Banking News Update

Saturday, July 20, 2024

Yes Bank Q1 net profit surges 46.7% on lower provisions

8:10 PM

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RBL Bank Q1 net profit grows 29% to Rs 372 crore

7:10 PM

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Kotak Mahindra Bank increases customer base, customer assets by 20% YoY

6:10 PM

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Savings are shifting from bank FDs to MFs: RBI guv

6:10 AM

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Wednesday, July 17, 2024

Up to 7.30% interest rate: SBI, Bank of Baroda, Indian Overseas Bank offer special FD plans with higher deposit rates

3:10 PM

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Indian banks like SBI, Bank of Baroda are offered special 7.25%-7.3% interest rates on 399-444 day deposits to attract savers. Senior citizens get 50 basis points extra.

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Dow soars to fresh record high, small caps surge on rate cut bets

8:10 AM

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The records were driven partly by outsized gains for Bank of America and Dow member UnitedHealth Group following earnings reports, as well as an ongoing rotation of funds towards smaller companies that have underperformed in 2024 but are expected to be boosted by Federal Reserve interest rate cuts. Economically sensitive small caps extended their rally.

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