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Share of Fixed Deposits in Banks’ Total Deposits up at 60.3% in Dec 2023

Share of Fixed Deposits in Banks’ Total Deposits up at 60.3% in Dec 2023 - The share of term deposits in scheduled commercial banks (SCBs) total deposits increased to 60.3 per cent in December 2023 from 57.2 per cent in March 2023, according to RBI’s quarterly data. Rising return on term deposits (TDs) is driving the compositional shift in deposits of SCBs, the central bank said. Trending Banking News - Click Here The weighted average domestic term deposit rate (WADTDR)...

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RBI Imposes Monetary Penalty on SBI & Other Banks

RBI Imposes Monetary Penalty on SBI & Other Banks - The Reserve Bank of India (RBI) has imposed monetary penalty on State...

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CASA Deposit Ratio Drops for Private Sector Banks Sharper Than PSBs

The current account savings account (CASA) deposit ratio of private sector banks dropped more than that of public sector banks (PSBs) in...

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CASA Deposit Drops for Bigger Public Sector Banks

CASA deposit drops for bigger pubic sector banks - The share of CASA deposits to total deposits of pubic sector banks contracted...

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Union Bank of India to Raise ₹3,000 Crore via QIP

Union Bank of India to raise ₹3,000 crore via QIP : Union Bank of India’s “Committee of Directors for Raising Capital Funds”...

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BOI, IOB, and UCO Bank Get New Chairmen

Public Sector BOI, IOB, and UCO Bank Get New Chairmen - The Appointments Committee of the Cabinet (ACC) has appointed former LIC...

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Bipartite Settlement with 17% Increase in Salary for Bank Employees

The Indian Bank Association (IBA) and bank employee unions have agreed to the 12th bipartite salary hike settlement. This settlement will be...

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UCO Bank Stops IMPS Service For Customers

Public Sector UCO Bank stops IMPS service for customers due to some internal technical glitches. The popular instant money transfer facility IMPS (Immediate...

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