Are you planning to invest in fixed deposits, but wondering which bank offers the best interest rate? While many banks have recently lowered their FD rates following the Reserve Bank of India’s repo rate cut, several public, private, and small finance banks are still offering highly competitive returns, especially on special 444-day deposit schemes. Some […]
NEW DELHI: The Department of Financial Services (DFS) under the Ministry of Finance has refuted media reports claiming it instructed banks to shut dormant Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts. In an official statement issued on July 8, the ministry clarified that no such directive has been given and that the reports are “factually incorrect.”“In […]
‘Bharat Bandh’, seeks to challenge governmental policies that unions characterise as favouring corporations. Bharat Bandh on July 9, 2025: A countrywide strike is scheduled for Wednesday, July 9, 2025, organised by a coalition of 10 central trade unions in conjunction with agricultural and rural labour organisations. The demonstration, being called a ‘Bharat Bandh’, seeks to […]
The IT integration of recently amalgamated Regional Rural Banks (RRBs) under the ‘One State One RRB’ framework is likely to be completed by September 30, Nabard Chairman Shaji KV said on Monday.Speaking at a CII event, Shaji said the RRB amalgamation exercise, which took effect on May 1, aimed at enhancing scale efficiency and cost […]
The schedule for bank holidays in July 2025 includes regional holidays. Bank Holiday for Muharram 2025: Confusion prevailed among the public regarding banking services on Monday, July 7, 2025, as people were unsure about the Muharram holiday. The uncertainty stemmed from the traditional practice of moon sighting, which determines the precise date of this significant […]
MUMBAI: The banking sector saw a slowdown in the June quarter, with muted credit growth and uneven deposit performance, following a strong March-end push. HDFC Bank, the largest private lender, reported a 5.1% sequential rise in average deposits and a 0.4% increase in gross advances, joining some public sector banks in bucking the broader trend.The […]
This is an AI-generayed image, used for representational puposes only. Public sector banks (PSBs) are set to recruit around 50,000 personnel in the ongoing financial year, with nearly 21,000 officer-level appointments, as lenders look to expand operations and boost customer services. The bulk of the recruitment drive will be led by the State Bank of […]
There are 12 small savings schemes at present, including savings accounts | Photo Credit: FRANCIS MASCARENHAS Interest rates on small savings schemes, including the Public Provident Fund and Sukanya Samriddhi Scheme, will remain unchanged for the 7th successive quarter starting July 1, according to a Finance Ministry office memorandum issued on Tuesday. While no official […]
Business Wire India Among the markets surveyed, India had the highest number of executives (68%) who believe that treasury and finance teams will be integral to new era of globalisation 72% of Indian businesses will prioritise diversification in the next two years A comprehensive, global study entitled ‘Pivotal: How treasury and finance enable a new era […]
IndusInd Bank has submitted three names — Rajiv Anand, Rahul Shukla, and Anup Saha — to the Reserve Bank of India (RBI) for the position of managing director and CEO, with the board recommending Anand as its top choice, Reuters reported citing two sources.The shortlist comes after the resignation of former CEO Sumant Kathpalia and […]
