SBI, HDFC Bank raise FD rates for segments like seniors above 80

SBI and HDFC Bank have started 2024 by enhancing deposit rates. SBI offers super senior citizens new benefits while HDFC has revised bulk deposit rates. SBI also introduces goal-oriented products like 'Har Ghar Lakhpati' to assist customers in achieving savings targets, with both banks setting higher competitive rates. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n4Clq...

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Indian banks to undergo around 12.5% credit growth in 2024-25: HSBC

Indian banks are predicted to see a 12.5% credit growth by FY 2025, according to an HSBC report. Despite GDP slowdown risks and tight liquidity, the retail loan sector showed positive momentum in November 2024, driven by demand for personal, home, and gold loans, with an uptick in credit to MSMEs and corporates. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sZ5gA...

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Poverty below 5%, extreme poverty rates minimal in India: SBI research

India's poverty rates dropped significantly below 5% in 2024, as revealed by the State Bank of India's study. Both rural and urban poverty saw major reductions, with rural poverty at 4.86% and urban poverty at 4.09%. Further adjustments may occur following the completion of the 2021 census. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tegNz...

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Bank Holidays 2025: Are banks open on Saturday, January 4, 2025?

Banks in India will be closed on specific holidays in January 2025, which vary by region. Customers can use digital banking during these closures. Notable holidays include New Year's Day, Sri Guru Gobind Singh's Birthday, and Makar Sankranti. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2i5oa...

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Scamster Ketan Parekh back in Sebi net, banned from market

Sebi has uncovered a front-running scheme involving market operator Ketan Parekh and Singapore citizen Rohit Salgaocar. They, along with associates, manipulated trades of a foreign fund, amassing Rs 66 crore illegally. Sebi barred them and 20 other entities from the market, freezing their demat and bank accounts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UbH7f...

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Rupee to marginally depreciate against USD in CY25, outperform many of its peers: Report

The Indian rupee is expected to face slight depreciation in 2025 due to volatile FPI flows and a stronger US dollar, according to Bank of Baroda. Despite a decrease in 2024, the rupee was supported by strong forex reserves and RBI interventions. Equity markets are poised for growth driven by rural spending and government expenditure. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XZ5if...

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Gold prices: Will 2025 be a golden year for gold? Here’s why experts are bullish on the yellow metal

Gold price in 2025: Experts recommend maintaining gold in investment portfolios for 2025 due to its diversification benefits and potential for continued gains. Gold prices hit record highs in 2024 due to global political tensions, US interest rate changes, and central bank activities. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ge4gd...

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January 2025 Bank Holidays: On which days are banks closed? Check full list of state-wise bank holidays

Bank Holidays January 2025: The Reserve Bank of India (RBI) has published the list of state-specific bank holidays for January 2025. Key closures include New Year's Day, regional festivals like Loosong, Pongal, Makar Sankranti. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GyBYj...

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Economy slowdown seasonal, need private capex: SBI chief

SBI Chairman C S Setty aims to leverage technology for quality service, emphasizing digital growth despite the bank’s historic roots. The focus is on strengthening recruitment and adapting to market dynamics, with a significant emphasis on home and auto loans, as well as MSME sector performance and credit card regulations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Br3m9...

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Rs 2000 notes withdrawal: 98% of notes deposited, Rs 6,691 cr worth notes with public

As of December 31, 2024, 98.12% of the Rs 2,000 banknotes withdrawn by the Reserve Bank of India have been deposited back into the banking system. Only Rs 6,691 crore remain with the public out of Rs 3.56 lakh crore since demonetisation in May 2023. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Wpj3S...

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RBI to sell Rs 4.73 lakh crore government bonds in March quarter for states and UTs

The Reserve Bank of India plans to sell government bonds worth Rs 4.73 lakh crore to State Governments and Union territories in January-March 2025. The RBI aims to ensure non-disruptive auctions, considering market conditions, and will notify details of borrowings and participants prior to auctions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L0K6v...

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Gold prices in Delhi plunge as the year ends

Gold prices in Delhi fell below Rs 79,000 per 10 grams due to low stockist and retailer demand. Silver experienced a significant drop as well. Analysts cite geopolitical uncertainties, interest rate cuts, and robust demand from central banks and high-net-worth individuals as factors for the previous surge. Thin trading volumes during the holiday period have kept prices range-bound. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.t...

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'NPAs may go up by 2026, write-offs signal stress'

Indian banks' gross NPAs stood at a 12-year low of 2.6% in Sept 2024, but RBI's stress test warns it could rise to 3% by March 2026. Concerns include increasing write-offs by private banks and higher fresh NPAs in retail loans. The stress test also highlighted risks in microfinance and consumer credit segments, along with global tokenisation threats. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ETJpB...

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Comprehensive Guide: Full List of Bank Holidays in 2025 Across India

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/p98om...

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RBI flags high attrition in private banks

High attrition rates in private sector and small finance banks are a significant risk factor, causing operational disruptions and increased recruitment costs. The Reserve Bank of India highlights the importance of strategic measures, including improved onboarding, training, and competitive benefits, to retain talent and ensure stability within the banking sector. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4wozk...

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High employee attrition of 25 per cent in private banks pose operational risk: RBI Report

Employee attrition in private sector banks in India has increased to around 25%, posing significant operational risks, according to the RBI's 2023-24 banking report. The report highlights the need for banks to adopt strategic measures to reduce turnover and ensure effective loan policies, especially concerning gold loans. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7Fham...

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M-cap of six of top-10 most valued firms increased Rs 86,847.88 crore

Six leading firms among the top-10 most valued companies collectively gained Rs 86,847.88 crore in market value last week, with HDFC Bank and Reliance Industries leading the gains. The BSE and Nifty both saw modest increases. Meanwhile, four companies, including TCS and Infosys, faced declines in their market valuations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w7f4m...

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