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The Latest Breaking News from AU Small Finance Bank

Nifty Bank tumbles 600 points; IndusInd Bank, Yes Bank, SBI and other stocks fall up to 3%. What lies ahead?

The Nifty Bank index plunged over 1% on Wednesday, tracking the broader market selloff, with the gauge falling 626 points to 53,089. AU Small Finance Bank and IndusInd Bank led losses, while most PSU and private lenders traded lower. Weak sentiment extended across markets as the Sensex dropped over 1,100…

The Economic Times

ICICI Bank, AU Small Finance Bank top picks as banking sector gears up for earnings revival

India's banking sector is poised for a strong earnings rebound. Profit growth is set to recover significantly over the next two years. Private lenders are expected to lead this growth. Deposit competition presents a near-term challenge. Asset quality risks appear manageable. The sector is transitioning to a differentiated growth narrative.

The Economic Times

FD rate up to 8% for senior citizens investing for three years; Know list of banks

Senior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offering this attractive rate for deposits up to Rs 3 crore. Investors should be aware of TDS rules and the option to submit Form 15H to avoid deductions if…

The Economic Times

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CBI files first chargesheet in Haryana Rs 504 crore fund diversion case

The CBI has filed its first chargesheet in a major corruption case. Fifteen individuals, including bank officials and Haryana government employees, are accused of misappropriating Rs 504 crore. The funds were allegedly siphoned off from government accounts through collusion. The investigation is ongoing, with more chargesheets expected soon. This probe…

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

CBI raids multiple locations in Haryana bank scam probe, seizes digital evidence

The Central Bureau of Investigation has conducted searches in Chandigarh and Panchkula concerning a Haryana bank scam. Financial records and digital evidence were seized. Officials from IDFC First Bank and AU Small Finance Bank allegedly colluded with Haryana government public servants to misappropriate funds. Sixteen individuals have been arrested as…

The Economic Times

Rs 40 lakh return from Rs 22,000 investment? How ‘Quantum AI’ scam is misusing Nirmala Sitharaman’s name to lure investors

Quantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quantum AI' investment scheme. It promises huge returns on small investments with zero risk and government guarantee.

The Economic Times

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Young Rajasthan athletes Muskaan, Gajendra Singh win medals at 19th National Youth Championship

JAIPUR: Promising Rajasthan athletes Muskaan and Gajendra Singh excelled at the 19th National Youth Athletics Championship 2024, held at Bilaspur, Chhattisgarh recently. Both Muskaan and Gajendra are part of AU SFB ‘Bano Champion’ CSR initiative that provides guided sports training to rural youth.

The Times of India

What is the MSCI India Index and why it matters

NEW DELHI: Global indices service provider MSCI had earlier this month announced a couple of inclusion and exclusion, along with changes in weightages of a few Indian stocks, which has influenced flows in these stocks. While it has added four stocks to its MSCI India index, namely Tata Elxsi, Adani…

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