[ad_1] The government has raised concerns over the growing trend of households shifting their savings from traditional bank deposits to market-linked financial products such as equities and mutual funds in search of higher returns. In a written reply to Parliament, the Department of Financial Services cautioned that this shift could expose households to “significant market […]
RBI rate cut expected to benefit government fiscal but reduce returns for savers – CNBC TV18
[ad_1] The government’s borrowing costs are set to soften following the Reserve Bank of India’s (RBI) anticipated rate cut, government officials said. Somewhat lower interest rates are also likely for small savings schemes and bank deposits, as and how the savings instruments come up for renewals or a rate revision, officials indicate. Company Value Change […]
Will the 50 bps CRR cut drive banks to reduce deposit interest rates? – CNBC TV18
[ad_1] The recent decision by the Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) by 50 basis points (bps) has sparked a debate on its potential impact on deposit rates. The CRR cut, intended to address growth concerns, has been seen as a balancing act by the RBI. Company Value Change […]
Should you invest in fixed deposits now with RBI keeping repo rate unchanged? – CNBC TV18
[ad_1] The Reserve Bank of India’s recent decision to retain the repo rate has left investors pondering their next steps, particularly those considering fixed deposits as a safe and reliable investment option. With the RBI signalling stability in its monetary policy, it raises the question: Is now the right time to invest in fixed deposits […]
Here’s the impact of changing household savings dynamics in India – CNBC TV18
[ad_1] India has one of the highest households saving rates globally and how that savings is deployed can shape both markets and growth. Post the pandemic there has been two key shifts in household savings first has been the rise in physical savings and second, the change in allocation of financial savings. Physical savings (which […]
Bangladesh central bank restricts withdrawals from nine banks – CNBC TV18
[ad_1] People in Bangladesh will not be able to withdraw more than 1 crore Taka (the local currency) from nine banks other than the one that issued the cheque, reports said. On August 12, days after Nobel Laureate Muhammad Yunus was sworn in as the new Prime Minister, the Bangladesh central bank told all banks […]
FM Sitharaman calls for innovative deposit schemes to address banking imbalance – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman urged banks on Saturday to devise innovative and appealing schemes to boost deposit mobilisation. Speaking after the Reserve Bank of India’s board meeting, she said that deposits and lending are like two wheels of a cart, with deposits currently lagging behind. Sitharaman expressed concern over the slow growth in deposit […]