Credit offtake from banks grew by 20. 3 per cent to over Rs 41 lakh crore during the one-year period ended August 12 2011 suggesting an upswing after
Public sector Indian Overseas Bank has revised the interest rates for its domestic and NRO (Non-Resident Ordinary) term deposits with immediate effect. According to a bank statement, rates for deposits
Private sector Dhanlaxmi Bank today increased interest rates on select term deposits by up to 0. 50 per cent with effect from June 6
Credit offtake from public and private banks grew by over 21. 5 per cent in the one-year period ended March 25 indicating an upswing in the industrial activity
The growth of aggregate deposits in Indian banks registered a slower growth in the first quarter of this fiscal at 14.5 per cent, much below the government target of
Indian Bank is planning to embark on a drive to increase its low-cost deposits to bring down its overall cost of deposits. “We plan to increase our share of current
With some mutual fund houses pitching capital protection-oriented schemes as a viable alternative to bank fixed deposits (FDs), investors must keep in mind that these funds unlike FDs try to
Non-banking financial companies (NBFCs) continue to shun public deposits and instead are relying more on bank finance, the economic survey has said.“Continuing the trend of the previous year, public
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