BULK DEPOSIT
![Consolidation phase to continue for banks; SBI, HDFC remain preferred picks: InCred Equities](https://img.etimg.com/thumb/msid-111087870,width-100,height-75,resizemode-4/markets/stocks/news/consolidation-phase-to-continue-for-banks-sbi-hdfc-remain-preferred-picks-incred-equities.jpg)
Consolidation phase to continue for banks; SBI, HDFC remain preferred picks: InCred Equities
The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum
![FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule](https://img.etimg.com/thumb/msid-110933101,width-100,height-75,resizemode-4/wealth/invest/fd-interest-rate-up-to-9-1-9-banks-have-revised-fixed-deposit-terms-rates-after-new-rbi-rule.jpg)
FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule
FD interest rates in June: The RBI announced the proposal to revise the definition of bulk fixed deposits. Here is a list of banks that have revised the date and updated their retail deposits from Rs 2 crore to Rs 3 crore.
![This FD amount will soon be considered as retail FD; RBI to review bulk FD limits](https://img.etimg.com/thumb/msid-110785393,width-100,height-75,resizemode-4/wealth/save/this-amount-of-fd-amount-will-soon-be-considered-as-retail-fd-rbi-revised-bulk-fd-definition.jpg)
This FD amount will soon be considered as retail FD; RBI to review bulk FD limits
Bulk FD amount of bank: The new proposal has been announced by RBI in the Monetary Policy Committee announcement today. The central bank said that necessary guidelines will soon be issued.
!['Banks need to look beyond bulk deposits to fund loans': RBI](https://img.etimg.com/thumb/msid-110573065,width-100,height-75,resizemode-4/industry/banking/finance/banks-need-to-look-beyond-bulk-deposits-to-fund-loans.jpg)
'Banks need to look beyond bulk deposits to fund loans': RBI
The Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations.
![Reduce reliance on wholesale deposits to fund loans: RBI to banks](https://img.etimg.com/thumb/msid-110564517,width-100,height-75,resizemode-4/industry/banking/finance/banking/reduce-reliance-on-wholesale-deposits-to-fund-loans-rbi-to-banks.jpg)
Reduce reliance on wholesale deposits to fund loans: RBI to banks
The Reserve Bank of India (RBI) advises banks to reduce dependence on wholesale deposits and manage risks from loans and trading amid fluctuating interest rates. Regulatory measures to curb consumer lending and diversify deposit sources are emphasized. The RBI plans to issue new guidelines to enhance financial stability and asset quality in FY25.
![Capital and asset quality of banks, NBFCs remain healthy, says RBI in its annual report](https://img.etimg.com/thumb/msid-110553810,width-100,height-75,resizemode-4/industry/banking/finance/banking/capital-and-asset-quality-of-banks-nbfcs-remain-healthy-says-rbi-in-its-annual-report.jpg)
Capital and asset quality of banks, NBFCs remain healthy, says RBI in its annual report
The Reserve Bank of India (RBI) released its annual report on Thursday. It highlighted that the capital and asset quality of banks and Non-Banking Financial Companies (NBFCs) have stayed robust. This has fostered growth in bank credit and domestic activity for the financial year 2024.
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What is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates
SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.
FD interest rate up to 9.1% in May 2024: These 7 banks have revised fixed deposit rates in May
Many banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.
Latest SBI FD interest rates: State Bank of India hikes fixed deposit rates by up to 75 bps
SBI FD interest rates: The State Bank of India (SBI) has increased the interest rates for fixed deposits on retail and bulk deposits for specific time periods. The bank has raised the fixed deposit interest rates by 75 basis points (bps) for certain durations.
PPF deposit: Finding it difficult to deposit money in your PPF account online? Here are different ways to invest before the April 5 date
How to invest in PPF: Those investing in the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund (PPF) should ensure that their contributions are deposited into the accounts before April 5 in order to maximize returns for the ongoing financial year, 2024-25.
Not making PPF investment before April 5 can cost this much in interest
PPF deposit before April 5: Investing in PPF account before April 5 can earn the PPF account holder more interest. Making lumpsum investment for the entire year after this date will make a PPF investor to lose a month's interest. Read on to know how much you lose if an individual misses this date.
Bandhan Bank posts 18% loan growth in FY24
Bandhan Bank in Kolkata saw significant growth in loans and deposits by the end of the 2023-24 fiscal year, with a notable increase in CASA deposits and strong collection efficiency.
SBI vs Bank of Baroda green fixed deposits (FDs): Which is offering higher interest rate? Check details
State Bank of India and Bank of Baroda are the banks to launch green FDs. Let us compare the green FDs from SBI and Bank of Baroda.
SBI FD interest rate up to 7.9%: 5 State Bank of India special fixed deposits offering higher rates
SBI special fixed deposits: State Bank of India offers various special fixed deposits for regular citizens and senior citizens such as SBI Amrit Kalash, SBI Wecare, SBI Green Deposits, SBI Sarvottam. Here are details of each of these schemes.
Banks turn to bulk deposits to meet credit demand on tepid retail FDs
In a report released on Monday, Nomura analysts pointed out that in February 2024, the monthly issuance of CDs for the banking system at ₹1.3 lakh crore was at a five-year high. "While CDs are a very small part of system deposits (2% of system deposits as of February 2024), the sharp rise in issuance is indicative of a continued resource crunch faced by banks.
HDFC Bank increases FD interest rates by up to 25 bps; now earn 7.75% on this fixed deposit tenure
Latest HDFC Bank FD interest rates: HDFC Bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The Bank has hiked on tenure of 18 months to less than 21 months from 7% to 7.25%.
Earn up to 7.9% FD rate: HDFC Bank revises interest rates on these fixed deposits
HDFC Bank has revised bulk fixed deposits interest rates for amounts above Rs 2 crore to Rs 5 crore for domestic, NRO, NRE customers. The new rates are effective from February 3, 2024, as per the HDFC Bank website.
Green FD interest rates up to 8%: These 3 banks offer green deposits in India
Banks are promoting sustainable practices by offering 'Green Fixed Deposits' to support social and environmental issues. Here is list of banks offering green fixed deposits.
PSU banks look very attractive for the next 3-6 months or even for a year: Pankaj Pandey
Pankaj Pandey discusses the attractiveness of PSU banks within the BFSI space. He also mentions the potential growth for rating agencies due to government and RBI push for corporate bonds. Tech Mahindra and BirlaSoft are highlighted as companies with strong numbers and attractive prospects. Bajaj Auto's good margins and TVS's success in the EV market are noted. Pankaj Pandey comments on the opportunities in the railway sector, but expresses concerns about valuations.
IDFC First's 5-year plan: Grow assets at 20%, deposits at 25%
IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposits by 25%. With a stable operating business and improved visibility, the bank is confident in achieving its targets. It has successfully improved CASA and increased its loan book. The bank plans to open branches based on deposit goals and grow deposits at a CAGR of 25%. Loans and advances will see a CAGR of 20.3% while keeping asset quality under control.
What is the interest rate for SBI Green Rupee Term Deposit?
SBI has launched SBI Green Rupee Term Deposit in an effort to raise cash for funding green activities and projects, as well as to expand the country's green finance ecosystem.
SBI launches green rupee fixed deposit (FD): Who can invest, interest rate, how to buy
State Bank of India (SBI) has launched SBI Green Rupee Term Deposit (SGRTD) in an effort to raise money for projects and activities.
RBI deputy governor flags banks' tendency to depend on bulk deposits
When interest rates decline, these long-term large deposits will still have to be managed and that can lead to lower profits and lower margins, Swaminathan J said.
Fresh inflows of NRI deposits double in April-October
"Relatively higher interest rates happen to be one of the driving factors," said Madan Sabnavis, chief economist, Bank of Baroda. FCNR(B) returns offered by the State Bank of India were more than 5%, compared with less than 3% returns offered by American Banks.
NRIs park more forex in India on yields, safe haven appeal
Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin. Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago.
DCB Bank hikes FD rates by up to 10 bps on select tenures; offers highest interest rate of 8%
The bank is offering the highest FD interest rate of 8% to general customers and 8.60% for senior citizens, after the revision.
Top banks latest bulk deposit interest rates: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Axis Bank
Here are the details of the interest rate for SBI, HDFC Bank, ICICI Bank, Axis Bank, and PNB on bulk fixed deposits (FDs) of Rs 2 crore and above.
Fixed deposit: Is it the last window to book FDs at high interest rates as RBI pauses repo rate?
Interest rate on fixed deposits have risen significantly however they are yet to match the rise in RBI repo rate hike of 2.5% seen since May 2022. May depositors were hoping that rate will rise further but hardly any bank has raised the rates significantly in last 1-2 months. However, tight liquidity in banking system and uncertainty about inflation movement may make a case for a higher rate on FDs. However, it may not be long lived and overall interest rate on FDs are likely to fall in coming months. What should depositors do?
Public sector banks told to shift focus away from high-cost bulk deposits
"The caution on high-cost deposits is a part of the review of the asset liability risk management practices followed by banks," a government official said, adding that it was also pointed out that another challenge for PSBs is to arrest the decline in current and savings account, or CASA, which has come down to 57% in March 2023 from 64.9% in 2018.
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