Deposits
IDFC First Bank slashes savings account rates by up to 200 bps on select slabs
IDFC First Bank has reduced interest rates on savings accounts by up to 200 basis points, effective January 9. Balances between ₹1 lakh and ₹10 lakh will now earn 5%, while higher slabs see minimal changes. The move reflects banks' struggles to attract deposits amid rising credit growth.
1 min read8 Jan 2026Tight liquidity, deposit struggle pushes SBI to raise ₹6,000 cr via CDs at 6%
SBI’s rare move to raise ₹6,000 crore via certificates of deposit underscores tight liquidity and deposit stress, even as credit demand remains strong across the banking system.
3 min read8 Jan 2026RBI’s liquidity infusion: It may relieve the symptom but not the real problem that Indian banking must confront
To address liquidity tightness in India’s banking system, we need a proper diagnosis of what’s causing it, followed by remedial action. A temporary balm may just be glossing over a deep structural problem of bank deposits drying up.
2 min read26 Dec 2025RBI scraps plan to limit corporate current accounts to two big lenders
The RBI has withdrawn its restrictive proposal on current accounts for corporate borrowers after a pushback from private banks. The revised guidelines permit banks to offer accounts based on customer requirements, aiming to balance competition and improve monitoring of borrower cash flows.
2 min read11 Dec 2025Adventure deposits: A win-win-win proposition for India’s banking industry as interest rates decline
In an environment of low interest rates that reward borrowers and punish savers, perhaps banks should be allowed to innovate. Depositors lured by capital markets may be ready to put money in ‘adventure deposits’ that offer higher returns for bearing some risk. It could be a triple-win.
4 min read9 Dec 2025Heartburn at lenders as loan rates fall but deposit rates don't
Floating-rate loans are repriced immediately, while deposit rates are fixed, squeezing margins, public sector bank chiefs told RBI officials ahead of the 5 December policy outcome.
4 min read3 Dec 2025How a central bank move to slap down fund diversion split private, public sector banks
The RBI clampdown on current accounts has miffed private sector banks. They feel the move disadvantages them against PSBs, which are typically the biggest lenders in any consortium
4 min read11 Nov 2025Money saved with banks serve worthy purposes: Why deposits need a tax break
Bank deposits underpin much of India’s economic architecture—from part financing government budgets to priority-sector lending. Yet, interest income faces punitive taxation, pushing savers into riskier avenues of investment. It calls for a tax rethink.
4 min read5 Nov 2025No more disclosure overload: Reporting relief on the way for unlisted firms
Reliance Industries has dozens of unlisted companies. TCS has about seven in India. Preparing financial statements for the unlisted subsidiaries with the same rigour as for the listed parent takes time and effort. Now, ICAI is bringing in Ind AS (119), which will help them breathe easier.
4 min read30 Oct 2025Unclaimed fortunes: Why ₹1 trillion in investor money remains out of reach
Millions of investors may be walking past their own money—deposits, dividends, and insurance payouts—trapped in unclaimed accounts. Retrieving it is rarely simple, with legal hurdles, lost paperwork, and fragmented systems in the way.
5 min read14 Oct 2025Wait for it…
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