Page 2 - Deposit Rates

Banks rush to hike deposit rates, raise funds amid firm loan growth

Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes

State Bank of India hikes term deposit rates by 15-100 basis points

The revised rates on domestic term deposits, including bulk deposits, are effective from today

Bank of Baroda hikes MCLR up to 30 basis effective December 12

The revised rates will be effective from December 12

Wide gap between bank credit and deposit growth seen declining

Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say

Bank credit grows 17.2% YoY to Rs 129.48 trn in fortnight to Nov 18

Deposit growth rises 9.6%, analysts cite FPI flows, govt spending

Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL

Lenders may have to raise deposit rates at faster pace, says senior executive of agency

Bandhan Bank offers 7.5% interest rate on retail FDs for limited period

Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more

IDBI announces new deposit scheme, lifts deposit rate to 7% for 700 days

The bank has also tweaked the deposit rate for 555 days

Bank of India launches special deposit scheme; raises interest on others

Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent

Private banks' net profit soars on healthy loan growth, higher margins

NIMs expanded as banks hiked rates on lending faster than those on deposits

Competition for funds drives SBI to hike savings deposit rate by 30 bps

Balances of Rs 10 cr and above to earn 3% rate of interest Oct 15 onwards; 2.7% rate unchanged on deposits below Rs 10 cr

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Now, IDBI Bank too hikes deposit rates to fund strong loan demand

The highest rate for senior citizens is 6.55 per cent for tenors ranging from 5 years to more than 5 years and up to 10 years

As banks woo them, are depositors looking at good days ahead?

Banks are rushing to woo depositors with attractive rates. These deposit rates may soar further if repo rate rise to 5.75 - 6% by the end of this calendar year. So, what is in the store for investors?

Top Headlines: Common charger for all mobiles; banks rush to woo depositors

At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country's largest bank, State Bank of India (SBI), have raised deposit rates ahead of the festival

Competition may push deposit rates up over 100 bps by December: Bankers

There is, however, room for the deposit rates to rise, with the average one-year deposit rate for banks standing at 5.41 per cent

HDFC Bank opens special window offering 6.80% interest for NRE deposits

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore

RBI hikes capital adequacy ratio for urban cooperative banks to 12%

Rule applies to banks with deposits above Rs 100 crore; glide path till March 2026, to meet revised CAR norm in phases for UCBs that do not meet it currently

Several factors still hinder monetary transmission to bank rates: RBI

Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank rates, RBI has said

Moody's downgrades deposit ratings, credit assessment of four PSU banks

Says economic shock from Covid-19 may weaken borrower credit profiles and hurt their asset quality. outlook on ratings of all four is negative