National · National
Small finance banks paid more for FCNR(B) deposits but captured less than 1% of inflows
Source: Business Today · 2 days ago
Summary
Small finance banks received a higher interest rate on FCNR(B) deposits but attracted less than one percent of the total funds raised in the recent mobilization drive. Most of the deposits went to universal banks, which have larger operations, a wider range of products, and established overseas networks.
AI-generated summary. Verify important details at the source.
From the original report
SFBs accounted for less than 1% of total FCNR(B) deposits mobilised during the recent deposit mobilisation drive, with universal banks benefiting from their larger scale, broader product offerings and established overseas franchises.
Excerpt from Business Today.
ScanSeva shows summaries and short excerpts only and always links to the original publisher.
More like this
National · National
Dollar holds near 18-month high as geopolitical risks rise
The U.S. dollar slipped slightly against the yen, trading at about 158.44 yen after Japan’s wholesale price data showed a 6.8% year‑over‑year rise, which was lower than analysts had expected. This movement comes as the dollar remains near its strongest level in 18 months amid growing geopolitical tensions.
Livemint · 4 hr ago
National · National
Asian stocks dive as focus on earnings, geopolitics
Asian stock markets dropped sharply, with technology shares leading the decline. Higher oil prices from the expanding Middle‑East conflict helped lift the dollar, adding pressure to the markets as investors head into the earnings season.
Livemint · 4 hr ago
National · National
‘Held detailed review, will return with new strategy’: CJP's Ashutosh Ranka amid anti-EC stir
Ashutosh Ranka, a leader of the CJP, said he was detained following a protest call on October 10 and experienced alleged police brutality. He explained that the organization has completed a detailed review of the incident and will come back with a new strategy, but it will not take part in the opposition’s actions.
Hindustan Times · 4 hr ago
National · National
Stock Market Today: Gift Nifty, Inflation To Tech Stocks Selloff; Five Key Factors For Sensex, Nifty 50 On Oct 13
Asian markets fell and the U.S. stock market closed with mixed results as technology shares dropped. Crude oil prices slipped after having risen by more than $2 per barrel the day before.
NDTV Profit (Feedburner) · 4 hr ago
National · National
Stocks To Watch Today: HCLTech, Nazara Tech, RBL Bank, Ircon, Sun Pharma & More
The article lists several companies whose shares are expected to attract attention in the upcoming trading session, including HCLTech, Nazara Tech, RBL Bank, Ircon and Sun Pharma. It highlights these stocks as the main focus for investors on that day.
NDTV Profit (Feedburner) · 4 hr ago
National · National
HD Fire Protect IPO Day 1 Subscription: GMP, Price Band, Expected Listing Gains And Other Details
The HD Fire Protect initial public offering has set its price range between Rs 258 and Rs 271 per share, with each lot consisting of 55 shares. Retail investors applying at the top of the band must invest at least Rs 14,905 for one lot. The shares are slated to begin trading on both the BSE and NSE on October 21, 2026.
NDTV Profit (Feedburner) · 4 hr ago