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The Reserve Bank of India (RBI) said banks cannot discriminate between its depositors and has to give the same interest rate to all seeking to place money for a particular duration, if the deposit is below Rs1 crore. However, banks are free to
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Brokerages are of the view that the current interest rate scenario benefits relatively wholesale and term deposit-dependent banks like Yes Bank. They see the stock gaining over 18 per cent from the current market price (CMP) in the next one year. "
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Story continues below In the past fortnight, NAB has put the animal to work on depositors and there is a good chance some of the other majors will follow suit. When the Reserve Bank slashed official rates by 0.5 percentage points a few weeks ago, NAB
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February, 2012 RaboDirect brings six per cent back into savings market Celebrating six years in New Zealand, RaboDirect is pleased to confirm its current longer-term deposit rates are market leading, with its six per cent rate a record high in today'
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Quote of the day Prime Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani Tuesday, 15 November 2011 03:55 by Moiz Mannan Non-resident Indians (NRIs), particularly those with families back home, have some more reasons now to remit more money. The
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I have $260,000 from the sale of my house and planned on leaving it on term deposit while I look for a new property to buy. However, I am concerned that maybe I should withdraw the cash and keep it in a bank safe (ironically!) until I need it for the
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Is it just me or is there a misconception that renting is bad? A recent Herald article interviewed a couple who have just bought their first home in Onehunga. The woman stated, "We'll be 55 by the time we pay off the 30-year mortgage...Surely the
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A new generation of capital protection products is being developed that aims to overcome the issues investors experienced during the crisis, including a lack of flexibility. Van der Westhuyzen says there are fewer products around but what is now
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Unless the investment was bought more than 25 years ago, the taxman will want his cut when it's sold, writes George Cochrane. I owned a unit in joint names until his death 10 years ago, when I became sole owner...If the unit was bought after 1985 and
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Head of investment and pension research at the FIC George Ladds claimed that people who are applying for savings products on the internet seem to be going for longer-term options. In comparison, he stated individuals that head to the High Street to
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