RBI will be conducting a 14 day variable rate repo auction on March 10 for injecting almost ₹1 lakh crore into the banking system as said on Thursday. The VRR is usually undertaken for withdrawing excess liquidity from the system....

Kotak Mahindra Bank, a leading and largest lender, has promoted its interest rates on fixed deposits (FDs) of less than Rs 2 crore. The bank increased the interest rates on a few tenors by up to 50 basis points after the modification. For deposits...

The public sector lender Indian Bank debuts a special fixed deposit (FD) of 400 days for women to mark International Women's Day. The bank has announced "IND Super 400 Days," a special retail term deposit product specifically for...

Fintech lending platform, MoneyWide offers Siply users paper free and instant personal loans at its phygital branches. Siply aims to disburse more than 10,000 loans by FY24 worth ₹100 crore along with this partnership. The fintech aims to...

Exporters are demanding that the Interest Equalization Scheme (IES) rate at 3 percent to 6 percent in the view of increased cost of funding. At the average bank interest rate there is an increase of 3 percent because of the rise in repo rate since...

Non-banking finance companies are expecting up to 30 basis points rise in their borrowing cost in next financial year as they expect the Reserve Bank of India to hike repo rate in its April Monetary Policy Committee meeting by 25 basis points,...

Nifty PSU Bank decreases index by surging of nearly four percent on the National Stock Exchange (NSE) for Friday’s intra-day trade in-between sharp rebound in Adani group upholding. State Bank of India (SBI), Bank of Baroda, Punjab...

Aiming for a collaboration on renewable energy and green hydrogen projects financing, Maria Shaw-Barragan, Global Director, European Investment Bank (EIB), met Pradip Kumar Das, Chairman and Managing Director (CMD), Indian Renewable Energy...

Mortgage lender HDFC has presented ‘Diamond deposits’ for senior citizens with rate of interest of 8% p.a. for a tenure of 75 months with effect from 1 March 2023. Additional Incentive- .05% in case of deposit placed/renewed through...

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