A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Gold prices on MCX remained steady as investors awaited US inflation data and the Federal Reserve's upcoming interest rate decision. Bullion has gained 12% this year, supported by Fed rate cut expectations, safe-haven demand, and purchases by central banks.
3:10 PM
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State Bank of India board has approved raising up to $3 billion in debt for the current fiscal year. The government-run bank will secure the funds in one or more installments via a public offering or a private placement of senior unsecured notes.
8:10 AM
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State Bank of India and public sector lenders are seeking government approval to offer incentives for deposits, aiming to address the impact on credit flow. Suggestions include reducing the lock-in period for tax-saving fixed deposits to three years, as investors prefer equities and mutual funds with better returns.
3:10 PM
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India gold reserves: Shaktikanta Das, the governor of the Reserve Bank of India, has now explained the rationale behind the decision to bring 100 tonnes of gold back to the country.
1:10 PM
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HDFC Bank has revised fixed deposit tenures and interest rates below Rs 2 crore, effective June 10, 2024. The peak interest rate of 7.25% is applicable to deposits with tenures between 18 months and less than 21 months.
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