HDFC Bank, Punjab National Bank Hikes Interest Rates on Fixed Deposits
Banks continued to raise fixed deposit rates on Thursday, including HDFC Bank and Punjab National Bank (PNB). While HDFC Bank raised rates by up to...
Category : PERSONAL FINANCE
PNB Raises Interest Rates on Fixed Deposits Twice a Week: Now Increase to 6.1%
Public sector lender, Punjab National Bank (PNB) has once more announced an increase in interest rates for fixed deposits under Rs. 2 crores. According to...
Ujjivan Small Finance Bank Raises Fixed Deposit Rate by 1.5%
Ujivan Small Finance Bank has raised its fixed deposit rate by 1.5%. The new rates are effective from August 9th.The bank said rates have increased...
Govt Gets RBI Nod for Structuring IDBI Stake Sale
The Reserve Bank of India (RBI) has agreed with the government to arrange the sale of IDBI’s stake. All issues related to the structure of...
Axis Bank Launches One-Stop Cash Management Solution
First-of-its-kind enterprise digital banking solution Simplify and automate accounts receivable reconciliation Simplify and automate accounts receivable reconciliation to accelerate cash flow and reduce business costs....
Loans to Get More Expensive as Banks Raise Lending Rates After RBI Hike
Equivalent monthly instalments (EMIs) and borrowing costs will become more expensive as major Indian banks raise lending rates or after the RBI hikes its key...
Yield Rise Erodes Bank Profits in Q1, SBI worst hit, Canara Gains
A jump in bond yields during the June quarter of 2022 negatively impacted all large lenders. Of eight major banks, only two have escaped losses....
HDFC Hikes Benchmark Lending Rate, RPLR By 25Bps from August 9
Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, raised its benchmark lending rate by 25 basis points, effective August 9, 2022, the company...
HDFC Bank Hikes Rates by 5-10 Bps Across Loan Tenures
HDFC Bank has increased lending rates by 5-10 basis points over the life of the loan. The central bank raised its key interest rate by...
Bank of Baroda to Raise Rs 1,000 Crore Via Infra and Affordable Housing Bonds
Media reported that INS that Bank of Baroda, the second largest state-owned lender, plans to raise Rs 1,000 crore by issuing bonds on infrastructure and...