FD Rates: SBI vs Post Office fixed deposit interest rates compared. Where to invest?
2 months, 2 weeks ago

New FD Rates: SBI vs Post Office fixed deposit interest rates compared. Where to invest?

Live Mint  

A fixed deposit promises to offer a reliable, consistent, long-term return on investments. SBI fixed deposits India's biggest bank, the State Bank of India, offers varying fixed deposit interest rates based on the duration of the deposit. A term deposit of one year will provide 6.8 per cent interest, 7 per cent for a two-year term deposit, and 6.75 per …

Fixed deposit interest rates across banks: See list of FD rates up to 7.4%
2 months, 3 weeks ago

Fixed deposit interest rates across banks: See list of FD rates up to 7.4%

Hindustan Times  

A series of both private and public banks are offering interest rates between 6.80 and 7.40% on fixed deposits of amounts less than ₹3 crore and for a tenure of five years. This interest is calculated at quarterly compounding intervals on Term Deposits and paid at the rate decided by the bank depending upon the period of deposits. Bank name …

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits
2 months, 3 weeks ago

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits

Live Mint  

Prior to locking your money into a fixed deposit, it is recommended to compare the interest rates offered by different banks on their term deposits. Highest FD interest rates offered by banks: HDFC Bank: On a 3-year fixed deposit, this private lender offers 7 percent interest rate to regular citizens and 7.5 percent to senior citizens. Bank Regular Senior Citizens …

These 5 banks revise their fixed deposit interest rates: Check details
3 months ago

These 5 banks revise their fixed deposit interest rates: Check details

Hindustan Times  

A number of banks have revised their fixed deposit interest rates in December 2024. Time Period Single Deposit Less than ₹ 3 crore Single Deposit Less than ₹ 3 crore 7 days to 29 days 3.00% 3.50% 30 days to 45 days 3.50% 4.00% 46 days to 180 days 5.50% 6.00% 181 days 6.50% 7.00% 182 days to 270 days …

HDFC Bank revises bulk fixed deposit rates, offering up to 7.4% on this tenure. Check latest FD rates here
3 months, 1 week ago

HDFC Bank revises bulk fixed deposit rates, offering up to 7.4% on this tenure. Check latest FD rates here

Live Mint  

HDFC Bank, has revised its interest rates on bulk fixed deposits of ₹3 crore to less than ₹5 crore. For fixed deposits maturing in nine months, one day to one year, the bank will offer an interest rate of 6.75%, while HDFC Bank will offer an interest rate of 7.4% on deposits maturing in 1 year to 15 months. HDFC …

RBI hikes rate ceilings on banks FCNR deposits to support foreign flows
3 months, 2 weeks ago

RBI hikes rate ceilings on banks FCNR deposits to support foreign flows

Live Mint  

The Reserve Bank of India’s decision to increase the interest rate ceilings on foreign currency non-resident account, or FCNR, deposits is aimed at supporting foreign inflows into the country as the domestic currency battles devaluation pressures against the US dollar. Earlier, rates on FCNR deposits were subject to ceilings of overnight ARR for the respective currency/swap, plus 250 bps for …

Canara Bank revises fixed deposit rates. Check comparative FD rates of PNB, ICICI, HDFC, SBI, Union Bank
3 months, 2 weeks ago

Canara Bank revises fixed deposit rates. Check comparative FD rates of PNB, ICICI, HDFC, SBI, Union Bank

Live Mint  

Canara Bank FD rates: Canara Bank's fixed deposit rates were revised on December 1, 2024. Those looking to invest in fixed deposits must carefully compare Canara Bank's revised FD rates with fixed deposit rates in Punjab National Bank, ICICI Bank, HDFC Bank, State Bank of India, Union Bank of India, etc. Canara Bank vs PNB vs ICICI vs SBI vs …

These 5 banks revise FD rates ahead of RBI's rate decision
3 months, 2 weeks ago

These 5 banks revise FD rates ahead of RBI's rate decision

India Today  

Several banks have recently revised their fixed deposit rates, offering attractive returns for both regular customers and senior citizens. Here's a closer look at the latest FD rate revisions across banks: KARNATAKA BANK Karnataka Bank has updated its FD rates for callable and non-callable deposits, effective December 2, 2024. Specifically, the bank offers the following FD interest rates for general …

FD interest rates: Here’s what is on offer by HDFC Bank, SBI, ICICI, Canara & more — compare who is offering most
4 months ago

FD interest rates: Here’s what is on offer by HDFC Bank, SBI, ICICI, Canara & more — compare who is offering most

Live Mint  

India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit interest rates, and it is thus recommended that you compare most options available before making an investment. Private Banks' FD Rates India's largest private lender, HDFC Bank, is offering FD interest rates between 6.60-7.00 per cent for all customers and between 7,10-7.50 …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
4 months ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI
4 months ago

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI

Hindustan Times  

The Reserve Bank of India has designated State Bank of India, HDFC Bank and ICICI Bank as Domestic systemically important banks, PTI reported. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent, the PTI report added. "Hence, up to March 31, …

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI
4 months ago

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI

Hindustan Times  

The Reserve Bank of India has designated State Bank of India, HDFC Bank and ICICI Bank as Domestic systemically important banks, PTI reported. Photographer: Dhiraj Singh/Bloomberg {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The SBI continues to be remain in the top 4, which requires the country's largest lender to keep an additional CET1 of 0.80 per cent, as per the list.The Reserve …

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details
4 months ago

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

Live Mint  

State Bank of India has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. New lending rates with effect from Nov 15 Tenures Existing rate New rate Over night 8.20 8.20 One month 8.20 8.20 Three month 8.50 8.55 Six month 8.85 8.90 One year 8.95 9.00 Two years 9.05 9.05 Three years 9.10 9.10 …

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
4 months, 1 week ago

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks

Live Mint  

India’s central bank, the Reserve Bank of India, announced on Wednesday that the State Bank of India, HDFC Bank, and ICICI Bank remain designated as domestic systemically important banks. According to the RBI, SBI and HDFC Bank will face heightened capital buffer requirements beginning April 1, 2025. PSBs vs Private banks Separately, a recent report by SBI highlighted robust financial …

At India’s largest bank, all eyes on premium customers
4 months, 1 week ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth
7 months ago

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth

News 18  

State Bank of India, India’s largest lender and public sector bank, in its report, has dismissed the concerns about the flagging in the banking sector’s deposit growth. The report highlighted that in the Financial Year 23, the banking sector, particularly All Scheduled Commercial Banks, registered the highest absolute growth in both deposits and credit since 1951-52. Meanwhile, the credit expanded …

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase
7 months ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle  

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here
7 months ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18  

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
7 months ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here
7 months, 1 week ago

Home Loan Interest Rates Comparison: SBI, PNB, ICICI Bank & HDFC Bank, Check Details Here

News 18  

Home Loan Interest Rate Comparison 2024: Navigating the home loan market can be challenging, especially with interest rates that can fluctuate and significantly affect your long-term financial plans. Home Loan Interest Rate Comparison Below is the list of floating interest rates of various banks; SBI Home Loan Interest Rates The State Bank of India offers multiple options for home loans. …

Want to do FD? Know which govt bank offers highest interest rate on fixed deposits
7 months, 1 week ago

Want to do FD? Know which govt bank offers highest interest rate on fixed deposits

India TV News  

Fixed deposits: In the past two months, several public sector banks have adjusted their fixed deposit interest rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. This scheme offers an attractive interest rate of 7.25 per cent per annum on FDs with …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
7 months, 1 week ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained
7 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained

Hindustan Times  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% for the ninth time in a row, RBI Governor Shaktikanta Das announced on Thursday, August 8, 2024. "The Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. The RBI governor said that food prices are likely to …

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore
8 months ago

HDFC Bank Q1 Results: Profit Surges 35% YoY At Rs 16,175 Crore

ABP News  

HDFC Bank, India's largest private sector lender, announced a 35 per cent year-on-year growth in net profit to Rs 16,175 crore for the quarter ending June 2024, supported by robust net interest income and reduced provisions. However, compared sequentially, the lender's net profit declined by 2 per cent from Rs 16,511.85 crore in Q4FY24, primarily due to slower income growth …

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details
8 months ago

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

India TV News  

SBI loan: Taking a loan from the State Bank of India, the country's largest public sector bank, has become more costly today. It's important to note that EMIs for personal and auto loans linked to the MCLR will rise, while home loans tied to the repo rate will remain unchanged. SBI's new interest rates SBI has increased the one-month MCLR …

Bears flock to HDFC Bank counter as loan, deposit growth slows
8 months, 1 week ago

Bears flock to HDFC Bank counter as loan, deposit growth slows

Live Mint  

Mumbai: Bears have flocked to the derivatives counter of HDFC Bank after the lender reported slower loan growth and flat deposit growth in the June quarter last week. Joshi, ED, Khambatta Securities, said the pain of the merger of HDFC into the lender could last for a "few more years " but added he doesn't expect a "big correction" after …

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase
9 months ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News  

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank
11 months, 2 weeks ago

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank

Live Mint  

Bank of India revises FD rates: BOI has updated its fixed deposit interest rates for deposits below ₹2 crore. Bank of India latest FD rates For deposits maturing between 7 days and 45 days, the Bank of India is offering an interest rate of 3%. Bank of India revises FD rates Deposits maturing in 1 year to less than 2 …

HDFC Bank Q4 update: Gross advances up 1.6%, deposits rise 26%
11 months, 2 weeks ago

HDFC Bank Q4 update: Gross advances up 1.6%, deposits rise 26%

Hindustan Times  

HDFC Bank said its gross advances at the end of the March quarter rose 1.6% to 25.08 trillion rupees from the December quarter. Gross advances at ₹16.14 lakh crore in the corresponding period of the previous financial year and rose over ₹24.69 lakh crore as of December 31, 2023, the bank informed. The private lender said that its domestic retail …

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here
11 months, 3 weeks ago

HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8%: Complete details here

Hindustan Times  

HDFC Bank increased its repo-linked home loan interest rates by 10-15 basis points to a range between 9.05 percent to 9.8 percent in March. Other major private and public sector banks also offer home loans at interest rates ranging from 8.70 per cent to 10.05 per cent. ICICI Bank offers interest rates for home loans with range from 9 per …

SBI in talks with RBI to lower cash reserve ratio requirement on green deposits
1 year, 1 month ago

SBI in talks with RBI to lower cash reserve ratio requirement on green deposits

The Hindu  

State Bank of India chairman Dinesh Khara on February 16 said the nation's largest lender is in talks with the Reserve Bank to reduce the cash reserve ratio requirement on green deposits. State Bank of India last month announced a green deposit scheme, a first in the domestic banking, to attract long-term retail deposits to be used only to fund …

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison
1 year, 1 month ago

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison

News 18  

HDFC Bank Vs SBI Vs ICICI Bank FD Rates: Fixed-income instruments, like small savings schemes, bank FD and G-Sec, have been a sought-after route for those investors who are looking for a stable return with low risk. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year. …

SBI Q3 net slips 35% on wages, pension
1 year, 1 month ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

These banks have revised fixed deposit interest rates in January 2024
1 year, 1 month ago

These banks have revised fixed deposit interest rates in January 2024

Live Mint  

Several banks in India have hiked or revised interest rates on fixed deposits in January 2024, including Punjab National Bank, Bank of Baroda, Union Bank of India, Kotak Mahindra Bank, and Federal Bank. Karnataka Bank latest FD rates Karnataka Bank offers interest rates between 3.5% to 7.25% for amounts below ₹2 crore for general citizens. Federal Bank latest FD rates …

PNB raises FD rate again: These are the fixed deposit rates offered by 5 major banks
1 year, 2 months ago

PNB raises FD rate again: These are the fixed deposit rates offered by 5 major banks

Live Mint  

Several banks have raised their interest rates on fixed deposits in the past one month. Meanwhile, the deadline of State Bank of India's special tenure FD of 400 days wherein it offers 7.10 percent per annum rate has been extended by another three months until March 31, 2024. Punjab National Bank: PNB recently raised interest rate on fixed deposits of …

PNB hikes fixed deposit rates by up to 50 bps. How they compare with SBI, BoB
1 year, 2 months ago

PNB hikes fixed deposit rates by up to 50 bps. How they compare with SBI, BoB

Live Mint  

Punjab National Bank has revised fixed deposit interest rates on amounts below ₹2 crore. PNB cuts FD rates on this tenure Punjab National Bank has cut FD rates on 444 days by 45 bps from 7.25% to 6.8%. PNB latest FD rates for senior citizens, super senior citizens After the latest revision, PNB offers an interest rate ranging from 4% …

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