"Dena Bank increases interest rates on FCNR (B)/RFC term deposit effective from January 1, 2015," the bank said in a release.

Banks are parking surplus funds in mutual funds and government bonds in the absence of attractive lending opportunities.

Instead of focusing only on property, NRIs should consider other, more lucrative avenues. Invest in bank deposits, stocks and mutual funds.

Rajan shocked the market by raising interest rates in his first monetary policy announcement, giving a clear signal that inflation was his ...

'Our bias still remains over to private sector banks and banks which have more of a retail franchise rather than the corporate,' says Mahes...

Punjab National Bank today revised its deposit rates downwards on Foreign Currency Non-Resident (FCNR) accounts with maturity of 2-5 years.