Page 6 - Bank Deposits

SBI hikes bulk deposits rates by 40-90 bps, with immediate effect

All deposits more than 3 years to earn 4.5% rate of interest;m Bajaj Finance increases FD rates by 10 bps

Bank credit grows by 10.09% to Rs 119.88 trn; deposits by 10.06%

Bank credit grew by 10.09 per cent to Rs 119.88 lakh crore and deposits by 10.06 per cent to Rs 167.42 lakh crore in the fortnight ended on April 8, the RBI data showed.

Karur Vysya Bank's total business crosses Rs 1.25 trn

While the total deposits of the bank stood at Rs 68,676 cr as on March 31, the total advances was at Rs 58,086 cr, aggregating a total business of Rs 1.26 trn

YES Bank's loan book expands by 8.8% to Rs 1.81 trillion in FY22

The pace of growth in deposits on YES Bank was much higher at 21.1 per cent in FY22.

Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data

Bank credit grew by 7.9'% to Rs 116.27 trillion and deposits rose by 8.6% to Rs 162.17trillion in the fortnight ended February 25, RBI data showed

Bank credit grows at 8.21%, deposits at 8.31% in fortnight ending Jan 28

In the previous fortnight ended January 14, bank credit had risen by 8.01 per cent and deposits by 9.28 per cent

Depositors should be careful while chasing high returns, says RBI Governor

He also said that RBI remains committed to ensuring that the banking system remains robust and resilient

PM Modi to address bank deposit insurance programme today

Prime Minister Narendra Modi will address the function on 'Depositors FirstAs per an official statement from Prime Minsiter's Office, Union Finance Minister Nirmala Sitharaman, MoS Finance and RBI Governor will also be present on the occasion."Deposit insurance covers all deposits such as savings, fixed, current, recurring deposits, etc. in all commercial banks, functioning in India. Deposits in State, Central and Primary cooperative banks, functioning in States/Union Territories are also covered," said the PMO."In a path-breaking reform, bank deposit insurance cover was enhanced from Rs 1 lakh to Rs 5 lakh," it added.With deposit insurance coverage of Rs 5 lakh per depositor per bank, the number of fully protected accounts at end of the previous financial year constituted 98.1 per cent of the total number of accounts, as against the international benchmark of 80 per cent.The first tranche of interim payments has been released by the Deposit Insurance and Credit Guarantee Corporation .

PM Modi to address depositors in bank deposit insurance programme tomorrow

With deposit insurance coverage of Rs 5 lakh per depositor per bank, number of fully protected accounts at end of previous financial year constituted 98.1 per cent of total number of accounts

Draft amalgamation scheme insensitive and a cruel joke: PMC depositors

PMC assets sufficient to meet liabilities of all retail depositors, says Depositors Association

With Rs 7,000 cr stuck, over 20k PMC Bank depositors play waiting game

The amount stuck is Rs 7,126 crore, which is 60 per cent of the total Rs 11,800-crore in deposits

IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore

IDFC First Bank on Tuesday said it has posted 9.75 per cent growth in advances at Rs 117,243 crore for the second quarter ended September 30, 2021

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter

Bank deposits rise 12% in FY21 on higher CASA growth: RBI data

Among institutional categories, the household sector held 64.1 per cent share in total deposits

RBI issues revised norms for hiring of bank lockers: Check details here

Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees

BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1

State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year. The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM. It was followed by Punjab & Sind Bank which posted 10.13 per cent growth in advances with aggregate loans at Rs 67,933 crore at the end of June 2021. When it came to deposit mobilisation, BoM with nearly 14 per cent growth was a notch behind Punjab and Sind Bank, while the country's largest lender State Bank of India recorded 8.82 per cent rise. However, in absolute terms SBI's deposit base was 21 times higher at Rs 37.20 lakh crore as against Rs 1.74 lakh crore of BoM. Current Account Savings Account (CASA) for BoM saw 22 per cent rise, the highest among the public sector lenders, during the quarter. As a result,

Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium

The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said

IDBI Bank's net profit soars 318% YoY to Rs 603 cr in June quarter

Net interest income of the lender jumped 41% YoY to Rs 2,506 crore but sequentially it was down 23%

Stop penalty on early withdrawal of SCSS in case of death: IBA to banks

Banks asked to capture closure reason in CBS

Indian Bank Q1 net more than triples to Rs 1,182 cr, NIM up marginally

Bad loan recoveries helps to improve bottom-line