Good interest rate must for success of gold scheme: Nomura

Last Updated: Friday, May 22, 2015, 18:59

At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

SBI extends overdraft facility against FD for online customers

Last Updated: Tuesday, May 19, 2015, 21:40

Country's largest lender State Bank of India Tuesday said it has extended overdraft facility against fixed deposit for its internet banking users.

China cuts interest rates for 3rd time in six months to revive economy

Last Updated: Sunday, May 10, 2015, 15:11

China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.

RBI holds 557.75 tonne gold; 20K tonne held by public: Govt

Last Updated: Tuesday, May 5, 2015, 21:01

The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.

RBI holds 557.75 tonne gold; 20k tonne held by public: Govt

Last Updated: Tuesday, May 5, 2015, 16:34

The Reserve Bank holds 557.75 tonne gold while over 20,000 tonne of the metal is held by the public in the country, Parliament was informed on Tuesday.

Trickle-down effect: Now, Bank of Baroda lowers deposit rates

Last Updated: Friday, April 24, 2015, 19:56

State-owned Bank of Baroda on Friday said it has slashed deposit rates in the range of 0.15-0.40 percent for various maturities in several brackets.

PNB cuts fixed deposit rates by 0.25%

Last Updated: Thursday, April 16, 2015, 22:18

State-owned Punjab National Bank Thursday reduced interest rate on fixed deposit by 0.25 percent on select maturities, a moves which is seen as precursor to cut in the lending rate.

Interoperable cash deposit machines may soon be reality: RBI

Last Updated: Thursday, April 16, 2015, 17:18

The Reserve Bank is looking at connecting all cash deposit machines to the National Financial Switch (NFS) which will make them interoperable and allow customers to deposit cash into their accounts from any bank's machine.

RBI nod for different rates on deposits with early withdrawal

Last Updated: Thursday, April 16, 2015, 17:06

The Reserve Bank Thursday allowed banks to offer differential interest rates on term deposits depending on whether they are with or without premature withdrawal facility.

Govt provides clarity on deposit-taking norms for private companies

Last Updated: Monday, March 30, 2015, 21:40

Amounts received by private firms from its members, directors or their relatives prior to April 1, 2014, would not considered as deposits under the new companies law, the government said today.