A Fixed Deposit (FD) is a savings product offered by banks and financial institutions where an individual deposits a lump sum ...

The repo rate is the interest rate at which the RBI lends money to banks. When the central bank lowers this rate, banks can ...

Several government and private banks in India have increased their fixed deposit interest rates ahead of the RBI's monetary ...

The highest interest rate offered on deposits for a one-year period is 7.75% by Yes Bank, while Bank of Baroda and Canara ...

The Reserve Bank of India (RBI) is likely to take a call on repo rate reduction at the Monetary Policy Committee (MPC) ...

Ahead of the RBI MPC meeting outcome announcement, which is scheduled for February 7th, major banks across India have already ...

The Union Budget 2025 proposes raising the TDS threshold, offering additional financial relief to small taxpayers and senior ...

Among private sector banks, lenders such as ICICI Bank, Axis Bank and Kotak Mahindra Bank have reported an 18 bps, 8 bps and 29 bps dip in margins, respectively, over the past one year.

With banks expected to lower FD rates in response to cheaper borrowing costs, returns on deposits could shrink in the coming ...

Banks are expected to gain from the income tax incentives announced in the Budget, as the resultant rise in disposable income ...