Key Points
The output of eight key infrastructure sectors increased by 7.8% in November 2023 against a 5.7% expansion in the year-ago period, according to the official data released on Friday..
The governments fiscal deficit at the end of November stood at Rs 9.06 lakh crore or 50.7% of the full-year Budget Estimate, according to data released by the Controller General of Accounts (CGA) on Friday..
Bank of Baroda has hiked the interest rate on fixed deposits (FDs) for various maturities by up to 125 basis points, days after SBI hiked interest rates on some term deposits..
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HDFC Bank's Q4 deposits up 7.5%, Macquarie report says 'fantastic outcome'
04, Apr, 24HDFC Bank witnessed robust deposit growth of 7.5% in Q4 FY24, amounting to Rs 1.6 lakh crore. However, the share of low-cost deposits decreased to 38%. Despite this, the bank's shares surged by 2.8%. The bank's merger with HDFC impacted the CASA ratio, yet it reported strong retail and wholesale deposit growth.
HDFC Bank, IndusInd report strong loan growth, but CASA deposits lag
06, Jul, 23HDFC Bank's total deposits increased 19% to ₹19.13 lakh crore but the bank's CASA deposit growth was much slower at 11%. More importantly, the bank's CASA ratio has fallen to 42.5% in June 2023 from 44.4% in March 2023. Similarly, IndusInd Bank's loan book increased 21% to ₹3.01 lakh crore in June 2023 from ₹2.47 lakh crore a year ago.
HDFC Bank Q4 Update: Gross advances jump 55% YoY to Rs 25.08 lakh crore; deposits rise 26%
04, Apr, 24HDFC Bank reported a 55.4% YoY growth in gross advances to Rs 25.08 lakh crore. Domestic retail loans saw a significant increase. Deposits reached Rs 23.80 lakh crore, including CASA deposits at Rs 9.09 lakh crore.
Tax-saving FD: 5 banks offering above 7.50% to senior citizens; check details
03, Mar, 23Many banks offer higher interest rates to senior citizens, even on tax-saving fixed deposits. Here is a comparison of banks that offer the best interest rates on tax-saving FDs.
Kotak Mahindra Bank hikes FD interest rate; now earn 7% on this tenure
08, Apr, 23Kotak Mahindra Bank has hiked the interest rate of its fixed deposits (FDs) of a select tenure by 25 basis points. The new interest rate will be applicable for deposits below Rs 2 crore from April 6, 2023. All you need to know
YES Bank Q3 results today: What to expect, key thing to track for investors
27, Jan, 24The profit growth is seen upwards of 300%, while net interest income is likely to grow around 2% year-on-year in the October-December period. Some analysts are even predicting a decline in the NII due to slower loan growth and the rising cost of funds.
Tax saving FD: SBI, HDFC, ICICI Bank, PNB, Kotak Mahindra, YES Bank and others — Which bank offers the hig
17, Mar, 23Tax-savings FDs are fixed deposits that allow investors to claim income tax deductions under section 80C of the Income-tax Act, 1961. They have a lock-in period of five years. SBI offers an interest rate of 6.5 per cent on five-year tax-saving fixed deposits. SBI, HDFC, ICICI Bank, PNB, Kotak Mahindra, YES Bank, and others — check the interest rates of tax-saving FDs offered by the different banks before booking.
India’s fiscal deficit at 11.8% of full year target: Govt data
30, Jun, 23In actual terms, the deficit was Rs 2,10,287 crore at end-May 2023, as per the data of the Controller General of Accounts (CGA).
Bank deposits surge Rs 3.26 lakh crore as people rush to surrender Rs 2,000 notes
16, Jun, 23Deposits in commercial banks in India increased by INR 3.26 lakh crore to INR 187 lakh crore in the first two weeks after the Reserve Bank of India announced the withdrawal of INR 2,000 notes, according to the latest data. Term deposits rose INR 2.65 lakh crore while demand deposits increased by INR 760,968 crore, resulting in an annual deposit growth rate of 11.8%, compared to 9.3% last year.
Record 273 stressed cases resolved via IBC in 2023
14, Jan, 24The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptcy Board of India (IBBI) data yet to be made public. The jump indicates a robust upward trajectory in the IBC's (Insolvency and Bankruptcy Code's) effectiveness, the official said.