INDIAN BANK 444 DAY FD
HDFC Bank cuts lending rates on select tenures by up to 5 bps: Check how it can impact your loan EMI
HDFC Bank announces a reduction in its Marginal Cost of Funds-based Lending Rates. This move will benefit borrowers with loans linked to MCLR. The bank has lowered MCLR by up to 5 basis points on select tenures. New MCLR rates now range from 8.55% to 8.75%, varying by loan duration.
SCSS vs Bank FD: Which investment scheme is offering 8.2% interest rate to senior citizens?
With falling FD interest rates, senior citizens are seeking better investment options. The Senior Citizen Savings Scheme (SCSS), a government-backed scheme, offers a higher interest rate of 8.2% compared to many leading bank FDs. SCSS has a five-year term, tax benefits under Section 80C, and a maximum investment limit of Rs 30 lakh, making it an attractive alternative.
Banks, fintechs push FD-tied credit cards, slash limit to secure more users
Banks and fintechs in India are offering low-limit secured credit cards, backed by fixed deposits, to expand access to formal credit. With limits starting as low as Rs 90, these cards help users build credit scores safely, especially amid tighter lending norms and rising non-performing assets (NPAs) in unsecured credit.
FDs fuel plastic dreams; PhysicsWallah revises DRHP
Happy Monday! Banks and fintechs launch low-limit secured credit cards to grow users. This and more in today's ETtech Morning Dispatch.
Indian Bank migrates to secure web portal
Indian Bank has migrated its corporate website to 'www.indianbank.bank.in' in line with RBI directives to boost digital banking security. Under IDRBT guidance, the '.bank.in' domain, reserved solely for banks, strengthens cybersecurity, combats fraud, and enhances public trust by helping customers identify authentic banking websites, reaffirming the bank’s commitment to safety.
Mcap of 7 of top-10 most-valued firms jumps Rs 1 lakh cr; Bajaj Finance, Reliance major gainers
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities.
- Go To Page 1
FII activity, India-US trade deal among 7 factors that may impact D-Street action this week
Indian equity benchmarks wrapped up the week on a solid note, buoyed by strong domestic macroeconomic data and ongoing policy reforms. The Nifty gained 1.29% to settle at 24,741, while the Sensex climbed 1.13% to close at 80,710.
V K Sasikala paid Rs 450 Cr in old notes to buy sugar factory in Tamil Nadu during demonetisation: CBI
Central Bureau of Investigation has filed a case regarding the purchase of a sugar factory. V K Sasikala allegedly paid Rupees 450 crore in old currency during demonetisation. The payment was for Padmaadevi Sugars Limited. The Indian Overseas Bank faced a loss of Rupees 120 crore. Income tax department seized documents related to the deal.
Will Indian banks meet the SWIFT ISO 20022 implementation deadline?
Indian banks are accelerating efforts to fully implement SWIFT's ISO 20022 messaging standard by the November 2025 deadline, driven by directives from the Ministry of Finance and the RBI. Several major banks, including SBI and ICICI Bank, have already migrated to the new system. Failure to comply with the deadline could result in payment disruptions and penalties.
Rupee hits record low on tariff jitters, but central bank caps decline
The Indian rupee hit a lifetime low on Friday, pressured by worries over U.S. tariffs, leaving traders on edge even as likely central bank intervention helped limit losses.
Rupee slips to record low of 88.36 vs USD; likely RBI intervention caps losses
The Indian rupee plummeted to a record low of 88.36 against the U.S. dollar due to concerns over potential U.S. tariffs on India. The Reserve Bank of India likely intervened to curb further losses as foreign portfolio investors continued to withdraw from Indian equities. MUFG forecasts the rupee could weaken further to 89 by early 2026 if tariffs persist.
Rupee falls 12 paise to close at 88.14 against US dollar
The rupee fell 12 paise to close at 88.14 (provisional) against the US dollar on Thursday amid sustained foreign fund outflows and a stronger greenback.
Insurers grab chunk of secured personal loans biz, rival banks
Insurance companies are increasingly competing with banks by offering secured personal loans to policyholders, totaling ₹1.35 lakh crore, comparable to bank loans against fixed deposits. These short-term loans, with rates from 8.50% to 10.5%, allow policyholders to access funds without surrendering their policies.
Gold loans lead surge in consumption portfolio: Reports
Indian borrowers are increasingly seeking larger loans, fueled by easier retail credit access from public sector banks and NBFCs, while private banks exercise caution. Gold loans surge due to high prices, led by public sector banks in value and NBFCs in small-ticket lending. Home loans see public sector banks expanding market share with big-ticket loans.
Fraudsters target SBI customers in mobile number change fraud; bank asks customers to stay alert
SBI has alerted customers about a new fraud targeting pensioners, where scammers attempt to replace registered mobile numbers to intercept banking alerts. Fraudsters posing as bank officials promise faster PPO processing or threaten pension blockage to extract sensitive information. SBI advises caution, urging customers to avoid sharing personal details and to verify app authenticity to safeguard their accounts.
Shooting in NYC on Labor Day: 6 shot at during West Indian American Carnival celebrations despite high security; what we know so far
The West Indian American Day Parade in Brooklyn ended in violence on Monday evening as multiple shootings injured six people along the parade route. The incidents occurred as the parade was concluding, with victims shot on Eastern Parkway and Nostrand Avenue. Despite heightened NYPD security, chaos ensued, and the injured were transported to Kings County Hospital Center.
Labor Day 2025 Delaware: What’s open and closed on September 1, government offices, public transport and more
As the nation marks Labor Day 2025 on Monday, September 1, Delaware residents are preparing for parades, family picnics, and seasonal celebrations. The federal holiday, dedicated to recognizing the contributions of American workers, also brings adjusted schedules for banks, retail stores, postal services, and state offices.
Labor Day 2025 parades and fireworks: the can’t-miss events across the USA this weekend
Labor Day 2025 is set to bring millions of Americans together for parades, concerts, and fireworks that mark the official close of summer. If you’re looking for a “Labor Day parade near me,” this year’s calendar has more options than ever—making it the perfect time to join the crowds and celebrate.
Are Walmart, Publix, Target, and Kroger open on Labor Day 2025? Here’s the full list of store hours for Monday, September 1
Need last-minute groceries for the cookout? Labor Day 2025 falls on Monday, September 1, and while some big-box retailers like Costco will shut their doors, others — including Walmart, Publix, Target, and Kroger — are keeping shelves stocked for shoppers. Here’s the full list of which grocery and retail stores are open, which are closed, and what hours you can actually count on this holiday.
Labor Day 2025: What’s open and closed on September 1 — Stock market, banks, grocery stores & more
As Labor Day 2025 approaches on Monday, September 1, Americans are set to enjoy a long weekend that serves both as a symbolic close to summer and a celebration of the nation’s workforce.
PUBG Battlegrounds maker Krafton eyes major expansion in India: Report
With growth slowing in key markets like China and the US, Krafton sees India as a major opportunity. Sean Sohn, the company’s India head, told the publication that Krafton is actively exploring acquisitions in the country. It also plans to invest at least $50 million annually in India, where PUBG has remained one of the highest-grossing games in recent years.
RBL Bank board approves Rs 6,500 crore fundraise via QIP, debt issue
RBL Bank’s board approved raising ₹6,500 crore through equity and debt securities, including a ₹3,500 crore QIP. The stock surged 4.4% after the announcement, supported by strong six-month rally and fresh bulk deals.
Gold vs Nifty 50 vs FD: Which has given highest return on Rs 1 lakh investment in 10 years?
Over the past decade, the Nifty TRI index has outperformed other investment options, delivering the highest return, closely followed by gold. SBI's 10-year fixed deposits scheme lagged behind at No. 3 position. While historical data provides important insights, future performance of the same asset class may vary, emphasising the importance of diversified investment strategies.
ITR Filing, UPS deadline, SBI credit card changes, Registered Post merger and more: Deadlines & key watchouts in September 2025
September 2025 brings key financial changes, including India Post merging Registered Post with Speed Post and revisions to SBI credit card rewards. Special FD schemes from Indian Bank and IDBI Bank are ending, while the ITR filing deadline for certain taxpayers is extended to September 15th. Central government employees have until September 30th to switch from NPS to UPS.
As tariff jitters push markets in red, Rohit Srivastava warns against carrying long positions
With tariff concerns pushing Indian markets lower, Rohit Srivastava advises traders to avoid long positions overnight. According to him, FMCG and autos offer some support, but weakness in IT, metals, and energy drags indices, as investors brace for volatility ahead of the tariff deadline.
Special FD deadlines: Indian Bank, IDBI Bank FDs offering up to 7.45% rate are open only until this date
Several banks are running special fixed deposit schemes. These include Indian Bank, IDBI Bank and State Bank of India. These FDs offer attractive interest rates for limited periods. Indian Bank's Ind Secure and Ind Green schemes have a September deadline. IDBI Bank's Utsav Callable FD also has a September deadline. SBI's Amrit Vrishti FD deadline is extended.
New Aadhaar rule: Can you get two Baal Aadhaars using same birth certificate? Here's the latest government amendment
UIDAI has amended Aadhaar regulations to prevent duplicate Baal Aadhaar enrolments using the same birth certificate. With parental consent, a child's Aadhaar number can be shared with the Registrar General of India to avoid such duplications. The notification also addresses the deactivation process for Aadhaar numbers of deceased individuals, streamlining the procedure.
Ganapati & Onam festivals: Central govt employees in these states to receive salary in advance; check dates
The central government will disburse August 2025 salaries, wages, and pensions early for its employees and pensioners in Maharashtra and Kerala. Maharashtra employees will receive their payments on August 26, 2025, ahead of Ganapati, while Kerala employees will receive theirs on August 25, 2025, before Onam. These payments are considered advances, subject to adjustment in subsequent salary cycles.
Load More
