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1-10 results from 1000 for query «deposits»

13 November, 2018 11:26 AM What SBI, HDFC Bank, ICICI Bank, IDBI Bank Pay On Fixed Deposits

Fixed deposits (FDs), which offer guaranteed returns on investments, are meant for investors looking for assured interests. FDs are fixed-income instruments, the returns on which are determined at the time of initiating the deposit. The annual returns on fixed deposit investments are fixed even amid market fluctuations and geopolitical uncertainties 141

8 November, 2018 10:37 AM Arun Jaitley justifies Demonetisation, says shake-up required to make India move to digital transactions

New Delhi: On the second anniversary of Demonetisation, Finance Minister Arun Jaitley dismissed the “ill-informed criticism” of the note ban. Refusing claims that almost the entire cash money got deposited in the banks, Jaitley in a Facebook post wrote that confiscation of currency was not an objective of Demonetisation. “Getting it into the formal economy 65

8 November, 2018 5:07 AM Bhai Dooj 2018: Why You Should Gift Your Sister A Sukanya Samriddhi Account

Bhai Dooj, Diwali gift: The government last month increased interest rates on Sukanya Samriddhi Scheme to 8.5% per annum from 8.1%. Amid the ongoing fervor of Diwali and Bhai Dooj, if you're planning a gift for your daughter or younger sister, a Sukanya Samriddhi account could be one of the best options, say experts. The Sukanya Samriddhi Yojana, launched 60

6 November, 2018 2:43 PM HDFC Bank hikes deposit rates by up to 0.5%

Signalling tightening of rates, HDFC Bank raised interest rates on deposits by up to 0.5 percent for various tenors. In a statement, HDFC Bank said the new rate interest rate on deposits below Rs 1 crore for various tenors will come into effect from November 5. The rate on deposits with tenor of 5-8 years and 8-10 years has been increased to 6.5 per cent from 6 per cent. The rate has been hiked 60

6 November, 2018 1:28 PM Here's How Much Minimum Balance You Need To Maintain In Your Bank Account

Average Monthly Balance (AMB) is the minimum average of deposits required by the bank customers in their savings bank accounts. State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), among other leading banks of the country have fixed their average monthly balance (AMB) requirements according to the location of a customer's savings 72

2 November, 2018 12:37 PM City Union Bank witnesses increase in PAT by 16%

Private sector City Union Bank said its profit after tax (PAT) rose to Rs 167.99 crore during the second quarter of this financial year as against Rs 144.74 crore during the corresponding period last year, an increase of 16 percent. For the half-year ending March 31, PAT was Rs 329.64 crore (Rs 285.07 crore), said the bank in a filing on the BSE. The total 63

31 October, 2018 1:45 PM The key bone of contention between govt and RBI – money

There are several contentious issues underlying the tussle between the government and the Reserve Bank of India. Here’s a short explainer around the issues involved. There are several contentious issues underlying the tussle between the government and the Reserve Bank of India. The government wants the central bank to relax rules for weak banks, to dilute 81

28 October, 2018 10:15 AM This Bank Offers Up To 8.5% Interest On Fixed Deposit Account

Fixed deposits (FDs) are secure financial instruments, which offer guaranteed returns. In a fixed deposit account, money is deposited for a specific time, which varies from seven days to 10 years. Besides, fixed deposit offer higher interest rates than savings accounts. Normal savings accounts offer interest rates between 3-4 per cent usually. Fixed 57

26 October, 2018 2:31 PM In Surat Diamond Merchant's Diwali Giveaway, A Role For PM Modi

Savji Dholakia, a diamond merchant in Gujarat's Surat, handed over hundreds of cars as gifts to his employees yesterday. Prime Minister Narendra Modi addressed the gift-distribution. Six hundred employees of Hari Krishna Exporters, a diamond trading company run by Savji Dholakia, received cars made by Maruti Suzuki, while around a thousand more staff 107

22 October, 2018 11:16 AM Buy HDFC Bank; target of Rs 2284: Nalanda Securities

Deposits grew 3.4% QoQ to 8333.6bn driven by CA growth of 5.3% QoQ at 1151.3bn, SA growth of 3.5% QoQ at 2345.7bn and term deposit growth of 2.9% QoQ at 4836.7bn. CASA ratio improved from 41.7% in Q1FY19 to 42% in current quarter. Stock is trading at FY20E P/ABV of 3.9x, we assign strong buy rating and value stock at P/ABV of 4.5x implying an upside 49