Want to start a new FD this Diwali? These 4 banks offer up to 7.9% interest on fixed deposits; check list

Want to start a new FD this Diwali? These 4 banks offer up to 7.9% interest on fixed deposits; check list

If you want to make the most of the high interest rates that prevail in the current market, you may consider locking some of your savings into fixed deposits. Since equity markets are declining on foreign investors’ selling spree and Nifty50 is already 8 per cent down from its all-time high, parking your money in … Read more

These 7 banks offer highest interest rates on their 1-year-fixed deposits. Check list here

These 7 banks offer highest interest rates on their 1-year-fixed deposits. Check list here

Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet early financial goals. … Read more

Travelling abroad? Here are 3 zero-forex credit cards you can get for free

Travelling abroad? Here are 3 zero-forex credit cards you can get for free

One of the biggest challenges of international travel is the additional cost of foreign exchange (forex) markups. Whether you swipe a debit or credit card, you pay an extra 1.5-4% charge on every transaction. Even purchasing foreign currency in cash incurs a fee, not to mention the inconvenience of carrying large amounts of cash. When … Read more

Axis Securities reveals top 5 bank and NBFC stocks after Q4 results: ICICI, SBI, Nippon Life & more

Axis Securities reveals top 5 bank and NBFC stocks after Q4 results: ICICI, SBI, Nippon Life & more

Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more

Large-cap lenders vs mid-cap banks: Which ones should you pick for long term?

Large-cap lenders vs mid-cap banks: Which ones should you pick for long term?

Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the … Read more

Nifty Bank falls by 5,000 points; SBI, HDFC Bank, ICICI Bank among top laggards

Nifty Bank falls by 5,000 points; SBI, HDFC Bank, ICICI Bank among top laggards

Nifty Bank experienced an intraday decline of nearly 5,000 points or 10 per cent on Tuesday as investors made mincemeat of the markets following poll trends that indicated the INDIA alliance was fighting hard around half past noon against the exit polls that had handed the Bharatiya Janata Party (BJP) led NDA alliance a resounding … Read more

General Elections 2024: Private banks or public sector lenders – who will benefit more from Modi’s likely win?

General Elections 2024: Private banks or public sector lenders - who will benefit more from Modi's likely win?

Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit private banks or public sector … Read more

Federal Bank is Religare’s pick of the month for May, 13% upside seen at TP of ₹176; should you buy?

Federal Bank is Religare's pick of the month for May, 13% upside seen at TP of ₹176; should you buy?

Domestic brokerage firm Religare Broking has picked Federal Bank as its stock pick of the month for May 2024 with a potential upside seen around 13 per cent. Shares of Federal Bank were on an uptrend and gained one per cent today to hit an intra day high of ₹158.55 against a 52-week high of … Read more

RBI’s credit card curbs are a classic case of ‘prevention is better than cure’

RBI’s credit card curbs are a classic case of ‘prevention is better than cure’

The Indian economy has been doing well, with three consecutive quarters of 8%-plus growth so far in FY24. During this period, the banking sector’s credit growth has increased nearly 17% to ₹160 trillion, according to data from the Reserve Bank of India (RBI). Credit card debt has risen by 23% to ₹2.5 trillion, which is … Read more