Banks including Axis, IDFC FIRST, and IndusInd are offering competitive fixed deposit rates around 7%.

The entities involved

• Axis Bank →

  Indian private sector bank

  • Axis Bank and Punjab National Bank are competing for high-yield deposits following recent RBI policy changes.Mon 15:42
  • The global oil market is reacting to US-Iran peace deal and Strait of Hormuz tensions, while Indian stock markets show mixed performance.Mon 08:34
• IDFC FIRST Bank →

  Indian banking company

  • IAS officer Pankaj Agarwal is implicated in a fund diversion scheme involving a bank branch in Chandigarh.Fri 21:36
  • CM Nayab Singh Saini approved specific banking changes affecting Bandhan Bank, IDFC FIRST Bank, Jana Small Finance Bank, and DCB Bank.Thu 23:56
• IndusInd Bank →

  Indian private sector bank

  • Samir Dewan has been appointed as the group chief executive officer of Bajaj Capital.Mon 09:35
  • Rajiv Anand, who previously served at Axis Bank, has been appointed as the Managing Director and CEO of IndusInd Bank, with the appointment approved by the Reserve Bank of India.Sun 13:07

Related events

• S&P Global Ratings issued a rating that supports international funding market access for IDFC FIRST Bank.Sep 9