Business

SBI (State Bank of India) offers several savings schemes under its personal banking portfolio. It offers annuity deposit scheme, which is a type of fixed deposit (FD) or term deposit. SBI's scheme enables the depositor to pay a one-time lump sum amount and receive the

Lending major SBI said it will link key pricing decision for savings bank deposits and short term loans to the repo rate of the RBI.

According to the lending major, the step is in order to address the concern of rigidities in the balance sheet structure and for quick transmission of changes in RBI's

Lenders across the country offer the facility of opening a regular savings account with a certain interest rate.  A savings account is a basic account that keeps customers' money safe and helps them grow their savings moderately. State-run SBI currently offers 3.5 per cent interest rate on balance up to Rs. 1 crore in its savings bank accounts -

The build-up to the general elections and global growth concerns along with macro-economic data points are expected to influence the domestic equity market during the upcoming week.

Market observers pointed out that other factors such as stock-specific

The bankruptcy court on Friday approved global steel giant ArcelorMittal SA's bid for debt-ridden Essar Steel, potentially ending months of court battles and opening the country's steel industry to outsiders.

ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel

According to an annual report by market regulator SEBI (Securities and Exchange Board of India), 7.7 million investor portfolios were added to the country's securities market during 2016-17. Domestic investment is now more important than foreign portfolio investment, leading to greater liquidity in Indian capital markets. This has led to an

"Government is closely" monitoring the situation at Jet Airways even as negotiations to save the financially beleaguered airline continue, Union Minister Suresh Prabhu said in an interview.

The government's stand assumes significance as lenders negotiate with key stakeholders of the airline to take forward the proposal to convert a part

Mutual funds witnessed an outflow of Rs 20,083 crore in February against an inflow of Rs 65,439 crore in January, according to a data from the Association of Mutual Funds in India (AMFI).

Liquid or money market contributed to the largest chunk of the outflow. It saw an outflow of Rs 24,509 crore

Domestic equity benchmarks snapped their four-day winning streak dragged by weakness in information technology, metal and capital goods shares. The S-P BSE Sensex fell 0.15 per cent or 54 points to close at 36,671 and the NSE Nifty 50 Index dropped 0.21 per cent or 23 points to end at 11,035. The benchmarks opened on a weak note mirroring weak

India Post or Department of Posts, which runs postal services in the country, also offers banking facilities. It offers nine types of small saving schemes - Post Office Savings Account, 5-Year Post Office Recurring Deposit Account (RD), Post Office Time Deposit Account

IT major Wipro Limited said on Friday that its promoter Azim Premji Trust has sold 2.66 crore equity shares in a block deal on the Bombay Stock Exchange (BSE).

However, it did not mention further details of the transaction. Reports had earlier suggested that Azim Premji Trust, the philanthropic arm of Wipro, was looking at

FLY Leasing Ltd has grounded three planes on lease to Jet Airways Ltd and will take them back and redeploy them elsewhere if the airline cannot gain approvals for a restructuring plan this month, the lessor's CEO said.

Jet Airways on Thursday said another three aircraft had been

State Bank of India (SBI) offers the option of opening a senior citizen savings scheme (SCSS) - an investment avenue that helps in generating wealth for a successful retirement life. According to SBI's website- sbi.co.in, a depositor can open the SCSS

Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India, while China saw improved appetite for jewellery.

In India, the world's second biggest consumer of the

State Bank of India (SBI) offers home loans at interest rates starting from 8.75 per cent per annum for loans up to Rs 30 lakh, according to its website homeloans.sbi. Home loan is a product, where customers take loan to buy or renovate house against the same

Gold prices drifted lower by Rs 100 to Rs 33,170 per 10 grams at the bullion market on Saturday in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Easing demand from local jewellers as well as retailers at the

Credit cards offered by various banks are a useful option for individuals to meet their financial needs. However, misuse of credit cards by non-payment or late payment of dues can have negative consequences on the credit worthiness of an individual. Banks

The stock market scam of 1992 is considered one of the worst violations of ethics in the Indian financial industry. Retail investors lost money after the market was manipulated, and it subsequently lost 72 percent of its value. Despite serious consequences and convictions, a similar fraud in which bank and promoter funds were used to manipulate

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 1,199 and Rs 4,999 respectively in a limited-period sale, according to airline's website - goair.in. Bookings under the sale - valid for travel till

Rupee snaps 3-day winning streak, drops 14 paise to 70.14 against USDHalting its three-day winning run, the rupee on Friday edged lower by 14 paise to close at 70.14 to the dollar in line with fall in domestic equities market. On a weekly basis, however, the

Domestic stock markets started Friday's session on a lower note tracking weakness in Asian peers amid global growth concerns. The Sensex fell as much as 114.95 points to 36,610.47 in early trade, and the Nifty moved to 11,009.60, down 48.6 points from the previous close. Selling in IT and metal

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit (FD) account, money can be invested for a higher rate of interest than savings accounts. According

Reliance Industries plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said.

The expansion, which has not been

In the recent privatisation bid for six Airports Authority of India (AAI)-run airports in major state capitals, which was won by ports major Adani Enterprises, the government for the first time received bids from foreign fund managers, Board Member (Finance) S Suresh has told

Vistara has announced Dibrugarh as its twenty fourth destination, according to the airline's official website- airvistara.com. The carrier will operate its daily direct flights between Dibrugarh and Bagdogra, effective from April 3, 2019 at a

The Enforcement Directorate (ED) is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of the country's laws, a senior directorate source told Reuters on Thursday.

The Enforcement Directorate has been looking into both the companies and the scope of the investigation is much broader than the

Jet Airways Ltd said on Thursday it grounded three more aircraft as it failed to make payments to its lessors, taking the tally of planes hit by the defaults to 28.

With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

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The Reserve Bank on Friday said it has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks for non-compliance with various directions on time-bound implementation and strengthening of SWIFT operations.

SWIFT is a global messaging

Snapping its downward trend, gold prices witnessed a rise of Rs 200 to Rs 33,270 per 10 grams at the bullion market on Friday in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Fresh buying from jewellers

Gold prices on Thursday declined by Rs 360 to Rs 33,070 per 10 grams at the bullion market in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. That marked the sixth straight session of losses. On Wednesday,