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

State Bank of India (SBI) has revised interest rates offered on its fixed deposits (FD). The rates have been changed on select maturities for 1 year period to less than 2 year period

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%

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The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website

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

If you are a risk averse investor looking to park your surplus cash in FDs, but disappointed with low interest rates that public sector banks are offering, you must know there are ways to earn decent returns

The customers will now get 5.25 per cent interest on deposits up to one year, while those above one year will earn 5.7 per cent to 5.75 per cent

SBI FD interest rates for senior citizens have been slashed by 20 bps as well. For tenor 7 days to 45 days, State Bank of India has changed the rates from 4 per cent to 3.80 per cent, while it has been changed to 4.80 per cent from 5 per cent for 46 days to 179 days tenor

Following the reduction in rates, the one year MCLR will now come down to 7.25 per cent per annum from 7.40 per cent, with effect from May 10, 2020

Following the reduction in rates, SBI savings accounts with balances up to Rs 1 lakh will earn interest rate of 2.75 per cent per annum, down from 3 per cent

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

For the 1 year to less than 2 years, 2 years to less than 3 years, 3 years to less than 5 years and 5 years to up to 10 years tenors, the rates have been slashed by 10 bps