
If you have a large sum of money in a savings account and want to get better return than the 2.5-3% offered by banks, move it to a fixed deposit

The group will issue different types of Debt instruments worth 1.07 lakh crore rupees to investors

Currently, SBI holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly-owned subsidiary, Amundi India Holding

Some relief for savers may be in store; borrowers may have shell out more

Cash in circulation remains same the in Diwali week of both 2020 and 2021.

One can get a loan between Rs 50,000 and Rs 50 lakh from the bank very quickly.

In 2020, there were 14.7 bank branches for every 100,000 adults, which is more than Germany, China, and South Africa

State Bank of India and HDFC Bank are offering only 5.80% interest on FDs for the same tenure.

The bank's net profit on a standalone basis increased by 67% to Rs 6,504 crore as compared to Rs 4,574.16 crore

The programme was aimed at improving access to funds during the festive season