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Homec > Banking

Banking

Kotak Mahindra Bank’s Diwali gift for depositors!
Kotak Mahindra Bank has hiked interest rates to as high as 7.25 per cent on fixed deposits of 23 months to less than 2 years tenure. But is 7.25 per cent currently the highest interest rate that one can get by opening an FD with any of the private banks in the country?
Customer Wins In Banks' Dogfight!
Smaller banks are willing to incur higher costs to gather more funds in a short time!
Customer Wins In Banks' Dogfight!
Smaller banks are willing to incur higher costs to gather more funds in a short time!
RBI fines ICICI, Kotak Mahindra Bank
The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms.
Axis Bank’s big jolt for depositors during Navaratri
Axis Bank has given a big jolt to depositors at the start of the nine-day festival of Navaratri! The private lender has reduced fixed deposit interest rates.
What do you need to know about dormant account?
A savings or current account is considered dormant or inoperative when there have been no transactions through that account for more than 24 months, i.e., 2 years.
RBI fines these financial institutions!
The Reserve Bank of India on Friday said it has imposed penalties on Union Bank of India, RBL Bank, and Bajaj Finance Ltd for non-compliance of regulatory norms.
Things to ponder on while filling bank account opening form!
Most people only fill in details and sign when opening an account. They consider reading the form’s terms and conditions a hassle.
“Small” tag, big concern!
Small finance banks are faced with a regulatory requirement to complete five years of business as a small finance bank before they can seek a change in status.
'Baroda Tiranga Plus Deposit Scheme'
Bank of Baroda has reduced interest rate on 'Baroda Tiranga Plus Deposit Scheme' of 399 days to 7.15 per cent.

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