Bank Deposits

Banks' Loans Rose 5.7% In Two Weeks To November 6: Reserve Bank Of India

Business | Reuters | Friday November 20, 2020

Non-food credit rose Rs 49,110 crore to Rs 103.21 lakh crore, while food credit rose Rs 16,972 crore to Rs 83,631 crore.

Investors Switch To Bank Deposits Amid Concerns Over Debt Mutual Funds After Templeton Mess

Business | Reuters | Wednesday April 29, 2020

As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.

Capital-Hungry Yes Bank Has Another Pain Point

Business | Suvashree Ghosh and Anto Antony, Bloomberg | Wednesday February 12, 2020

Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from customers during that period

Finance Ministry Working On Deposit Insurance Bill, Says Nirmala Sitharaman

Business | Press Trust of India | Friday February 7, 2020

The FRDI Bill seeks to offer a bail-in clause to banks, which many fear will be detrimental to depositors.

Financial Services Department Approves Raising Deposit Insurance To Rs 5 Lakh

Business | Press Trust of India | Tuesday February 4, 2020

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and Credit Guarantee Corporation (DICGC) if a bank fails.

Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh

Business | Edited by Peter Noronha | Saturday February 1, 2020

Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.

Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh

India News | Edited by Sandeep Singh (with inputs from agencies) | Saturday February 1, 2020

According to the RBI rules, in case of a bank failure each of its depositors is insured up to a maximum of Rs 1 lakh for both principal and interest amount.

Government Considers Raising Insurance Cover On Bank Deposits

Business | Edited By Anshul (With inputs from agencies) | Saturday November 16, 2019

The government is considering proposals on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks, Finance Minister Nirmala Sitharaman said on Friday. The new legislations in this regard will be brought during the winter session of Parliament starting Monday, she added. At present, bank depo...

SBI Offers Repo-Linked Home Loan Starting At 8.05% Interest Rate

Business | Edited by Abhishek Jejani | Wednesday August 21, 2019

SBI had earlier linked its savings bank deposits and short-term loans to the repo rate, becoming the first Indian bank to do so.

Banks' Loans Rise 12% In Fortnight To July 5: RBI

Business | Thomson Reuters | Friday July 19, 2019

Bank deposits rose Rs 1.82 lakh crore to 126.75 lakh crore in the two weeks ended July 5

Deposits In Jan Dhan Accounts Crosses Rs 1 Lakh Crore: Finance Ministry

India News | Press Trust of India | Wednesday July 10, 2019

Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark.

In VVIP Chopper Case, Assets Of Gautam Khaitan's Wife Attached

India News | Press Trust of India | Wednesday July 3, 2019

The Enforcement Directorate on Wednesday said it has attached Rs 7.49 lakh worth of bank deposits of VVIP choppers deal scam accused Gautam Khaitan's wife as part of a probe into a money laundering case against the couple.

Singapore High Court Orders Freezing Bank Account Of Nirav Modi's Sister

India News | Press Trust of India | Tuesday July 2, 2019

The Singapore High Court has ordered freezing of bank deposits worth Rs 44.41 crore kept in that country by PNB fraud accused Nirav Modi's sister and brother-in-law as part of a money laundering probe in India, the Enforcement Directorate or ED said Tuesday.

209 Crore Assets Seized, Karnataka Minister Summoned In IMA Jewels Scam

India News | Press Trust of India | Friday June 28, 2019

The ED Friday said it has attached assets worth Rs 209 crore, including 20 immovable properties and bank deposits, in its money laundering probe into the alleged IMA group ponzi scam of Karnataka.

Looking To Invest In SBI Deposit Schemes? These Are The Returns You Get

Business | NDTV Profit Team | Thursday June 6, 2019

SBI FD rates: On fixed deposit (FD) accounts, the bank grants interest rates in a range of 5.75-7.25 per cent across different maturities, according to its website - sbi.co.in. Interest rates on recurring deposits (RDs) are same as that on fixed deposit (FD) accounts for that period. Savings plus account and basic savings bank deposit (BSBD) accoun...