SpiceJet seeks extension of time to deposit ₹50 crore in KAL Airways dispute; Delhi HC declines to interfere at this stageThe Delhi High Court declined to issue an interim order regarding SpiceJet's delayed payment. SpiceJet sought more time to deposit the firs...
Short-term rates ease as banks see surge in dollar depositsLarge banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boost...
Numbers Boost: FCNR-B inflows help banks cut expensive bulk depositsIndian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs a...
Banks are in good shape, but ...Banks and NBFCs face different market risk assessments. Credit growth outpaces deposit growth, widening the loan-to-deposit ratio. This tre...
Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha pollsThe Delhi Lakshmi Yojana's recurring deposit matures on July 31, 2029. Eligible women receive Rs 2,500 monthly, with Rs 1,500 in RD and Rs ...
At $729 billion, India's forex kitty a recordIndia's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a speci...
FD rate up to 8.5% for senior citizens investing for five years; know the list of banksFor senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with...
Bank credit, deposits decline in fortnight ended August 15: RBI dataBanking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not renewing bulk deposits, opting for fo...
Rupee gains this week as dollar supply surges ahead of deposit window's closeThe Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposi...
India Ratings revises FY27 bank credit growth upward to 15%; provisioning for expected loss may hit profitIndia Ratings forecasts bank credit growth at fifteen percent for fiscal year twenty twenty-seven. Lenders will face profitability challeng...
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lagPublic sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private...
NRI deposit inflows dip 23%; FCNR draws 124% moreNon-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experi...
How can fixed deposits help manage short-term and long-term financial goals?Fixed deposits provide a reliable mechanism for achieving your financial objectives, combining predictable returns with versatile tenures. ...
RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
Full flow FCNR deposits could hit $100 billion, beat estimatesStrong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects...
Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surgeCitigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allo...
India raises $72.8 billion via overseas deposits, loans, central bank saysIndian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians a...