The market valuation of eight out of the top ten most valuable companies in India saw a significant increase last week, adding a total of â‚ą1,53,019.32 crore. Bharti Airtel, along with IT giants Infosys and Tata Consultancy Services (TCS), emerged as the biggest beneficiaries, reflecting a strong rally in the equity markets, on August 30,…
But Setty does not rule out tweaking in rates for one- to two-year deposit buckets Source link
Before you decide to open a fixed deposit (FD) account in a bank, it is incumbent upon you to compare the interest rates offered by different banks. The interest rates usually do not vary much from lender to lender. However, there is a rule of thumb that applies to most lenders uniformly —the longer the…
Mumbai: Correction in equity markets over time, could help some deposits return to banks, State Bank of India managing director Ashwini Kumar Tewari said on the sidelines of the Global Fintech Fest (GFF) on Wednesday. “As the market corrects over time, some of the money which used to be with us, will also come back,” Tewari…
Typically, banks offer fixed deposits with a maximum tenure of 10 years. There is no bank that offers an FD with a tenure longer than 10 years. This may change soon. Suryoday Small Finance Bank plans to stretch the maximum tenor of a Fixed Deposit (FD) to over 20 years, and the depositors will also…
Prior to investing in a fixed deposit in a bank, depositors are recommended to compare the interest rates of different banks. This can help them maximise their earnings. Typically, depositors opt for a bank with which they share a long-term banking relationship. However, it should not be seen as a rule of thumb. Sometimes, a…
Special FD schemes: To deal with falling deposits, several Indian banks have launched limited-period special Fixed Deposit schemes on fixed tenure with higher interest rates. Many of these fixed deposit schemes, launched over the past two months, can be a good investment option for Indian investors seeking a reliable and steady return on their savings….
If you are planning to buy a house and wondering where to raise a home loan from, then it is recommended that you compare the interest rates charged by different banks before taking a call. It is noteworthy that the rate of interest is a key factor, but not the only one which is supposed…
Now the biggest culprit behind Bank Nifty’s underperformance has been its largest constituent by weightage—HDFC Bank. But even beyond this behemoth, Indian banks are currently grappling with some considerable systemic challenges, all of which were evident in their recent results. Dial D for Deposits When the country’s largest private sector bank as well as the…
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest….
