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November 17th, 2022 9:00 PM 0 COMMENTS

Union Government’s Suuti Announced Plans to Sell 4.65 Billion Shares, Representing a 1.55% Stake in Axis Bank

The government received over 3,800 crore from the sale of Axis Bank shares. As a result, the proceeds from disinvestment during the current fiscal year have reached 8,383 crore, as opposed to the estimated 65,000 crore. "The government received approximately 3,839 crore from the sale of Axis Bank shares held by SUUTI (Specified Undertaking of the Unit Trust of India)," said Tuhin Kanta Pandey, Secretary in the Department of Investment... Read More

November 17th, 2022 8:50 PM 0 COMMENTS

Bank of Baroda and Other PSBS Inform Customers about AIBEA’s Call for a Strike on November 19th

The bank union All India Bank Employees' Association (AIBEA) has called for a strike on Saturday to protest the ongoing outsourcing of jobs, which may have an impact on the operations of public sector banks (PSBs). According to reports, there may be some impact on cash deposits and withdrawals, check clearing, and so on. PSBs such as Bank of Baroda and Punjab & Sind Bank have already informed their customers... Read More

November 3rd, 2022 7:47 PM 0 COMMENTS

Check out a List of Banks That Provide Fixed Deposit Interest Rates of over 7%

Undoubtedly, many people have shifted to the equities markets in search of higher profits. Some people might think that SIPs for mutual funds are a better choice. SIP has recently been quite well-liked among investors in mutual funds. However, you might still come across someone every two minutes who considers fixed deposits to be the safest way to store your money in banks. A fixed deposit is regarded by many... Read More

November 3rd, 2022 7:47 PM 0 COMMENTS

Senior Citizens Will Now Receive 7.75% of the Revised FD Interest Rates from RBL Bank for This Fixed Deposit Term

The interest rates on fixed deposits under Rs. 2 crore across all client categories have been revised by Mumbai-based RBL Bank. Senior citizens benefit the most from these FDs because they can earn additional rates between 0.5 and 0.75%. Beginning on November 1, 2022, the revised rates are in effect. The new prices range from 3.25% to 7.25% for the general category, while the rates for senior persons range from... Read More

November 1st, 2022 7:44 PM 0 COMMENTS

FD interest rates of Canara Bank increased once more in 2022

With effect from today, October 31, Canara Bank has increased the interest rate on its fixed deposits once more. Prior to that, the Canara Bank FD rates have increased with effect starting from October 7. As a result of the rate increase, the bank's minimum interest rate is now 3.25 percent, while the highest rate for the general public is 7 percent, and it is 7.5 percent for senior citizens.... Read More

October 29th, 2022 7:30 PM 0 COMMENTS

ICICI Bank Extends Its Special Deposit Programme and Raises Fd Rates by up to 50 Basis Points

ICICI Bank, one of the top private sector banks in India, raised its interest rates on fixed deposits under 2 crore rupees. On the bank's official website, it is stated that the new rates will take effect on October 29, 2022. The bank has increased interest rates on deposits maturing in 46 days to 10 years by up to 50 bps as a result of the modification. The bank is... Read More

October 28th, 2022 8:54 PM 0 COMMENTS

In Q2 FY23, Bandhan Bank Reports a Net Profit of Rs 209 Billion

On the strength of a decline in bad loans, private sector lender Bandhan Bank on Friday recorded a net profit of Rs. 209.30 crore for the quarter ended in September 2022. Due to higher provisioning, the bank with its headquarters in Kolkata reported a net loss of Rs 3,008.60 crore in the same period last year. According to Bandhan Bank, the bank's overall revenue from July through September 2022–23 increased... Read More

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