On February 10, market participants are urged to pay close attention to HDFC Bank, as it has made a significant adjustment to its Marginal Cost of Funds-based Lending Rate (MCLR). This strategic move marks a 5 basis points (bps) increase from the previous rate, reflecting changing economic conditions and the bank’s operational strategies. The new ...
“`html ICICI Bank, the second-largest private sector bank in India, has recently revised its fixed deposit (FD) interest rates. Effective from November 1, 2024, the new rates come into play after the festive season of Diwali. This adjustment aims to enhance the bank’s competitiveness in the financial market. Current Fixed Deposit Rates at ICICI Bank ...
Introduction to SBI Amrit Kalash Scheme The State Bank of India (SBI), India’s largest public sector bank, offers a remarkable savings scheme called the Amrit Kalash Scheme. This unique deposit scheme has a duration of only 400 days, providing a lucrative investment opportunity for customers looking to maximize their savings. However, prospective investors need to ...