Bank FD Interest Rates: SBI Vs HDFC Bank Vs ICICI Vs Axis Bank – A Comparison

Bank fixed deposits (FDs) are one of the most popular instruments used to save for the future. Despite falling interest rates, many people prefer FDs over other savings/investment products as FDs offer secured return and easy access to liquidity in case of an emergency. Depending on the investment horizon, fixed deposits offer you a wide range of choices ranging from […]

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ICICI Bank extends gains on approval for fund raising

ICICI Bank rose 0.38% to Rs 292.20 at 9:40 IST on BSE after the bank said that committee of executive directors approved the proposal for fund raising by way of issuance of Basel III compliant bonds. The announcement was made after market hours yesterday, 12 September 2017. Meanwhile, the S&P BSE Sensex was up 78.59 points, or 0.24%, to 32,237.25. On the BSE, 54,550 shares were traded in the counter […]

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HDFC Bank in Reserve Bank’s too-big-to-fail list of lenders along with SBI and ICICI Bank

The Reserve Bank of India (RBI) on Monday included HDFC Bank in the list of too big to fail lenders, referred to as D-SIB or domestic systemically important bank. India's largest lender, State Bank of India (SBI) and private sector major ICICI Bank were classified as D-SIBs in 2015. With the inclusion of HDFC Bank in the list, there will […]

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ICICI, PNB, Union Bank cut Savings Rates

Three more lenders – ICICI Bank, Union Bank of India and Punjab National Bank (PNB) – have brought down their interest rates on savings bank account, taking the total to 10.  The cut in savings rate is likely to be a precursor to a cut in lending rates. ICICI Bank and PNB said that they have reduced interest rate on […]

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