The State Bank of India (SBI), recently announced a potential increase in its marginal cost of funds-based lending rates (MCLR) by another 10-15 basis points (bps). This comes on the heels of a recent 10 bps hike implemented on June 15. The move signals that MCLR rates, which influence the cost of corporate loans, have not yet reached their peak. Here’s an in-depth look at what … [Read more...] about SBI Indicates Another 10-15 Basis Points MCLR Hike: What It Means for Borrowers and the Economy
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Union Bank of India Recruitment 2024: Check Post, Qualification, Age Limit, Salary, and Application Procedure
Union Bank of India has released a notification inviting applications for the position of Senior Analyst (Business Finance). Let's see a comprehensive overview of the recruitment details, including the post, qualifications, age limit, salary, and application procedure. Post Name and Vacancy Position: Senior Analyst (Business Finance) Union Bank of India is seeking a … [Read more...] about Union Bank of India Recruitment 2024: Check Post, Qualification, Age Limit, Salary, and Application Procedure
BOB Recruitment 2024: Notification Out for 620+ Vacancies – Check Posts, Age Limit, Salary, and Application Details
The Bank of Baroda (BOB) has announced its recruitment drive for 2024, seeking qualified candidates for over 620 positions. This blog post provides comprehensive details about the recruitment, including the available posts, age limits, salary packages, and the application process. Available Positions and Vacancies BOB is offering a total of 627 vacancies across a wide … [Read more...] about BOB Recruitment 2024: Notification Out for 620+ Vacancies – Check Posts, Age Limit, Salary, and Application Details
State Bank of India Hikes Fixed Deposit Interest Rates
The State Bank of India (SBI), recently announced a welcome change for its customers: an increase in fixed deposit (FD) interest rates! This is good news for anyone looking for a safe and secure way to grow their money. Let's delve into the details and see if an SBI FD might be the right fit for you. What Changed? Effective May 15, 2024, SBI increased interest rates for … [Read more...] about State Bank of India Hikes Fixed Deposit Interest Rates
Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
When we think about investing in our retirement, we face a multitude of questions. Which scheme is better? Which will give us better interest rates? Are we liable for any income tax benefits? Most of all, our goal is that our savings build on themselves, rather than just remain a lump sum amount. Today, we shall learn about one such revolutionary savings deposit scheme known as … [Read more...] about Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?