Senior citizens get a slightly higher interest rate on FDs than general citizens. However, the rate of interest varies from bank to bank and depends on various factors, including tenure. Because of their guaranteed return feature, FDs are considered the safest type of investment, and they are very popular among senior citizens. They have different…
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the…
A leading fund house with Rs 2.13 lakh crore AUM as of July 2025 revealed its top 10 holdings, led by HDFC Bank, ICICI Bank, Infosys, Axis Bank, RIL, ITC, SBI, TCS, Bharti Airtel, and L&T. Source link
Stocks to Track on August 11: Domestic equity benchmarks Nifty50 and Sensex plunged about one per cent each on Friday amid a broad-based sell-off, as investors weighed the potential impact of tariff changes on economies. The Sensex lost 765.5 points to end at 79,857.8 while the Nifty50 gave up 232.9 points to settle at 24,363.3, with financial…
ICICI Bank Update: India’s second-largest lender, ICICI Bank, has increased the monthly minimum average balance requirement for new savings account holders across all customer segments. Customers in metro and urban locations who opened their savings accounts on or after August 1 will now have to maintain a monthly average balance of Rs 50,000 to avoid…