Axis Bank offers interest rates that range between 3.5% and 7% for general public on deposits maturing in 7 days to 10 years.
HDFC Bank hikes most of its retail fixed deposit rates by 40-75 basis points, with effect from 14 December.
State Bank of India has raised interest rates on fixed deposits ranging from 25 basis points to 65 basis points, with effect from 13 December.
RBI decides to restore market trading hours to pre-pandemic timings, with effect from 12 December.
Loans have become costlier as some banks have hiked their benchmark lending rates soon after the RBI announced a 35 basis points increase in repo rate
RBI is looking at technology and legal provisions to ensure that central bank digital currency transactions are anonymous, Deputy Governor T Rabi Sankar said.
IDFC First Bank and NASSCOM Centre of Excellence have partnered to grow the innovation ecosystem through an exclusive range of banking solutions.
Canara Bank has won the ‘Banker's Bank of the Year Award 2022’ for the Indian segment of the Global Banking Summit.
Fitch expects bank credit to expand by 13%, up from 11.5% a year ago; deposits to grow 11% in current and next fiscal years, slower than loan growth.
Kaizad Bharucha, the current executive director of HDFC Bank, has been elevated to the rank of MD; Bhavesh Zaveri is made executive director.
The outstanding CDs stand at Rs 2.41 lakh crore as of 21 October compared to just Rs 0.57 lakh crore a year ago.
Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates of up to 7.85% per annum.
Punjab & Sind Bank plans to add 50 branches, 25 of which will open this quarter and the rest 25 in the next quarter.
Punjab National Bank shuts Hong Kong branch, is on track to recover Rs 32,000 crore from bad loans in FY23 and shortlists Rs 20,008 crore of stressed assets to move to NARCL, CEO Atul Kumar Goel said.
IDBI Bank posts 46% YoY rise in net profit to Rs 828.09 crore in September quarter amid double-digit growth in advances and improvement in asset quality.
