Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in...
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Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

s New Delhi: To avoid any malpractices, the government has asked all public sector banks to strictly maintain a record of deposits made through both old Rs. 500 and Rs. 1,000 notes and other valid currencies. In a letter written to chief executive...
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SBI Collects Rs. 1,14,139 Crore In Deposits In Seven Days

SBI Collects Rs. 1,14,139 Crore In Deposits In Seven Days

  Mumbai: State Bank of India (SBI) on Wednesday said it collected Rs. 1,14,139 crore in deposits in last seven days after the government announced demonetisation of Rs. 500 and Rs. 1,000 notes. In a statement here on Wednesday, SBI...
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SBI’s ‘Demonetisation Deposits’ Swell To Rs 75,945 Crore

SBI’s ‘Demonetisation Deposits’ Swell To Rs 75,945 Crore

SBI has seen Rs. 75,945 crore in deposits since the demonetisation of currency notes on November 8. Chennai: India’s largest lender State Bank of India (SBI) has seen Rs. 75,945 crore in deposits since the demonetisation of high-denomination currency not...
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I Had Felt FCNR Deposits To Be An Idiotic Idea: Raghuram Rajan

I Had Felt FCNR Deposits To Be An Idiotic Idea: Raghuram Rajan

RBI Governor Raghuram Rajan conceded that he thought the FCNR deposits idea to be “completely idiotic”. Mumbai: Outgoing Reserve Bank Governor Raghuram Rajan on Friday disclosed that idea of raising diaspora deposits, which changed the downward co...
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Indian financial institution Revises costs On time period Deposits

Indian financial institution Revises costs On time period Deposits

Chennai: Indian bank on Saturday stated it has revised hobby rates on time period deposits with on the spot impact. the general public region bank introduced an upward revision of interest price on time period deposits for 12 months by...
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