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  • Trending

    Non-food bank credit grows 5.9% in June: RBI data

    Non-food bank credit growth stood at 5.9% in June compared to 6% in the year-ago period, according to RBI data released on Friday. Credit to agriculture and allied activities continued to perform well, registering an accelerated growth of 11.4% in the reporting month compared to 2.4% in the same month of the previous year, as per RBI data on Sectoral Deployment of Bank Credit - June 2021....

    • 4 hrs ago
  • Banking

    Bandhan Bank Q1 profit falls 32% at Rs 373 crore

    Bandhan Bank on Friday reported 32% decline in net profit at Rs 373.10 crore for June quarter 2021-22 as provisions for bad loans spiked. The bank had posted a net profit of Rs 549.80 crore in the same quarter a year ago. Total income, however, was up 20.4% at Rs 2,647.50 crore in the quarter as against Rs 2,198.30 crore in the year-ago period, the bank said in a regulatory filing. Its gross...

    • 6 hrs ago
  • Banking

    Cardless cash withdrawals now possible with HDFC Bank; Know details

    The first step towards cardless cash withdrawal is to add a beneficiary to your account. For first time users, a beneficiary needs to be registered. There is good news for HDFC Bank customers. The bank has now enabled a new facility that will allow people to withdraw cash from ATMs without debit cards. With the 'Cardless Cash Withdrawal' service, the bank has broken...

    • 6 hrs ago
  • Trending

    This SBI account allows withdrawal from term deposit without penalty

    Besides nomination facility, auto sweep facility is also there with MOD accounts. A fixed deposit that offers withdrawal without penalty seems to be a contradiction in terms but State Bank of India offers this conflicting combination in a special multi-option deposit account. It is the only major bank offering such a facility - withdrawal of money in multiples of Rs 1,000 from...

    • 11 hrs ago
  • Banking

    DICGC Act: Check who would get the benefit

    Any customer is eligible to recover up to Rs 5 lakh deposits within 90 days of a bank being placed under a moratorium. On Wednesday union cabinet has approved the modification to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act. According to this act, any depositor of any commercial or any banks or financial institutions that fall under a specific category is eligible to get this...

    • 14 hrs ago
  • Trending

    Top 9 banks with best interest rates on Rs 75 lakh and above home loan

    You may need a higher amount of margin money if you are applying for high-value loan People are moving to bigger houses. The work-from-home and study-from-home phenomenon has triggered the trend. If you are among people hunting for bigger places and in need of high-value home loan (above Rs 75 lakh), we have collated a list of nine banks with lowest home loan interest rates....

    • 14 hrs ago
  • Trending

    Retail NPAs of top banks pile up owing to slippages in loan collection

    Retail and business banking gross NPA additions included Rs 961 crores from the kisan credit card portfolio and Rs 1,130 crore from the jewel loan portfolio. Top banks like ICICI, Axis, and IndusInd have reported, that a bulk of their loans were classified as Non Performing Assets (NPA) in the retail category. Due to the second wave of the Covid-19 pandemic in April-May, many...

    • yesterday
  • Trending

    Here's what you should know about education loans

    1/12 Education is an expensive commodity that needs good planning. Saving for kids' higher education, thus, tops the chart for most parents when it comes to financial planning. 2/12 However, sometimes parents aren't able to save a corpus huge enough to cover the rising cost of higher studies. Especially if the kid wants to study abroad. 3/12 A masters degree from a premier...

    • yesterday
  • Banking

    Tax-saving fixed deposits. Is it worth investing in it anymore?

    For investors seeking a minimal risk instrument, tax-saving fixed deposits (FDs) continues to be preferred choice. While interest rates are in the range of 5% - 5.5% by leading banks, it is worth noting that interest income earned on these deposits will be subjected to tax, and TDS will be applicable. "For individuals with higher personal tax rates, effective post-tax returns...

    • yesterday
  • Trending

    1-year FD for senior citizens: Small finance banks offer more than 7%

    All other PSBs and private players offer interest rates between 5% and 5.6%. Representative Image (Creative Commons) Senior citizens are always looking for safe and secure investment instruments that offer a relatively high return. But except senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) no other debt instruments is there which gives more than 7% return....

    • yesterday

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