Bank Deposits
Latest news, results and stock-moving updates on Bank Deposits. Tracking 2 stories on Arth Vani.
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Latest on Bank Deposits
BreakingSBI Research Proposes Tax Relief for Savings Account Interest to Rival Equities
SBI Research has suggested providing tax relief on savings account interest to create a level playing field with equity investments. This proposal aims to make traditional bank deposits more appealing to savers, amidst ongoing discussions about potential tax benefits for long-term equity gains.
RBI Directs Rating Agencies: Stop Citing RBI for Bank Deposit Ratings
The Reserve Bank of India (RBI) has instructed credit rating agencies to stop identifying it as the regulator overseeing bank deposits in their ratings. This move could lead to rating agencies ceasing the evaluation of bank deposits altogether, potentially impacting how retail depositors perceive bank stability.
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