The Employees' Provident Fund Organisation's decision to hike interest rate to 8.65% brings cheer to its over six crore subscribers.

India will stop its share of Indus water to Pakistan, says Nitin GadkariA day after threatening to choke Pakistan's water supply, Union Minister Nitin Gadkari on Thursday said the Centre was planning to build projects on three rivers flowing into the belligerent neighbour, to divert water towards Yamuna.Under the Indus Waters Treaty, India shares water of the Beas and Sutlej rivers with Pakistan. Gadkari later took to Twitter to confirm the upcoming projects that would help divert water towar...

The meeting, attended by heads of Punjab National Bank, Bank of Baroda, Bank of India, Bank of India, ICICI Bank, Kotak Mahindra Bank and IDFC First Bank, focused only on effective transmission of monetary policy.

The proposal got the nod from Bihar's cabinet on Monday and will entail an additional burden of Rs 436 crore for the state.

While the leading banks such as SBI, ICICI Bank and HDFC Bank don't go higher than 7.5%, a few smaller players are offering fixed deposit (FD) interest rates above 8% on select tenors, going up to 9%.

The Employees' Provident Fund Organization (EPFO) Thursday hiked the Employees' Provident Fund (EPF) rate to 8.65 per cent for 2018-19 from 8.55 per cent last year

The 30-share BSE Sensex tumbled 310.51 points, or 0.87 per cent to finish at 35,498.44, while the broader NSE Nifty fell 83.45 points, or 0.78 per cent, to 10,640.95.

Speaking to media after RBI's central board meet, Governor Shaktikanta Das said that the transmission of its monetary policy decisions is important and will be discussed with the public and private sector CEOs

According to Kumar, it was not possible to cut deposit rates as other banks were currently offering significantly higher interest rates on deposits and these would need to get slashed first in order for State Bank of India to react.