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November 22nd, 2022 7:13 PM 0 COMMENTS

Deposit Rates Are Increased by Bajaj Finance for the Third Time in Three Months

Bajaj Lending, a non-banking finance company, has increased deposit rates for the third time in as many months to protect against liabilities as the sector competes for capital in a level that hasn't been seen in almost a decade. In accordance with the changing macroeconomic trend, Ujjivan Small Finance Bank has also increased the deposit rate on several buckets. The competition for deposits could intensify due to decreasing liquidity and... Read More

November 21st, 2022 7:15 PM 0 COMMENTS

DBS Bank Updates Its Fixed-rate FD Interest Rates

The interest rate of DBS Bank on fixed deposits under Rs. 2 crore has been revised. The lender's official website states that the revised or new interest rates are valid as of November 18, 2022. The bank now offers interest rates on fixed deposits maturing in 7 days to 5 years or more that range from 2.50% to 6.50% for the general public and 2.50% to 7.00% for senior citizens... Read More

November 19th, 2022 8:40 PM 0 COMMENTS

Unity Bank: Senior Citizens Fixed Deposit Interest Rates Have Increased Once More

Senior Citizens can now receive Fixed Deposit interest rates of up to 9% from Unity Small Finance Bank. Unity Small Finance Bank has today raised the interest rates it offers on fixed deposits in order to capitalise on the current environment of high interest rates and the popularity of its recently introduced "Shagun" special fixed deposit interest rates. Senior citizens can now invest in fixed deposits with Unity Bank at... Read More

November 18th, 2022 8:30 PM 0 COMMENTS

Changes to FD Rates by HDFC Bank Pay up to 7.30%

HDFC Bank, the leading private sector lender, has reduced interest rates on fixed deposits of more than 2 crore to less than 5 crore. According to the bank's official website, the new rates go into effect today, November 18th, 2022. Domestic / NRO / NRE deposits are subject to the revised rates. Following the revision, the bank now offers interest rates on deposits maturing in 7 days to 10 years... Read More

November 18th, 2022 8:00 PM 0 COMMENTS

Axis Bank Stakes Its Credit Expansion on Working Capital Loans and MSMEs

Axis Bank, India's third-largest private lender, will shift its focus to mid-corporate and working capital loans, away from longer-term lending and larger infrastructure-related loans, according to a top executive on Friday. "Within the corporate side, we were more infrastructure, longer term-loan focused earlier. We are now moving to be more working capital or shorter term-loan focused to reduce risk," Rajiv Anand, deputy managing director of Axis Bank, said in an... Read More

November 18th, 2022 7:30 PM 0 COMMENTS

IDBI Bank Stake Sale: The Centre Seeking Extension From Market

According to CNBC TV-18 sources, the central government is seeking an extension from the markets regulator for the 25 percent minimum public shareholding (MPS) norm for IDBI Bank following privatization. On November 18, the channel reported that the government is sticking to the December 16 deadline for receiving bids for the IDBI Bank. According to sources, the Securities and Exchange Board of India promoters - LIC and government - hold... Read More

November 17th, 2022 9:30 PM 0 COMMENTS

The Bank of Baroda Has Raised FD Rates and Is Now Offering a 7.5 Percent

Bank of Baroda (BoB) has raised its fixed deposit interest rates while also offering a return of up to 7.5 percent under its special fixed deposit. With effect from November 14, the Bank of Japan raised its fixed deposit interest rates by up to 100 basis points. Fixed deposit interest rates on deposits less than Rs 2 crore, as well as bulk saving deposits, have been raised by the bank.... Read More

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