The Reserve Bank of India has cut the repo rate by 25 basis points to 6.25 percent. A repo rate cut benefits borrowers but ...

The decrease in deposit rates results in diminished returns for fixed deposit (FD) investors, particularly senior citizens ...

Investors should note the recent 25 basis points rate cut by the RBI signals a departure from the high-interest rate ...

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

Budget 2025-26 proposes tax changes to boost bank deposits by ₹40,000-45,000 crore, improving liquidity and credit growth.

Budget proposals could help banks mobilize an additional ₹45,000 crore in deposits in 2025-26, boosting liquidity and credit ...

Corporates may prefer to borrow private credit, and not from banks or bond markets, when the next private capex cycle kicks ...

The enhanced TDS thresholds on senior citizen deposits will come into effect from the Financial Year 2025-26, starting from ...

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

M Nagaraju, Secretary of the Department of Financial Services, said the Budget move is expected to bring an additional ...