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
1:10 AM
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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.
6:10 PM
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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.
4:10 PM
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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.
3:10 PM
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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.
5:10 AM
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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.
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