7:10 PM
Blogger
In May 2024, various banks adjusted their FD interest rates, providing opportunities for investors. Utkarsh SFB, City Union Bank, RBL Bank, Capital SFB revised their rates, offering different percentages for different customer categories and tenures.
4:10 PM
Blogger
HDFC Bank's MCLR, ranging from 8.95% to 9.35% on May 7, 2024, sets the minimum interest rate for loans. Prime Lending Rate and base rate act as benchmarks. Home loan rates linked to External Benchmark Lending Rate post-merger."}
1:10 PM
Blogger
Akshaya Tritiya on May 10, 2024, leads to bank closures. Karnataka observes Basava Jayanti. RBI schedules 14 May holidays, covering various events across states like Srinagar, Sikkim, and more.
3:10 AM
Blogger
SBI's profit is also the highest reported by any entity in this quarter. Reliance Industries posted a net profit of Rs 18,951 crore in Q4, while HDFC Bank, which was previously the most profitable lender, reported a profit of Rs 16,512 crore in the same period. SBI's FY24 net profit stood at Rs 61,077 crore - a growth of 22% over the previous year - after accounting for wage settlement and a one-time exceptional item of Rs 7,100 crore.
4:10 PM
Blogger
State Bank of India (SBI) reported a standalone net profit of Rs 20,698 crore for the quarter ended March 31, 2024, exceeding street estimates.
3:10 PM
Blogger
State-owned Punjab National Bank (PNB) on Thursday posted a nearly three-fold increase in net profit to Rs 3,010 crore for the fourth quarter ended March 2024, aided by improvement in core income and decline in bad loans.
9:10 AM
Blogger
Supreme Court has ruled that the interest-free or concessional loans given by banks to employees are taxable fringe benefits. The Supreme Court has ruled that using the SBI interest rate as the benchmark is not an arbitrary or unequal exercise of power as the rule-making authority has not treated unequal as equals.
6:10 AM
Blogger
7:10 PM
Blogger
The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, allowing the bank to onboard new customers through the application.
4:10 PM
Blogger
London's FTSE on Wednesday 100 stock index soared to unprecedented levels, buoyed by AstraZeneca's strong performance. The pharmaceutical company's global decision to halt its COVID-19 vaccine distribution drove market optimism. Meanwhile, investors eagerly anticipated the Bank of England's announcement on interest rates. By 07:07 GMT, the blue-chip FTSE 100 edged up 0.4% at 8,345.31 to climb another all-time peak.
2:10 PM
Blogger
RBL Bank updated FD interest rates below Rs 2 crore, effective May 1, 2024. Top rate is 8.75% for super seniors. Different rates for different deposit periods. No penalty for senior citizens on early withdrawal.
4:10 PM
Blogger
Gold and silver prices on MCX are stable, supported by weakening US dollar. Gold June futures at Rs 71,350/10g, MCX July silver contracts at Rs 82,883/kg. Central banks continue to purchase gold, while India's gold demand rises.
5:10 PM
Blogger
Bank holiday on May 7 for 2024 Lok Sabha Election Phase 3 affects various cities. Plan transactions accordingly to avoid inconvenience during this and other upcoming holidays in May 2024.
2:10 PM
Blogger
Paytm's parent company, One 97 Communications, faced share decline following the COO's resignation. Management changes include new CEOs for Paytm Payments Bank Limited and Paytm Money amidst regulatory challenges and competitive pressures.
6:10 AM
Blogger
RSS Feed
Twitter
