Deposits News

BofA reports that FCNR(B) deposits are emerging as a cheaper funding source for banks, and historical trends suggest that recent inflows may not fully reverse w

The Jagannath Temple reportedly holds nearly Rs 2,000 crore in deposits.

India received a record $127 billion under the FCNR window, with the RBI's dollar swap facility attracting a total of $136.4 billion by August 31. FCNR-B deposi

The PM Jan Dhan Yojana has completed 12 years, accumulating 59 crore accounts and ₹3.17 trillion in deposits. The scheme offers accounts with no minimum balance

The PM Jan Dhan Yojana has completed 12 years, with 59 crore bank accounts and total deposits of ₹3.17 lakh crore, and the average deposit per account has incre

The PM Jan-Dhan Yojana has completed 12 years, with official data showing a nearly fourfold increase in accounts to 59.09 crore and a twentyfold surge in deposi

Public sector banks are increasing their borrowing to meet rising credit demand, as their deposit growth lags behind lending expansion. This trend, while curren

Russians are withdrawing billions from banks due to fears that the Kremlin will seize deposits to fund the war, causing liquidity problems for banks and hinderi

Slice reported Q1 profits surpassing its FY26 earnings, as the company sharpens its focus on becoming a digital bank. This comes amidst reports of Slice explori

The RBI has stated that interest rates on deposits must be uniform, but has granted banks more flexibility for bulk deposits, allowing differential rates based

A surge in FCNR(B) inflows through a special window is expected to alleviate liquidity pressure on banks. This comes as revised liquidity coverage ratio (LCR) n

A regulator has proposed that data centers pay a fee of £237,500 to £712,500 per megawatt for upcoming projects to cover power demands.

HDFC Bank's board has imposed a Rs 1 lakh penalty on its MD, CFO, and Group Head, along with warning letters to other employees, for alleged payment of Rs 45 cr

Bank of India aims to raise $1.2 billion through FCNR (B) deposits and projects a 15-16% growth in global advances and 13-14% growth in deposits for 2026-27.

A Pune pensioner discovered her ₹33 lakh deposits had vanished while filing her taxes.

HDFC Bank reported a five percent rise in profits for the June quarter, driven by robust growth in net interest income and a fifteen percent increase in gross a

ICICI Bank's Q1 results are previewed, with net profit expected to rise by 3.1% year-on-year to ₹13,164 crore, while Net Interest Margins (NIMs) and asset quali

IDBI Bank has enhanced its FCNR offering, providing up to 16% effective annual returns and allowing customers to borrow up to 12 times their deposit amount thro

The Reserve Bank of India is investigating the slow pace of FCNR deposit inflows, with bankers explaining that such deposits typically take time to gain momentu

Union Bank of India reported a 27.5% increase in net profit to Rs 5,641 crore for the June quarter. The bank saw a rise in net interest income, improved margins

Fino Payments Bank shares hit a 20% upper circuit after a positive June business update, which included an 11% rise in deposits and increased loan referrals. De