ICICI Bank launches an FD scheme for senior…

Over the past week, few banks have announced special fixed deposit (FD) schemes for senior citizens with a higher interest rate. Today, ICICI Bank today announced the launch of its scheme, ICICI Bank Golden Years…

Profitability will be better in FY21 than FY20:…

Mumbai-based RBL Bank has set aside enough capital buffers to deal with the Covid-19 pandemic crisis and is confident credit costs will not exceed levels seen in the previous financial year, CEO Vishwavir Ahuja told…

Who says 5-year MF SIPs giving lower returns…

Ajay Tyagi, Executive Vice-President and Fund Manager for Equity at UTI AMC, busts a few myths about equity investing in bear markets, mutual fund SIPs and the so-called bad patch for financial stocks. Read on…How…

Share market update: PSU bank shares down; PNB…

NEW DELHI: Shares of PSU banks were trading with losses in Monday's session. Shares of Punjab & Sind Bank (down​ 4.04 per cent)​, Indian Overseas Bank (down​ 2.07 per cent)​, J & K Bank (down​…

Bank of England holds interest rates, expects UK…

The Bank of England (BOE) on Thursday held interest rates at 0.1% but said it stands ready to take further action should the economic crisis caused by the coronavirus pandemic continue to deteriorate.The bank's Monetary…

YES Bank looks to recover up to Rs…

After posting a surprise profit, thanks to an exceptional item, YES Bank is now focussing on getting its deposits back along with recovering bad loans. The private lender aims to recover Rs 5,000-8,000 crore of…