Oriental Bank of Commerce slashes interest rates on fixed deposit

Offering the highest savings interest rates in the country, YES Bank is set to grow more aggressively in retail. Rana Kapoor, Managing Director and Chief Executive Officer, founded the bank along with late Ashok Kapur nearly a decade ago. Since ...

The Reserve Bank of India (RBI) cut rates for the third time this calendar year, which certainly bodes well for debt mutual funds (MFs). Monika Halan, editor, Mint Money, and Vivek Law, editor, Bloomberg TV India, give you a perspective at their ...

Fixed deposits (FD) are becoming popular investment among investors in the current interest regime. However, the actual return earned on a fixed deposit can be less that what is stated due to tax aspect attached to a FD. Financial expert Nitin Vyakaranam ...

LONDON--Xchanging PLC (XCH.LN), a global business processing and procurement company, said Wednesday it signed an agreement to sell its 51% share holding in Xchanging Transaction Bank GmbH and its holding company Xchanging etb GmbH, or XTB, to its ...

The higher interest rate comes at the cost of safety that a bank deposit offers. Shyamal Banerjee/Mint Also Read Last week, IDBI Bank Ltd cut interest rate on deposits of select maturity periods by 50 basis points. Analyst and bankers, however, say ...

State Bank of India has admitted that a human error in setting parameter in its system led to deduction of income tax or TDS @40% for FY13 from accounts of its special term deposit holders. SBI is in the process rectifying the issue, but not all ...

Conservative investors have long considered bank FD schemes as safe investments. But, in a falling interest rate scenario, banks may be the first ones to slash deposit rates. So, if falling bank deposit rates worry you, there are other options that ...

LONDON--The Royal Bank of Scotland Group PLC (RBS.LN), the bank 81% owned by the U.K. government, Thursday announced changes to its management team and board, saying that Bruce Van Saun, currently Finance Director, is to become Chairman and Chief ...

Recent change in the interest ratesThe loan rate has been curtailed with an outlook to stimulate the growth in financial system and provides a lifeline to the much troubled real estate sectors.