INDUSIND BANK DEPOSITORS
Tax-saving FD interest rate up to 8%: Check banks offering highest interest rate to senior citizens on tax-saving FDs
Tax-saving FDs provide tax deductions under Section 80C with a five-year lock-in period. These deposits offer stable returns and additional interest for senior citizens. While the principal amount is tax-deductible, the interest earned is taxable. Here are banks offering 7.50% and above on tax saving FDs for senior citizen
Post correction, Zomato, Swiggy, PB Fintech, Paytm are worth nibbling into: Pashupati Advani
Pashupati Advani highlights the potential in new-age tech stocks such as Zomato, Swiggy, and Paytm after recent corrections. He also suggests considering traditional industries like infrastructure, steel, and cement supported by government spending. Defence companies are recommended due to global tensions. He advises caution with IT stocks due to uncertainties in US policies and AI advancements.
What's behind the fiasco at IndusInd Bank?
The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivatives must be marked to market (MTM), which requires valuing assets and liabilities according to prevailing market price.
Absence of concurrent external audit a big gap at IndusInd Bank
The lack of an external concurrent audit on IndusInd Bank's MTM derivative losses has exposed a significant vulnerability in internal processes. This deficiency has led to a ?1,600 crore loss and raised concerns about the robustness of the bank's risk management systems and depositor confidence.
IndusInd Bank depositors! Here's RBI's opinion on the bank's financial state
The Reserve Bank of India has assured depositors of IndusInd Bank of its strong financial health and stability despite concerns about financial discrepancies. The bank is well-capitalized and maintains a high liquidity coverage ratio. An external audit is underway to rectify any issues.
IndusInd Bank shares surge nearly 6% after RBI’s reassurance to depositors
IndusInd Bank share price: IndusInd Bank shares spiked nearly 6% after the RBI confirmed the bank's solid financial position, including a CAR of 16.46% and an LCR of 113%. The bank is addressing accounting discrepancies in its derivatives portfolio, with remedial actions to be completed this quarter.
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NBFCs and Private Banks set to outperform, stay invested: Rahul Shah
If you look at the biggest gainer, the crude prices which has cooled off and inflation below sub-4, RBI's interventions what we have seen, so all these things are just getting a base for our markets to move up and as I said, it will be a stock pickers and the stock specific rather than the entire market selling into it.
Sensex climbs 500 pts tracking gains in banking stocks, Asian peers; Nifty above 22,500
On Monday, Indian benchmark indices Sensex and Nifty started the day on a positive note, fueled by gains in banking, financial, and auto stocks, following favorable signals from Asian markets after China introduced new measures to stimulate consumption.
IndusInd Bank stable, be wary of 'speculative reports,' says RBI
Reserve Bank of India has reassured the financial stability of IndusInd Bank, citing its solid capital adequacy and liquidity cover ratios. Despite recent discrepancies in derivatives accounting and a significant expected balance sheet impact, an external audit review is underway with results anticipated by the end of this month.
RBI reassures depositors, states IndusInd Bank's financial health remains stable
The Reserve Bank of India reassured depositors that IndusInd Bank remains well-capitalized and financially stable. The bank's Capital Adequacy Ratio stood at 16.46%, and its Liquidity Coverage Ratio was 113%, exceeding regulatory requirements. Recent accounting discrepancies are being addressed, with external audits and corrective actions underway. Depositors were urged to ignore speculative reports.
IndusInd issue puts the spotlight on India's banking sector
IndusInd Bank discovered discrepancies in account balances related to currency derivatives. This prompted an internal review and raised concerns about other banks having similar issues. The RBI is investigating. Despite improvements in asset quality and profitability, concerns remain over unsecured retail loans, slow deposit growth, and rising micro-lending stress.
NSC vs bank FDs: Which is a better tax saving option?
NSC and tax-saving FDs both offer tax benefits and assured returns with a 5-year lock-in. NSC provides higher interest rates and tax advantages on reinvested interest.
Senior citizen FDs vs Senior Citizen Savings Scheme: Check which one offers higher interest rate for senior citizens
Bank fixed deposits (FDs) and the Senior Citizen Savings Scheme (SCSS) are popular investment options for senior citizens seeking risk-free returns. SCSS offers an 8.2% interest rate, while various bank FDs provide interest rates ranging from 7% to 8% for senior citizens, depending on the bank and tenure.
Budget 2025 hikes TDS limit for senior citizens: Here is a list of banks offering highest rates on 1-year FDs for senior citizens
The Union Budget 2025 proposes raising the TDS threshold, offering additional financial relief to small taxpayers and senior citizens, who depend on fixed deposit plans for assured profits. Here are banks offering the best rates for senior citizens on 1-year FDs
FD interest rate up to 8%: Check which bank is offering the highest rate on 3-year fixed deposits
FD interest rate up to 8%: Bank customers should compare the interest rates offered by different banks for the desired tenure. Here is a table comparing interest rates offered by different banks for a 3-year tenure across private sector banks, public sector banks, and foreign banks.
This women savings scheme offers higher interest rate than 2-year bank FD and ends on March 31, 2025
Mahila Samman Savings Scheme: As per the budget announcement, the scheme is a one-time small savings scheme for women and girls to encourage them to save and invest. Currently this scheme is offering higher interest rate than 2-year interest rate of bank FDs.
FD interest rate of up to 8.55%: Check which bank is offering higher interest rate on 1-year senior citizen FD, full list
Senior citizen FD rates: Even small differences in interest rates can significantly impact your overall earnings, especially for long-term FDs. This list highlights banks offering the best one-year FD interest rates for senior citizens.
FD interest rate up to 7.55%: Check banks offering best rates on 3-year fixed deposit; full list
For novice investors, fixed deposits can be a great instrument since they provide security, consistency, and steady returns. Before investing in fixed deposits, don't forget to compare interest rates, do extensive research, and assess the terms and circumstances.
Tax-saving FD: 5 banks offering above 7.50% to senior citizens; check details
Many banks offer higher interest rates to senior citizens, even on tax-saving fixed deposits. Here is a comparison of banks that offer the best interest rates on tax-saving FDs.
PMC Bank depositors seek views of RBI ex-Guv Urjit Patel, his deputy Viral Acharya
PMC depositors have sought the views of RBI ex-Guv Urjit Patel and his deputy Viral Acharya on several issues, including monetisation of the attached assets and merger with large private banks.
Assorted Indian banks at Rs 151.2 per share; any takers?
It is not just the state-run banks are at their nadir, the state of private lenders is no different.
Depositors chase higher rates, prefer small-finance banks over big banks
Fincare Small Finance Bank has seen deposits grow nearly 50% as compared to March 2019 and 13% over December 2019. In actual terms, Fincare clocked deposits worth ?4,606 crore at the end of March 2020. The figure was at ?4,076 crore at the end of December and ?2,043 crore at the end of March 2019. And 77% of its deposits are retail.
Bandhan steps out to reassure Street after Ambit thumbs down
Deposits and advances climbed 4% and 10%, respectively, between January and March.
Kotak bucks trend records deposit inflow
The bank recorded an overall CASA growth of 19.6% at the end of March 2020 with total deposits at Rs 2.58 lakh crore. On an annual basis it’s savings deposits grew 31.3% while current deposits grew 10.5%. Its CASA ratio stood at 56.2%. It had recently cut savings interest rate upto Rs 1 lakh to 4% and above Rs 1 lakh to 5%.
Agenda for small private banks: Bridge the trust deficit
Their faith shaken and fears stirred up by the Yes Bank curbs and PMC’s sudden failure, savers are withdrawing deposits in a ‘safety-first’ approach. So, smaller lenders are now under notice to rebuild their business models around sound risk assessment and better communication.
Yes Bank continues to roil other private lenders, IndusInd latest
Lenders are communicating to their customers about their strong capital positions but to no avail.
IndusInd Bank net profit rises 26.49% to Rs 836.55 crore in Q1
The bank had posted standalone net profit after taxes of Rs 661.38 crore in the year-ago period, IndusInd Bank said.
IndusInd Bank Q1 net profit jumps 27% to Rs 836.5 crore
The lender had reported a net profit of Rs 661 crore in corresponding quarter of FY17.
IndusInd offers 10 pc interest rate on 400 days deposit
IndusInd Bank on Friday announced an attractive rate of interest of 10 per cent per annum for a period of 400 days on domestic term deposits with effect from July 3.
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