bank deposits

BANK DEPOSITS NEWS

Income tax, TDS relief in Budget could bump up bank deposits by up to Rs 45,000 crore, says financial services secy

February 04, 2025 10:07 pm

These measures are bound to leave more money in the hands of people, which they may spend, invest, or save.

Bank officials wielding meghaphones tout for deposits on streets

November 03, 2022 4:40 pm

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%, data provided by the Reserve Bank of India shows. However, the deposit collection has failed to keep pace and is still staying close to its five-year average of 9.4%, pushing bankers to look for ways to lure deposits.

Should bank deposits be looked at after RBI's latest interest hike?

May 23, 2022 5:47 pm

Those customers who would require funds in the foreseen future or those who want an emergency fund may consider parking their money in bank deposits.

Bank deposits rise 14.8%, credit growth at 13.8%

May 19, 2014 2:38 am

Demand deposits rose 16.04 per cent year-on-year to Rs 7,48,231 crore.

MPs prefer bank deposits, gold, even lending but no mutual funds

April 14, 2014 3:14 am

BJP’s prime ministerial nominee keeps a large chunk (almost 90 per cent) of his movable assets in the bank.

Indian banks make most of RBI's FCNR deposit scheme,HDFC Bank emerges biggest player

December 09, 2013 12:57 am

ICICI Bank emerged as second biggest player,mobilising deposits close to $2 bn under the scheme.

Bank credit grows by 7.4%; deposits up 9.5%

December 07, 2013 2:46 am

Banks added Rs 3,84,090 crore on the non-food credit front since April 1.

Bank of Baroda raises fixed deposit rates by up to 0.50 pct

September 30, 2013 7:37 pm

Term deposit 1,111 days,would also earn higher interest rate of 9.05 pct from existing 8.90 pct.

Costlier lending likely,say banks

September 21, 2013 3:42 am

Banks could raise their lending rates following RBI's monetary policy announcement on Friday as tight liquidity could increase cost of funds

Get a fix on bank deposits

May 03, 2013 2:15 am

Depositors will closely watch today's credit policy by the Reserve Bank of India.

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