Kotak Mahindra Bank today said it has initiated a detailed reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation of Panchkula, following instructions from the civic body.In a statement, the spokesperson said that the Bank has examined records to confirm that all processes and documentation related to the Panchkula Municipality's account are in order and were handle as per norms.What has Kotak Mahindra Bank stated?“Following instructions from the Municipal Corporat ...

The Haryana Government has come across yet another fraud relating to fixed deposits at a Bank. This time the Government reportedly found discrepancy in the FDs aggregating about ₹150 crore placed by the Panchkula Municipal Corporation and the records at Kotak Mahindra Bank.The Tribune, in a report quoting sources, said the Panchkula MC had deposited the amount at the Kotak Mahindra Bank branch in Sector 11, Panchkula.“Recently, when officials approached the bank about the maturity of a fixed deposit (FD) wo ...

New India’s economic growth is driven by self-reliance and economic empowerment. As millions of young Indians enter the workforce, moving away from traditional employment and embracing diverse careers, many with entrepreneurial aspirations, promoting upskilling remains a focus area.Economic policies also emphasise youth-driven growth, with skill development as the cornerstone of “Atma Nirbhar Bharat.” Simplifying tax structures and streamlining compliance mechanisms are some initiatives the government has b ...

Bitcoin Price Prediction Points to $150,000 While Pepeto Offers the 100x Path BTC Cannot Deliver From $70,844 Morgan Stanley just filed to become the first major U.S. bank to issue its own Bitcoin ETF, and the filing happened while BTC trades 44% below its all time high with the Fear and Greed Index in single digits. Banks do not rush regulatory filings for assets they believe are finished.  But the bitcoin price prediction that matters most right now is not whether BTC reaches $150,000 in two years, it is ...

Bank of America CEO Brian Moynihan on Monday sent a letter to shareholders along with the firm's annual report that detailed the bank's history and its role in America's growth as the nation prepares to celebrate the 250th anniversary of the country's founding. Moynihan noted that Bank of America's oldest legacy institution, The Massachusetts Bank, was formed in 1784, just one year after the Revolutionary War concluded with the Treaty of Paris. The bank's depositors helped the firm grow by lending money to ...

A fixed deposit is a trusted way to maintain liquidity and earn an assured rate of return on the capital. Interest rates vary from one bank to another. Let's take a comprehensive look at the interest rates on offer today.–Bank<1 year1 to 2 years2 to 3 years3 to 5yearsw.e.fFOREIGN BANKSDBS Bank66.66.46.4Nov 14Deutsche Bank576.256.25Jul 25HSBC4.15.55.355.5Jul 17Standard Chartered5.756.66.56.5Aug 29INDIAN: PUBLIC SECTOR BANKSBank of Maharashtra5.256.655.255.25Jan 31Bank of Baroda66.66.56.4Jun 12Bank of India5. ...

Growth stood at 3.4% in February 2025. Aditi Nayar, chief economist at Of the eight core industries, cement recorded the strongest expansion, rising 9.3% year-on-year in February, though lower than January's 11.3%. Steel production grew 7.2%, easing from 11.5% in the month before.Live Events "Infrastructure push by the government has helped steel and cement," said Madan Sabnavis, chief economist at Bank of Baroda. Among energy-related industries, refinery products output declined 1% year-on-year in Februa ...

Anand Mahindra’s trade secret for hiring top leadership is disarmingly simple: a 90-minute, unstructured conversation. No scorecards, no preset questions—just an attempt to observe one thing: curiosity, and how a leader will behave when there are no scripts to follow, when no one is watching. At its core, Mahindra’s model links leadership, risk, and execution into a single system—one that allows the group to place early bets without losing strategic discipline.Mahindra outlined these ideas in a recent inter ...

In the long run, this may have an impact because if the situation persists, job cuts, layoffs and redundancies could increase in West Asia.Illustration: Dominic Xavier/RediffKey PointsIndia is a leading recipient of inward remittances.Sectors such as hospitality may be significantly affected.RBI shows that so far in FY26, Indians living abroad have sent over $107 billion.Remittances from West Asia in March rose sharply amid the conflict in the region, with industry insiders estimating inflows to be 20-30 pe ...

JN Bank plans to expand its network of ATMs across Jamaica to more than 200 by 2027. That’s a 40 per cent rise from the bank’s “140 ATMs” currently in operations islandwide, according to its website. “Cash recycling has helped us revolutionise our branch network so that we can focus on serving members, having conversations and being more consultative,” said Ricardo Dystant, JN Bank’s chief of digital transformation and special projects, in an international release seen by the Financial Gleaner. “We plan to ...