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....
View ArticleICICI 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...
View ArticleAnother 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...
View ArticleHDFC 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...
View ArticleAditya 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...
View ArticleNo 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...
View ArticlePNB 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...
View ArticleDeposits 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...
View ArticleFind 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...
View ArticleFour 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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