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Monday, February 27, 2023

First time in many years, fixed deposit rates turn positive at 8%

As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab & Sind Bank top the chart offering a cool 8-8.50 per cent per annum.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B8xTUn6

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...