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DEPOSITS
$127 bn foreign currency deposit mobilisation a 'shot in the arm' for Indian banks: S&PA notable achievement for Indian banks occurred as they received USD 127 billion through a dedicated deposit scheme. This influx has signif...- 'FCNR haul to power HSBC's India wealth, retail banking push'HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a speci...
- ED probes TMC's ₹5.22 crore advance for aviation servicesThe Enforcement Directorate is examining advance payments made by Trinamool Congress for future aviation services. These payments total ₹5....
- ‘The biggest psychological comfort zone’: CA on why your FD may be quietly hurting your wealthCA Nitin Kaushik explains why Fixed Deposits, despite offering guaranteed returns, may not always build long-term wealth. He compares Rs 1....
- Fed review finds supervisory delays contributed to Silicon Valley Bank failureFederal Reserve supervisors knew of Silicon Valley Bank's weaknesses early. Action was delayed despite identified vulnerabilities in the ba...
- Bank credit growth hits 8-quarter high, widens funding gap as deposits lag: ReportBank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing fund...
- Up to 7.50% interest rate on 555-day FD: Check highest rates for general and senior citizensFD interest rates: Many banks are currently promoting compelling interest rates for 555-day fixed deposits. While general depositors can en...
- FCNR(B) scheme could yield Rs 5.5 trillion notional profit for banks, RBI: SBI ResearchSBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of signif...
- SBI debits Rs 19.9 lakh for late spouse’s loan, freezes salary account despite not part of the debt; High Court orders it to pay widow Rs 20.9 lakhAllahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s perso...
- Say goodbye to chalky limescale with this simple aluminium foil hack to clean stubborn white deposits around your faucetHard water minerals create stubborn limescale buildup on faucets. Crumpled aluminum foil can gently scrub away these deposits effectively. ...
- Will fixed deposit interest rates go up in October as inflation rises?Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by t...
- Can your landlord refuse to return your security deposit without any damage? Know your rights as a tenantWorried about your security deposit? Landlords can't keep it for normal wear and tear or upgrades. Learn what legitimate deductions are, wh...
- Reliance Industries to raise Rs 12,500 crore via five-year bondsIn a significant financial maneuver, Reliance Industries aims to secure ₹12,500 crore via a five-year bond issuance, orchestrated by Indian...
- Pouring white vinegar into your toilet once a week can tackle this common bathroom problemWhen it comes to maintaining a sparkling toilet, white vinegar proves to be a trusty companion. Its acetic acid works wonders in dislodging...
- Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data showsOverseas deposits from the Indian diaspora significantly boosted the country's capital account surplus. This inflow helped offset the overa...
- Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woesBank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits afte...
- Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEOBank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately ...
- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...
- Bengaluru flat security deposit is 'volunteered robbery': Landlord's surprise deductions leave tenant with just Rs 7,500 out of Rs 40,000 advanceA Bengaluru tenant’s Reddit post has sparked a debate over rental deposits after he claimed that his Rs 40,000 advance was reduced to just ...
- India’s record foreign deposit push could cost RBI $10.6 billion: Why the diaspora fundraising drive may prove expensiveIndia's recent fundraising initiative among its diaspora is anticipated to incur significant expenses for the Reserve Bank of India. The un...
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