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Tag: SBI

Bank FD: SBI Vs PNB Vs HDFC Bank; Check Detailed Comparison of Latest Fixed Deposit Interest Rates
16Sep By adminNo Comments
Business

Bank FD: SBI Vs PNB Vs HDFC Bank; Check Detailed Comparison of Latest Fixed Deposit Interest Rates

Reported By: Mohammad HarisLast Updated: September 16, 2023, 16:06 ISTA comparison of the latest FD interest rates of PNB, HDFC Bank and SBI on deposits below Rs 2 crore.HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age. SBI is offering FD rates up to 7.50 per cent annually and PNB is giving up to 7.75 per cent a yearSBI Vs PNB Vs HDFC Bank FD Interest Rates: Even as the interest rates in the economy are currently prevailing at higher levels, fixed deposits that earlier used to offer returns below the inflation rate now look attractive. Bank FDs are also offering interest rates as high as 7.75 per cent.A fixed deposit is a fixed-income instrument that gives returns based on the interest rates it offers.HDFC Bank is offering ...
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SBI Wecare Special FD Ending Soon: All You Need To Know About This Fixed Deposit Scheme For Senior Citizens
3Sep By adminNo Comments
Business

SBI Wecare Special FD Ending Soon: All You Need To Know About This Fixed Deposit Scheme For Senior Citizens

SBI introduced the SBI Wecare special fixed deposit scheme in 2022 for offering them higher interest on term deposits.SBI Wecare special FD for senior citizens: Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for public i.e., 100 bps over card rate for public, says SBIState Bank of India (SBI), India’s largest lender, is offering a special fixed deposit (FD) scheme for senior citizens — SBI Wecare. The scheme, which offers higher interest rates on tenures between 5 years and 10 years, is ending on September 30. It was originally supposed to be closed on June 30, which was later extended for 3 months till September 30.According to SBI’s website, “SBI takes pride in its association with Senior Citizens and introduces a new Deposit Scheme ‘SBI WECARE’ ...
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State Bank of India Q1 profit nearly triples to all-time high
4Aug By adminNo Comments
Business

State Bank of India Q1 profit nearly triples to all-time high

MUMBAI/BENGALURU: State Bank of India , the country's largest lender, on Friday reported a near three-fold jump in first-quarter profit, led by a surge in net interest income, healthy loan growth and lower provisions.Net profit was at a record 168.84 billion rupees ($2.04 billion) for the quarter ended June 30, compared with 60.68 billion rupees a year earlier, the lender said in an exchange filing.Net interest income, the difference between interest earned and paid out, rose 24.7% to 389.05 billion rupees.Net interest margin, a key indicator of a bank's profitability, rose to 3.47% from 3.23% a year ago.Larger rivals HDFC Bank and ICICI Bank have reported double-digit net interest income growth for the fiscal first quarter, spurred by consistent demand for loans.Indian banks have been re...
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Muted start on D-Street likely; HDFC Bank, RIL in focus
17Jul By adminNo Comments
Business

Muted start on D-Street likely; HDFC Bank, RIL in focus

Stock market LIVE updates: The Q1 (April-June) quarter results season is in full swing, and investors will closely follow earnings of key companies on Monday, including that of HDFC Bank and LTIMindtree, to gauge the health of India Inc.  ...Read MoreNo article available in this category.First Published: Jul 17 2023 | 7:48 AM IST
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SBI seeks to raise Rs 10,000 cr in tier-I bonds, wary about spike in yields
9Jul By adminNo Comments
Business

SBI seeks to raise Rs 10,000 cr in tier-I bonds, wary about spike in yields

The country’s largest lender, State Bank of India (SBI), is looking to raise up to Rs 10,000 crore capital via additional tier I bonds (AT1) in the coming week. However, the recent spike in yields in the last two weeks has made it weigh on the costs of locking in at higher yields. Debt market sources said the AT1 bonds raise, tentatively scheduled for July 13, is for twin purposes--supporting business growth and replacing instruments (bonds) that are maturing. The bank would decide on actual bond issuance based on yield level in the market, which hardened in the last two weeks. The yield on the benchmark 10-year Government of India bonds closed at 7.15-16 per cent level at end of week (July 07) from 7.07 per cent fortnight ago (June 23), according to data from Clearin...
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Sensex, Nifty likely to extend gains to 7th straight day
4Jul By adminNo Comments
Business

Sensex, Nifty likely to extend gains to 7th straight day

STOCK MARKET LIVE: Equity benchmark indices Sensex and Nifty are eyeing a start in green on Wednesday even as equities elsewhere in Asia are muted this morning. At 7:15 am, the Gift Nifty futures were 40 points higher at 19,500 levels.  ...Read MoreNo article available in this category.First Published: Jul 05 2023 | 7:19 AM IST
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