Latest Updates Around The World
Private sector lender YES Bank will continue to grow its deposits faster than lending, MD & CEO Prashant Kumar said in an interaction. He discusses credit demand post the GST rate cuts, asset quality, prospects for acquisition financing and succession plans. Edited excerpts: Deposits continued to grow faster than assets in the second quarter. Will […]
If you keep money in a savings account, interest money you receive is for lending those funds to the financial institution. The interest is calculated daily and paid monthly. The interest rate, usually displayed as a percentage, is how much interest you get per year. A higher interest rate means that your money is growing […]
Icici Bank requires the minimum monthly average balance (MAB) for new Savings Bank (SB) deposits steeply increased with effect from 1 August 2025. This is at a time when the deposit rates in the banking system fall due to sufficient liquidity and reduction reductions by RBI. Thus, the minimum MAB for new deposits with the […]
The general advances of Indusind Bank fell by 4 percent yoj to £ 3.33 Lakh Crore on June 30, while deposits were flat yoj at £ 3.97 Lakh crore | Photocredit: Anushree Fadnavis Major Indusind Bank In the private sector, a decrease of 72 percent reported on an annual basis (JoJ) in consolidated net profit […]
