CHENNAI: The Reserve Bank of India (RBI) appointed Salee Sukumaran Nair as the Managing Director (MD) and Chief Executive Officer (CEO) of Tamilnad Mercantile Bank (TMB) on Friday. Nair previously…
MUMBAI: Even as analysts are forecasting the monetary policy committee meeting this week to vote for another pause with a rate cut pushed to December, banks have been selectively raising…
MUMBAI: State Bank of India reported a 1 per cent increase in its Q1 FY25 net profit to Rs 17,035 crore from Rs 16,884 crore in the corresponding quarter last…
MUMBAI: State Bank of India reported a 1% increase in its Q1FY25 net profit to Rs 17,035 crore from Rs 16,884 crore in the corresponding quarter last year. However, profits…
Banks offer special FD rates to attract deposits: In an effort to attract retail deposits, banks have launched special schemes offering savers an additional 25-30 basis points for term deposits…
MUMBAI: Gen Z and millennials are driving high growth in digital loans. The Gen Z cohort comprises youngsters in the 18-25 age group, many of whom entered adulthood during the…
Corporate Fixed Deposit Interest Rates: For individuals seeking higher fixed deposit interest rates than those offered by banks, investing in corporate FDs can be a viable option. Corporate fixed deposits,…
Highest fixed deposit rates: State Bank of India hiked its fixed deposit rates for certain terms under one year, effective May 15, 2024. HDFC Bank, Canara Bank, and ICICI Bank…