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  • These Banks Offer Up To 7% Interest On Savings Bank Accounts
    Small finance banks may be niche banks, catering to a small section of customers, but the interest rates that they offer on savings bank accounts are much higher than larger peers. Consider this: large banks like State Bank of India (SBI), HDFC Bank and ICICI Bank offer between 3.5 per cent and 4 per cent on savings account deposits. But small finance banks like Jana Small Finance Bank, ESAF Small Finance Bank and North East Small Finance Bank offer up to 7 per cent on savings account deposits.
  • Rupee Jumps By 50 Paise To Close At 72.50 Against Dollar: 10 Things To Know
    The rupee appreciated by 50 paise against the dollar to close at 72.50 on Friday. Selling of dollars by exporters supported the rupee, say analysts. The dollar, which had weakened following the US midterm election results, staged a recovery after the Federal Reserve kept interest rates unchanged but indicated a hike next month. Meanwhile, crude oil prices continued their downward move for 10 straight days to hit a seven-month low. With Friday's gain of 0.7 per cent, the rupee reversed most of the losses registered during the holiday-shortened week.
  • Bank Loans Rose 14.6% In Two Weeks To October 26: RBI
    Non-food credit rose Rs 31,230 crore to Rs 89.79 crore, while food credit rose Rs 9,510 crore to Rs 55,030 crore.
  • Crude Oil Dips Below $70 Per Barrel Mark For First Time Since April
    US light crude fell to an eight-month low below $60 a barrel, hitting a trough of $59.78, down 89 cents and off more than 20% since early October.
  • Cooking Gas Price Hiked For Second Time This Month
    Domestic cooking gas LPG prices have been hiked by over Rs 2 per cylinder after the government increased the commission paid to LPG dealers.

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