Try GOLD - Free
Depositors to earn less as banks cut FD, savings a/c interest rates
The New Indian Express Shivamogga
|April 15, 2025
Banks attempt to protect thinning margins
BANK customers, especially those who depend on interest income, will now earn less on their deposits as banks are reducing their rates on fixed deposits, as well as savings accounts.
The move comes after the RBI slashed interest rate for the second consecutive time by 25 basis points last week to 6%. Since February, repo rate has come down by 50 bps. The measure by the second-largest lender HDFC Bank over the weekend comes in its bid to protect the margin.
This story is from the April 15, 2025 edition of The New Indian Express Shivamogga.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Shivamogga
The New Indian Express Shivamogga
IS FACTOR INVESTING HERE TO STAY?
T a recent seminar where I was a speaker, I was asked whether I felt Factor Investing is here to stay.
2 mins
November 10, 2025
The New Indian Express Shivamogga
Israel recovers remains of soldier held since 2014
ISRAEL on Sunday received the remains of a hostage in Gaza which Hamas said were the body of an Israeli soldier who was killed in 2014 and held for 11 years.
1 min
November 10, 2025
The New Indian Express Shivamogga
Study links food ads to unhealthy eating in kids
A new multinational study has established a direct link between exposure to food marketing and unhealthy dietary choices among children and adolescents.
2 mins
November 10, 2025
The New Indian Express Shivamogga
‘Spiritual capital’: PM launches ₹8K-cr projects in U’khand on silver jubilee
PM Narendra Modi on Sunday hailed the Uttarakhand government’s “bold” steps on demographic change, uniform civil code (UCC) and illegal religious conversions, suggesting other states should emulate them.
1 min
November 10, 2025
The New Indian Express Shivamogga
RSS identified as a body of individuals, says Bhagwat
IN a veiled remark against Congress leaders criticising the RSS for operating without registration, the Sangh chief Mohan Bhagwat on Sunday said his organisation is recognised as a body of individuals.
1 mins
November 10, 2025
The New Indian Express Shivamogga
Tiger suspected to have killed farmer captured
FOREST officials captured a male tiger, aged around 12-13 years, in the Moleyur forest range of Sargur taluk late on Saturday night.
1 min
November 10, 2025
The New Indian Express Shivamogga
World runs out of excuses as UN's 30th climate conference kicks off in the Amazon
UTIOUS OPTIMISM
1 mins
November 10, 2025
The New Indian Express Shivamogga
SINGING OUR SOULS AWAKE
A new trend is reportedly rocking young India called ‘bhajan clubbing’, in which Gen Z gathers in various spaces for sessions of singing and dancing to remixed devotional songs.
4 mins
November 10, 2025
The New Indian Express Shivamogga
Vice Admiral Anil Jaggi appointed commandant of National Def Academy
THE National Defence Academy (NDA), Armed Forces' tri-services training institution, has got a new Commandant.
1 min
November 10, 2025
The New Indian Express Shivamogga
2 gangsters detained in Georgia, US
TWO wanted Haryana gangsters, Venkatesh Garg and Bhanu Rana, have been detained in Georgia and the United States, respectively, and are expected to be deported to India soon, a top police official told this newspaper.
1 min
November 10, 2025
Listen
Translate
Change font size