News Muncher - category deposits

1 week, 4 days ago

Collateral deposits of ₹4.5 tn show inefficiencies in system: Sebi’s Narayan G

Much of collateral placed by investors is locked in opaque systems controlled by brokers, custodians and banks, Securities and Exchange Board of India's Whole Time Member Ananth Narayan G said on Thursday, highlighting the inefficiencies within the system. Speaking at the India Fintech Forum 2024 in Mumbai, Narayan said that much of the collateral placed by investors—currently at ₹4.5 trillion—is …

India Sebi System Narayan

1 week, 4 days ago

Actor Kamaal Khan deposits gun, cops move to cancel lookout circular against him

India Today

The Bombay High Court on Wednesday accepted a statement made by the Mumbai Police that it moved to cancel a lookout circular issued against actor Kamaal R Khan for not depositing his licensed gun during the Lok Sabha election. The actor had approached the High Court through lawyer Sana Raees Khan seeking the cancellation of the lookout circular issued by …

Lok Sabha Khan Firearm Issued Lookout Circular Takalkar

1 week, 6 days 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 …

Bank Interest Rates Interest Hdfc Bank Months Hdfc Deposit

2 weeks ago

Unlocking Rs 1 lakh crore unclaimed bank deposit coffer

New Indian Express

MUMBAI: The Lok Sabha last week passed a slew of amendments to the banking laws, by bringing in as many as 19 amendments to the existing pieces of legislation governing the banking system, including that of the RBI Act. But of the 19 changes introduced, just two of them go a long way in the real service of the common …

Bank Rbi Account

2 weeks, 2 days ago

[Income Tax Act] Placing Funds In One Account Before Transferring It To Another Does Not Attract S. 69A: Allahabad High Court

Live Law

The Allahabad High Court has upheld the finding of the Income Tax Appellate Tribunal and Commissioner of Income Tax that when an agreement between parties specifies a direct transfer of money, doing so indirectly by keeping the funds in a distinct account before sending them to the final account, does not place the money under the definition of 'unexplained money' …

Tax Court Income Tax Bank Income Agreement Tribunal

2 weeks, 3 days ago

Read how HDFC Bank employee stole Rs 3 crore from customer

Op India

A bank is usually regarded as the safest place to store one’s money and assets. The case serves as a stark reminder not to put full faith in anyone, even bank employees as Kothari had earned Kapuria’s trust and took blank signed cheques from her, assuring that the money would be invested in mutual funds, gold bonds, new fund offers, …

Mumbai Money Bank Fixed Deposits Rbi Hdfc Bank Kothari

2 weeks, 3 days ago

RBI hikes rate caps on diaspora’s foreign currency deposits to attract flows

Live Mint

Mumbai, Dec 6 The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move aimed at attracting more capital flows amid pressures on the rupee. Announcing the fifth bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said it has been decided to increase the interest …

Rbi Das Deposits Foreign Currency Rate Caps

2 weeks, 3 days ago

Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility

Live Mint

Reserve Bank of India Governor Shaktikanta Das, during the Monetary Policy Committee meeting announcement on December 6, said the bank's facility of providing credit lines through Unified Payments Interface will now be expanded. RBI MPC keeps policy rate unchanged — Details The RBI MPC today decided to keep the policy rate unchanged for the 11th consecutive time, but sharply lowered …

Policy Cent Rate Banks Das Mpc Crr

2 weeks, 5 days ago

FD interest rates: 8 banks offer highest interest on 3-year fixed deposits, see details

Live Mint

Before you lock your funds in a fixed deposit, it is vital to compare the interest rates offered by different banks. Let us find out which bank is offering what interest rate on 3-year fixed deposits Private banks As we can see in the table below, HDFC Bank offers 7 percent interest on its fixed deposits to general citizens and …

General Offers Bank Interest Fixed Deposits Senior Citizens Citizens

2 weeks, 5 days 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 …

Bank Interest Rates Senior Citizens Rate Citizens Rates Senior

2 weeks, 6 days ago

Banking Bill seeks to resolve issues about unclaimed deposits, nomination among 17 other changes

New Indian Express

MUMBAI: Finance Minister Nirmala Sitharaman has tabled the Banking Laws Bill in the Lok Sabha, proposing to make as many as 19 amendments, including changes in the RBI Act, the Banking Regulation Act, the SBI Act, the Banking Companies Act, and the Banking Companies Act. The bill The bill seeks to bring about changes in the RBI Act of 1934, …

Transfer Act Banking Bill

3 weeks ago

Bank FD vs Corporate FD: Which investment option offers better returns?

Live Mint

Fixed Deposits are one of the most preferred investment options in India due to their simplicity, guaranteed returns, and low risk. Key differences between bank FDs and corporate FDs Criteria Bank FD Corporate FD Issuer Banks Corporates or NBFCs Risk Level Low Moderate to high Interest Rates Relatively lower Higher Tenure Options Flexible Generally fixed Credit Rating Not applicable Determined …

Corporate Financial Credit Investment Interest Rates Risk Interest

3 weeks ago

Rs 1 trillion stuck in inoperative accounts, RBI asks banks to monitor resolution

New Indian Express

MUMBAI: The Reserve Bank has prodded bankers to resolve the mounting issue of inoperative accounts and the huge amount of unclaimed deposits in them by asking lenders to monitor the resolution process at the board level. In a circular to all heads of banks Monday, the regulator advised banks to take necessary steps urgently to bring down the number of …

Crore Banks Accounts Unclaimed Deposits Inoperative Accounts

3 weeks, 2 days ago

Banks see deposits rise for the third consecutive fortnight since mid-October

New Indian Express

MUMBAI: Indian banks' intense efforts to mop up deposits have finally begun to pay off, with liabilities growing faster than assets for the third consecutive fortnight. It marks the first time in 30 months that this has happened, following a period of aggressive deposit collection by lenders since the credit-deposit growth mismatch began in the fortnight ending March 25, 2022. …

Growth Credit Loan Rbi Banks Deposit Deposits

3 weeks, 4 days ago

Retail investors are key to sustaining China’s stock-market rally

Live Mint

China’s massive stimulus hasn’t revived its economy but its stock markets have been kicked higher. China’s stock market is unique in that it is dominated by its 200 million retail investors, who have been heading back to equity markets given the dearth of attractive investment opportunities amid falling interest rates. Central bank data showed that helped grow bank deposits to …

China Markets Market Retail Investors Stock Investors Chinese

3 weeks, 5 days ago

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list

India TV News

Fixed Deposits for senior citizens: For investors prioritising the safety of their funds, Fixed Deposits remain a preferred investment option. Private banks currently offer attractive interest rates for senior citizens, providing an extra 0.25 per cent to 0.50 per cent interest over standard rates. List of private banks offering maximum interest to senior citizens on FDs: Bank Interest rate for …

Bank Interest Rates Fixed Deposits Senior Citizens Citizens Banks Senior

3 weeks, 6 days ago

Does hard water impact your geyser’s lifespan? See some ways to safeguard your water heater from hard water damage

Hindustan Times

As winter settles in, the last thing you want is for your geyser to stop working when you need it the most. Hard water, which contains high levels of minerals like calcium and magnesium, often goes unnoticed, but it can significantly impact your geyser’s lifespan and performance. Understanding the difference between hard water and soft water Hard water Soft water …

Energy Water Damage Hard Deposits Heating Contains

4 weeks ago

Fixed Deposits Vs Recurring Deposits: When To Choose What?

ABP News

Choosing between a Fixed Deposit and Recurring Deposit can often leave investors puzzled. Investing in Recurring Deposits An RD investments involves depositing a fixed amount monthly for a specific period that usually ranges from 6 months to 10 years. Investing in Fixed Deposits A fixed deposit allows you to make a lump sum investment for a fixed tenure, usually ranging …

Tax Income Interest 10 Years Fixed Fixed Deposit Fds

4 weeks ago

Why You Should Care About Post Office Interest Rates

New Indian Express

What Makes Post Office Interest Rates Unique? This stability makes post office interest rates particularly attractive to individuals seeking predictable outcomes for their savings. Popular Post Office Savings Schemes Several schemes under the post office umbrella cater to different needs, ensuring that there is something for everyone. Post Office Savings Account The basic savings account offered by post offices ensures …

Savings Office Post Rates Schemes

1 month ago

Prashant Kishor's Jan Suraaj Fails In Debut Election In Bihar, 3 Of 4 Candidates Lose Deposits

ABP News

In the byelection to four assembly seats in Bihar, the ruling NDA swept the bypolls retaining control on all the seats in the state a year ahead of the elections next year. Candidates of Prashant Kishor's Jan Suraaj, which made a debut in Bihar in the bypolls, failed to make an impact in the state despite the fanfare amid its …

Bihar Party Votes Bjp Seats Candidate Prashant Kishor

1 month ago

Prashant Kishor's 1st reaction as Jan Suraaj's 3 candidates lose deposits in Bihar bypolls

Hindustan Times

Prashant Kishor of the Jan Suraaj on Saturday dubbed the NDA's win in assembly bypolls in Bihar “a matter of concern” despite the Bharatiya Janata Party-led coalition's “failure” to end the state's chronic backwardness during its decades-long rule. Talking to reporters in Patna shortly after the results were out, Prashant Kishor also drew succour from the fact that his fledgling …

Bihar Party Votes Candidate Prashant Kishor Nda Jan

1 month ago

Best Bank FD Rates: Earn up to 8.25% on fixed deposits

Live Mint

Fixed deposits offer a reliable, consistent long-term return on investments. Starting November 5 onwards, the interest rates will range from 3.25 per cent to 7.75 per cent. For senior citizens, interest on their fixed deposits will be in the range of 3.75 per cent to 8.25 per cent. The bank will give the highest interest on the tenure of 18 …

Bank Interest Fixed Deposits Cent Rates Months 18 Months

1 month ago

ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus

Associated Press

NICOSIA, Cyprus — ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off Cyprus’ southern coast, the Cypriot energy minister said Friday. Cyprus officials have repeatedly said that offshore gas deposits could bolster Europe’s efforts to secure alternative energy sources following Russia’s …

Gas Total Block Cyprus Exxonmobil Cypriot Eni

1 month ago

India’s Modi seeks energy security from Guyana and its vast oil deposits

Associated Press

GEORGETOWN, Guyana — Indian Prime Minister Narendra Modi said Thursday during a visit to Guyana that his government views the South American country as key to its energy security. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print India's Prime Minister Narendra Modi waves as he arrives to Parliament in Georgetown, Guyana, Thursday, Nov. 21, 2024. …

India Oil Indian Share Minister Modi Parliament

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Articles for Deposits

Collateral deposits of ₹4.5 tn show inefficiencies in system: Sebi’s Narayan G

Actor Kamaal Khan deposits gun, cops move to cancel lookout circular against him

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

Unlocking Rs 1 lakh crore unclaimed bank deposit coffer

[Income Tax Act] Placing Funds In One Account Before Transferring It To Another Does Not Attract S. 69A: Allahabad High Court

Read how HDFC Bank employee stole Rs 3 crore from customer

RBI hikes rate caps on diaspora’s foreign currency deposits to attract flows

Credit Lines on UPI: RBI Governor Shaktikanta Das says small finance banks to now offer facility

FD interest rates: 8 banks offer highest interest on 3-year fixed deposits, see details

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

Banking Bill seeks to resolve issues about unclaimed deposits, nomination among 17 other changes

Bank FD vs Corporate FD: Which investment option offers better returns?

Rs 1 trillion stuck in inoperative accounts, RBI asks banks to monitor resolution

Banks see deposits rise for the third consecutive fortnight since mid-October

Retail investors are key to sustaining China’s stock-market rally

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list

Does hard water impact your geyser’s lifespan? See some ways to safeguard your water heater from hard water damage

Fixed Deposits Vs Recurring Deposits: When To Choose What?

Why You Should Care About Post Office Interest Rates

Prashant Kishor's Jan Suraaj Fails In Debut Election In Bihar, 3 Of 4 Candidates Lose Deposits

Prashant Kishor's 1st reaction as Jan Suraaj's 3 candidates lose deposits in Bihar bypolls

Best Bank FD Rates: Earn up to 8.25% on fixed deposits

ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus

India’s Modi seeks energy security from Guyana and its vast oil deposits