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  • Deposit

    Private banks report healthy deposit accretions, sluggish advances growth in Q3

    Representative image (Pixabay) Mumbai: Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter, even as they have struggled to grow their loan books, as per exchange filings by three lenders. Despite interest rates being the lowest in over a decade, the pandemic and the resultant economic impact has ensured that loan...

    • 7 days ago
  • Deposit

    ESIC scheme adds 9.33 lakh new members in November

    New Delhi: Around 9.33 lakh new members joined the ESIC-run social security scheme in November against 11.99 lakh in the previous month. The latest data is part of a report released by the National Statistical Office (NSO). Gross new enrolments with the Employees' State Insurance Corporation (ESIC) were 8.87 lakh in June, 4.89 lakh in May and 2.63 lakh in April, showing the increase in...

    • 7 days ago
  • Deposit

    Indians not saving, not planning for retirement: Money9 survey

    1/13 66% of the respondents have not availed a home loan 2/13 58% of the respondents do not intend to buy a house this year 3/13 70% of the respondents have not availed a car/two-wheeler loan 4/13 More than half of the respondents do not plan to buy a car or two-wheeler this year 5/13 Almost two out of every 5 people (37%) intend to buy a laptop this year. Mobile phone is the second...

    • 7 days ago
  • Deposit

    RBI keeps rates unchanged, allows retail investors to open gilt accounts

    RBI maintained status quo on the repo and reverse repo rate, and also promised an accommodative stance as long as necessary to revive growth in its bi-monthly meeting of the current financial year. The regulator will also reverse the CRR (Cash Reserve Ratio) cut from the current 3% to 4% in two phases. Effective March 27 the CRR will rise to 3.5% and normalise to 4% w.e.f...

    • 7 days ago

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