Kotak Mahindra Bank Plans to Hire 20 Investment Bankers to Bet on M&A Recovery
The investment banking unit of Kotak Mahindra Bank is planning to expand its business by hiring about 20 bankers, betting that deal activity will rebound...
Category : PERSONAL FINANCE
Commercial Loans Flow on Capex Revival
There has been a clear reversal in fresh capital speculation by corporates, with bank loan demand being controlled by infrastructure, roads, renewable energy, and oil...
ICICI Bank, PNB, Bank of India Raise MCLR Home Loan Interest Rate
Three banks, ICICI Bank, Punjab National Bank (PNB) and Bank of India, raised the marginal cost of funds-based lending rate (MCLR) two days before the...
ICICI’s FD Interest Rates Hiked by Up to 20 Bps
ICICI Bank has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on first-rate tenors by up to 20 basis points. The...
SBI Cuts Savings Deposit Rate by 5 Bps to 2.7%, BoB Raises FCNR Deposit Rate
State Bank of India (SBI) has cut savings account rates by 5 basis points to 2.7% effective October 15. The new savings rate applies to...
Bandhan Bank Plans to Raise Secured Part of Loan Book to 70% in 3 Years
Bandhan Bank plans to increase the secured proportion of its total loan book to nearly 70% by 2025 from the current 39%, as the bank...
MF Assets Hits Rs 39.88 Trillion in September on higher SIP Inflows: AMFI
Focused by inflows into Systematic Investment Plans (SIPs), the mutual fund industry’s total Assets Under Management rose to Rs 39.88 lakh crore in September from...
Govt Raises DA by 4% Under 7th Pay Commission
On September 28, Minister of Information and Broadcasting Anurag Thakur announced that under the 7th Pay Commission, the Union Cabinet has increased the Dearness Allowance...
ICICI Bank Increases FD Interest Rate by 25 Bps
On fixed deposits of less than Rs 2 Crore, the private lender ICICI Bank has hiked fixed deposit interest rates from August 19 2022, as...
Banks See Decline in Savings Bank Deposits and Accretion in FDs, Says RBI Data
Banks are witnessing a shift in deposits from savings accounts to fixed deposits (FD) whilst credit growth is gathering steam. Data from the fortnight reporting...