http://www.rupeetimes.com/news_advice/fixed_deposits Fixed Deposits News & Advice from rupeetimes.com (C) 2007 rupeetimes.com Mon, 01 Dec 2008 10:30:16 +0530 Private lender, HDFC Bank does not follow the PSU banks on reducing its benchmark lending rate or PLR. The bank refused to cut interest rates till the time its cost of funds come down.HDFC Chairman Mr Deepak Parekh said: "Cost of funds is still high. So once it comes down, we will reduce interest ra... http://www.rupeetimes.com/news/fixed_deposits/hfdc_bank_lending_rates_to_remain_unchanged_for_the_time_being_1899.html 12345678901899 Mon, 01 Dec 2008 09:56:22 +0530 Fixed deposits offered by the banks are likely to see a reduction in the interest rates from the next month. In fact some banks have declared a cut in the deposit rates of these safe instruments.State Bank of India, country's largest bank has lately announced a reduction of 50 and 25 basis points on... http://www.rupeetimes.com/news/fixed_deposits/banks_fds_to_offer_lower_interest_rates_1896.html 12345678901896 Fri, 28 Nov 2008 10:53:18 +0530 State-run, Punjab National Bank (PNB) has declared yet another cut in its benchmark prime lending rate (BPLR). In its board meeting held on November 26th, PNB has announced a 100 basis cut in the BPLR from 13.5% to 12.5%.Earlier on October 31st, PNB had cut the PLR by 50 basis points. "Since interes... http://www.rupeetimes.com/news/fixed_deposits/pnb_cuts_its_plr_to_125_1891.html 12345678901891 Thu, 27 Nov 2008 11:50:00 +0530 India's commercial banks are been directed by the Reserve Bank of India to be a little easygoing at this time of slowdown. RBI asks banks to find an alternative way of their loan restructuring. The banks are currently terming the accounts of customers who are unable to make their interest payments f... http://www.rupeetimes.com/news/fixed_deposits/rbi_be_lenient_at_times_of_slowdown_1888.html 12345678901888 Wed, 26 Nov 2008 10:43:02 +0530 Retail depositors beat bulk depositors in the race of interest rate earnings. Some public sector banks are offering better interest rates on retail deposits as compared to the bulk deposits. Banks have cut the bulk deposit rate without touching the interest rates on retail deposits.The one year bulk... http://www.rupeetimes.com/news/fixed_deposits/retail_deposits_earn_higher_interest_rate_to_bulk_deposits_1882.html 12345678901882 Wed, 26 Nov 2008 10:33:23 +0530 Non-Resident Indian (NRI) deposits in some leading public sector banks in Gujarat are seen to have increased immensely at this time of financial crisis.Chief General Manager, State Bank of India (SBI), Gujarat, H C Pattnaik said, "In the current fiscal till October, total NRI deposits in our branche... http://www.rupeetimes.com/news/fixed_deposits/psu_banks_in_gujarat_witness_robust_nri_deposits_1881.html 12345678901881 Fri, 21 Nov 2008 10:56:30 +0530 Public Sector, Canara Bank follows several other banks on revising up the interest rates of FCNR (B) and NRE term deposits.The bank has raised the interest rate on FCNR (B) deposits in various currency denominations. The different currency deposits with maturity ranging between one year and less tha... http://www.rupeetimes.com/news/fixed_deposits/canara_bank_announces_an_increase_in_fcnr_nre_deposit_rates_1867.html 12345678901867 Wed, 19 Nov 2008 10:19:41 +0530 With the view to attract foreign currency into the country, most banks have raised their NRI deposit rates by 75 basis points. The decision comes from RBI's move to increase ceiling on interest rate of foreign currency non-resident (FCNR) deposits by 75 basis points. The regulator has raised this ra... http://www.rupeetimes.com/news/fixed_deposits/nri_deposit_rates_raised_by_most_banks_1854.html 12345678901854 Tue, 18 Nov 2008 09:59:10 +0530 The short term deposits of banks are seeing a rise as most investors are turning back to park funds in fixed deposits. These deposits are deposits with maturity ranging between 3 and 6 months. There is around 40%-50% growth in fixed deposit with shorter tenure.Investors earlier parked these funds wi... http://www.rupeetimes.com/news/fixed_deposits/market_instability_raises_banks_shortterm_fixed_deposits_1850.html 12345678901850 Thu, 13 Nov 2008 11:02:22 +0530 Singapore based, DBS Banks announces a hike of 100 to 125 basis points in its Domestic and Non Resident Ordinary (NRO) fixed deposits rates.The bank has increased the interest rate for fixed deposits maturing in between 181 days to one year to 10.75% against 9.5% earlier. Similarly the rates for one... http://www.rupeetimes.com/news/fixed_deposits/dbs_bank_increases_interest_rate_on_fixed_deposits_1838.html 12345678901838