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Bank deposits News

13 Aug 2017

Saving deposit rate cuts to lead to lower lending rates: Report

eduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater competition among lenders, says a report.

05 Apr 2017

Fixed deposits score big over equities, MFs for investment: Sebi Survey

More than 95 percent Indian households prefer to park their money in bank deposits, while less than 10 percent opt for investing in mutual funds or stocks, a new Sebi survey showed Wednesday.

01 Mar 2017

Demonetisation to cut tax avoidance, corruption; credit positive: Moody's

Demonetisation will be credit positive for India as it is likely to reduce tax avoidance and corruption, Moody's Investors Service said on Wednesday.

Oriental Bank of Commerce

19 Feb 2017

OBC's business figure crosses Rs 3.59 lakh cr: Official

The total business figure of Oriental Bank of Commerce (OBC) has crossed Rs 3.59 lakh crore while the total bank deposits stood at Rs 2.10 lakh crores, as on December 31, 2016, a senior company official said on Sunday.

Income tax depaertment

31 Jan 2017

CBDT identifies 18 lakh people with suspicious deposits

The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.

29 Jan 2017

Rs 5,000 cr withdrawn from Jan Dhan a/cs in a month post note ban

Jan Dhan accounts have witnessed net withdrawal of Rs 5,582.83 crore since December 7, the day deposits in these accounts soared to all time high in the backdrop of demonetisation.

Reserve Bank of India

19 Jan 2017

Bank deposits up 0.64% in January 6 fortnight

According to the data released by the Reserve Bank of India, deposits in banks jumped by 0.64 percent in the fortnight to January 6 after falling in the previous 14 days.

19 Jan 2017

Cash deposits above Rs 10 lakh in bank account to come under I-T lens

The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

Deemonetisation

29 Dec 2016

Demonetisation: 60 lakh depositors parked Rs 7 lakh crore in banks since November 8

Since demonetisation decision was announced by the central government on November 8, 60 lakh depositors (individuals and companies) have parked Rs 7 lakh crore in banks.

16 Dec 2016

Demonetisation: Ten-fold jump in non-cash retail payments by 2025, says report

According to global financial services major Deutsche Bank, demonetisation is an immediate catalyst for the digital payments revolution.

27 Nov 2016

Rs 32,631 crore deposited in post offices since demonetisation

People have deposited a staggering Rs 32,631 crore in nearly 1.55 lakh post offices across the country following demonetisation of Rs 500/1000 currency notes.

22 Nov 2016

Government to distribute massive deposit bonanza to middle class, poor post demonetisation drive

The endless wait in long queues outside banks and ATMs, and hardships faced by common public due to cash crunch is not going to go down in vain.

19 Nov 2016

Demonetisation: I-T department issues notices to those depositing huge cash

Acting swiftly, the Income Tax department has issued hundreds of notices seeking "source" of funds from individuals and firms who have deposited huge amounts of cash in banks using the scrapped Rs 500 and Rs 1000 currency notes after November 8.

18 Nov 2016

Post-demonetisation, ICICI Bank got Rs 32,000 crore deposits: Chanda Kochhar

Top private sector lender ICICI Bank Friday said it has received deposits of Rs 32,000 crore after the November 8 demonetisation move.

rating agency ICRA

03 May 2016

Icra sees deposit growth inching up to 10-11% in FY17

Rating agency Icra has said bank deposit is going to see a modest growth of 10-11 percent in 2016-17 helped by realignment of small savings schemes but warned that there could likely be some redemption pressure of FCNR-B deposits maturing later in the year.

15 Sep 2015

Patels withdraw bank deposits, ban politicians' entry in villages

Intensifying their quota stir, residents of some Patel-community dominated villages in Gujarat are withdrawing their bank deposits with one cooperative bank reporting that about Rs 20 lakh was withdrawn in just one day.

29 May 2015

Banks' loans rose 10.2% year-on-year in two weeks to May 15: RBI

Indian banks` loans rose 10.2 percent in the two weeks to May 15 from a year earlier, while deposits rose 11.9 percent.

Scheduled commercial banks

27 May 2015

Bank credit grows at 10.16%; deposits up 11.85%: RBI

Scheduled commercial banks' credit grew at 10.16 percent to Rs 66,32,101 crore in the fortnight ended May 15, according to the Reserve Bank data.

23 Mar 2015

Bank of Baroda cuts deposit rate for a select maturity by 0.1%

State-owned Bank of Baroda (BoB) has revised downwards the interest rate for deposits below Rs 1 crore for a select maturity bracket.

30 Nov 2014

China launches draft rules for insurance of bank deposits

China on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates.

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