PNB hikes fixed deposit rates by 50 basis points across various tenures Punjab National Bank (PNB) on Tuesday increased the interest rate of fixed deposits across various tenures by 50 basis points or 0.5 per cent in a bid to attract deposits. Interest rates on term deposits below Rs 2 crore between one year and ...

SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23 State Bank of India (SBI) is planning to raise up to Rs 10,000 crore via infrastructure bonds during the current quarter ending March 2023. The country’s largest lender may float a public offering of these bonds or place them privately, ...

Banks are not adding this clause to the new locker agreement: How does this impact you? [ad_1] The Reserve Bank of India (RBI) has mandated that banks must sign a new bank locker agreement with their customers on or before December 31, 2022. The new locker agreement must not have any clauses that are unfair to the customers. The revised ...

SBI to issue second tranche of infra bonds to meet credit growth: Report By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – The State Bank of India has approved raising another 100 billion rupees ($1.21 billion) through infrastructure bonds this quarter to fund credit growth, an official at the nation’s largest lender said on Tuesday. The executive committee ...

PNB Home Loan Interest Rates: PNB, Bank of India hike home loan rates: EMIs to increase further [ad_1] Punjab National Bank (PNB) and Bank of India have hiked the marginal cost of funds based lending rate (MCLR). The hike is effective from January 1, 2023.Punjab National Bank and Bank of India have hiked MCLR by up to 40 bps and ...

Rupee’s threat to slip below 83 per US dollar likely nipped by RBI The Indian rupee declined against the U.S. currency on Tuesday, fuelled by the dollar’s surge versus its major peers and importer hedging, though the Reserve bank of India’s likely intervention kept the drop short of the 83-per-dollar mark. The rupee closed at ...

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HDFC Bank partners with Microsoft for digital transformation journey HDFC Bank on Tuesday said it is partnering with Microsoft in the next phase of its digital transformation. The private sector lender is developing in-house IPs as well as partnering with several companies, including FinTechs, to co-create technology IPs, the lender said in a statement. HDFC Bank will leverage ...

Yes Bank FD Interest Rates: Yes Bank revises FD interest rates; introduces new tenure [ad_1] Yes Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore with effect from January 3, 2023. The bank will now offer FD interest rates between 3.25% and 7% on tenures ranging from 7 days to 10 years on regular deposits. ...

MF: Surge in credit to NBFCs takes service sector loans past those to industry Higher credit offtake by non-banking finance companies (NBFCs) has seen credit to the service sector surpassing the quantum of loans from banks to the industrial sector, shows Reserve Bank of India’s latest sectoral deployment data for November 2022. According to the ...