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bank deposit news

Ex-CEO of New India Co-Op Bank arrested in 122 crore embezzlement case

The former General Manager and Head of Account of New India Cooperative Bank has been booked by the Mumbai Police.
Updated on Feb 21, 2025 04:54 pm IST

Women hold 20.8% money in bank accounts, rural women hold more than urban women

Only 20.8% or around a fifth of the total amount of bank deposits in India belongs to women account holders (Representational Image/Pixabay)
Updated on Aug 17, 2024 12:35 pm IST

Banks to focus on increasing deposits as public seeks alternate investments: FM

Union Finance Minister Nirmala Sitharaman addresses the Central Board of Directors of the Reserve Bank of India in the customary post-Budget meeting, in New Delhi on Saturday. RBI Governor Shaktikanta Das also seen. (Shrikant Singh/ANI)
Published on Aug 10, 2024 07:44 pm IST

RBI unveils UDGAM portal to track unclaimed deposits. How to check status?

The RBI announced the launch of UDGAM (Unclaimed Deposits – Gateway to Access inforMation) as part of its statement on Development and Regulatory Policies
Updated on Aug 17, 2023 07:27 pm IST

RBI to set up portal for unclaimed deposits across bank accounts

Reserve Bank of India governor Shaktikanta Das. (PTI Photo)
Published on Apr 06, 2023 01:58 pm IST

Punjab National Bank cuts savings account interest

Punjab National Bank is the second-largest government-owned bank in India.
Published on Feb 05, 2022 10:01 am IST

Banks closed for 21 days in October, check detailed holiday list here

Banks will remain closed in India for 21 days on October. 
Updated on Sept 30, 2021 11:09 am IST

Why now is the right time to invest in FD

The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.
Updated on Feb 06, 2020 07:14 pm IST

Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: Nirmala Sitharaman

Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh and regulating multi-state cooperative banks.
Updated on Nov 15, 2019 07:42 pm IST

$1 billion pulled from Hong Kong hedge funds, most since 2009

The protests have already impacted other parts of the city’s financial system.
Updated on Oct 18, 2019 10:51 am IST

With no official nod for halal funds, money scams arise

Investors register their complaints against IMA (I Monetary Advisory) jewellery fraud at a temporary police post set up at Shivajinagar, in Bengaluru on June 12.
Updated on Jun 23, 2019 11:57 pm IST

The Union budget must incentivise long-term household savings

Man counting college savings fund, tuition fee or student loan with calculator. Education price and expenses concept. Money and papers on table. Calculating budget and planning finance.
Published on Jun 14, 2019 08:40 am IST

Private investment in infrastructure must go up

In addition to financial sector reforms, funding infrastructure through private sector participation needs reforms in the contracting mechanism.
Updated on Apr 12, 2019 09:59 am IST

RBI rate cut impact on your money

The central bank allowed banks to reckon an additional 2% of G-Sec within the mandatory SLR requirement.
Updated on Apr 08, 2019 11:30 am IST

600 Mumbai civic body plot holders may have to pay more to retain the land

Mumbai, India - June 4, 2018:Clear skyline at Elphinstone in Mumbai, India, on Monday, June 4, 2018. (Photo by Pramod Thakur/Hindustan Times)
Updated on Feb 01, 2019 07:09 am IST

Government may meet fiscal numbers this year: Report

The fiscal target is likely to pegged at 6.72 trillion or 3.2 percent of GDP next fiscal year, assuming a moderate nominal GDP growth of 11.7 percent, says a report.
Updated on Jan 30, 2019 08:48 pm IST

Opinion: Demonetisation failed even to create bank savings culture

Discontinued Indian currency notes of 1,000 denomination are seen after they were deposited by people at a bank in Bengaluru.
Updated on Sept 02, 2018 12:15 pm IST