Currently, Manot is the Chief Investment Officer (CIO) at the SBI Mutual Fund, where he has worked for 12 years

HDFC Bank has cut the interest rate on deposits that would be maturing in one to two years. The interest rates for the rest of the tenures have remained unchanged

The one-year MCLR -- the benchmark for most consumer loans -- has been reduced by 0.05 per cent to 7.35 per cent from 7.40 per cent currently, Canara Bank said in a regulatory filing

PNB expects the credit growth to pick up marginally in the second half of the year. However, it would be less than 5 per cent for the entire fiscal

FD interest rates vary from bank to bank depending on their tenure, amount, and type of depositor. Thus, it is always advisable to compare them before investing

ICICI Bank is offering an interest rate of 6.55% to senior citizens when compared to 5.75% it offers to general public. HDFC Bank is giving additional 0.75% to senior citizens and offering FDs at 6.5%

Brokerage firm Kotak Institutional Equities expects HDFC to report a 21.30% dip in its profit on a 7.30% rise in net interest income (NII)

Indian Railways started running \"Shramik Special\" trains from May 1 to move migrant workers, pilgrims, tourists, students and other persons stranded at different places due to lockdown

Delhi weather update: A heatwave is when the maximum temperature reaches 40 degrees or more in plains and 30 degrees or more in hilly regions

The SBI was the first bank to announce a special FD scheme for senior citizens called SBI 'WECARE'. Similarly, HDFC Bank as well as ICICI Bank Bank have also come up with --HDFC Senior Citizen Care FD, and ICICI Bank Golden Years, respectively

Canara Bank has reduced its marginal cost of funds based lending rates (MCLR) on loans and advances across all tenors by up to 35 basis points across tenors, effective April 7

According to the latest revision, ICICI Bank tax-saver FD (max up to Rs 1.50 lakh) will now fetch 6.60% interest to general citizens and 7.10% interest to senior citizens

SBI cuts MCLR: After the cut, MCLR for three-year period has come down to 8.20 per cent from 8.25 per cent.

There are a few small finance banks that are offering interest rates higher than those in bigger banks in order to attract customers.

If the bank maintains its June quarter loan growth rate of 21 per cent in the ongoing quarter as well, which analysts see quite likely, it will race past the Rs 1-lakh-crore milestone by the month-end itself

New FD rates vary from 3.50 per cent to 7 per cent on deposits for general customers, depending upon investment and period of deposit

The rates start at 4 per cent to up to 7.50 per cent for senior citizens for deposits up to Rs 2 crore.

Investors who put their hard-earned money in traditional avenues such as gold and fixed deposits (FDs) are in a better position this year as compared to those who invested in equities and real-estate and mutual funds (MFs)

Federal Bank's net interest income (NII) rose 17.8 per cent to Rs 1,154 in April-June quarter of FY20; Other income surged 44.5 percent y-o-y to Rs 391.5 crore and operating profit jumped 30 percent to Rs 783 crore on yearly basis

According to PNB's official website, the bank has lowered the interest rate on maturities with tenure of 7-14 days and 15 to 29 days.