deposit
- Business
Banks hike interest rates on FDs amid fierce competition for deposits
Mumbai: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on…
- Business
Apple’s savings account draws nearly $1 bn in deposits in just 4 days
San Francisco: Apple’s new high-yield savings account has drawn nearly $1 billion in deposits in just four days of its launch, the media reported, amid a cascade of US bank failures, the…
- Pakistan
Moody’s downgrades long-deposit ratings of five Pakistani banks
Islamabad: Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani banks to Caa3 from Caa1, The Express Tribune reported. The ratings of Moody’s Investors Service suggest that the ongoing…
- India
Banks hike deposit rates ahead of festive season
Mumbai: Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed. The hike in deposit rates are in line…
- India
Quoting PAN or Aadhaar must for high-value deposits, withdrawals
New Delhi: Recently, the Central Board of Direct Taxes (CBDT) issued a notification making it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs 20 lakh in a…
- Technology
CoinSwitch Kuber temporarily disables rupee deposits
New Delhi: Crypto trading platform CoinSwitch Kuber has disabled all payments modes for crypto purchases on its platform, including bank transfers. Users of the CoinSwitch mobile app are no longer able to…
