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Safety is the key: Why it’s time for investors to shift from deposits to...

Debentures are transferable whereas deposits are by definition not. Thus money is locked up for the duration of deposit, and if premature withdrawal is sought, the company extracts its pound of flesh....

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ICICI Bank, HDFC Bank slash deposit rates by up to 50 bps

Two of the biggest private sector lenders ICICI Bank and HDFC Bank have effected a cut of up to 0.50 percent in term deposit rates following tepid credit growth and ease in money market rates. The post...

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Another cut: SBI slashes retail deposit rate by 25 bps

India's largest public sector lender State Bank of India (SBI) has cut interest rates of three retail term deposits below Rs 1 crore by 25 basis points with effect from December 8. The post Another...

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HDFC Bank to cut lending rate by March, says Aditya Puri

Having cut its deposit offering by up to 0.50 per cent, the country's second-largest private sector lender HDFC Bank will be cutting its lending rate by March, a top official said today. The post HDFC...

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Aditya Puri: HDFC-HDFC Bank merger makes sense, have no proposal yet

Top private sector lender HDFC Bank has said a merger with parent HDFC makes sense in long-run, but there is no proposal on the table and regulatory clarity is required to make such a deal "more...

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No safe haven: Swiss National Bank to charge 0.25% for deposits

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying. The...

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PNB revises interest rate on fixed deposits by up to 0.5 percent

New Delhi: State-owned Punjab National Bank (PNB) today revised interest rate on fixed deposits by up to 0.5 per cent on various maturities. "For deposits less than Rs 1 crore having maturity between...

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Deposits in Jan Dhan accounts cross Rs 30,000 crore

Deposits in accounts opened under the government's flagship financial inclusion programme -- Pradhan Mantri Jan Dhan Yojana (PMJDY) -- have crossed the Rs 30,000 crore mark The post Deposits in Jan...

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Find out how cash-rich TCS, RIL, L&T are deploying funds to deepen govt bond...

TCS ploughed $3 billion into the market from January to March, its annual balance sheet showed last month The post Find out how cash-rich TCS, RIL, L&T are deploying funds to deepen govt bond...

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Four banks looking into Jandhan account deposits: Arun Jaitley

Finance Minister Arun Jaitley today said 4 PSU banks are "investigating from their branches" whether money in some Jandhan accounts was deposited by account holders themselves or by business...

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