News for The Karur Vysya Bank Limited (KARURVYSYA.NS)

The Senior Citizen Savings Scheme is risk-free and offers higher interest income and tax benefits under 80C, making it suitable especially for senior citizens seeking stable returns.

Financial Literacy News: With recent FD rate reductions, opportunities remain in special 444-day deposit schemes. Several banks, including ESAF Small Finance Bank, offer compe

Several public and private sector banks, including small finance banks, are offering attractive fixed deposit interest rates, particularly for a 444-day tenure. Senior citizens can earn up to 8.10%, despite many banks reducing FD rates after the RBI's repo rate cut. Investors should compare rates to secure the best returns, considering factors like premature withdrawal penalties and TDS implications.

Public sector banks balance retention and acquisition by waiving penal charges amid falling interest rates, risking dormant accounts.

RBI conducts 7-day VRRR auction to manage surplus liquidity, signaling active liquidity management and anchoring short-term rates.

Rupee gains against dollar as global crude oil prices fall, supported by Trump's announcement of Israel-Iran ceasefire.

Check out the latest fixed deposit interest rates offered by top private sector banks in the country, highlighting the best returns, ideal tenures, and safety considerations for cautious investors.

Following the anticipated CRR rate cut in September, banks are expected to increase their investments in short-term government securities due to muted credit demand and volatile bond yields. Banks will likely allocate a portion of the surplus liquidity into safer, short-duration instruments like treasury bills and short-term G-Secs to manage credit risk prudently.

State Bank of India (SBI) is set to implement significant changes for its credit cardholders starting July 15, 2025. These revisions include adjustments to the minimum amount due calculation and the order of payment settlement. Furthermore, complimentary air accident insurance coverage on several SBI and co-branded credit cards will be discontinued in July and August 2025.

The yields on the five-year and 10-year bonds jumped more than 20 basis points and six points respectively this week, reversing some declines in the current quarter. This came after the Reserve Bank of India (RBI) unexpectedly shifted its policy stance to neutral from accommodative last week, warning that it has “very limited space” left for further easing.

Indian market closed with a loss of over 1% for the week ended 13th June 2025. The Nifty50 closed below 25000 mark.The BSE Sensex fell more than 500 points on Friday while Nifty50 closed below 24,800 levels. Market Summary

Good news for home loan borrowers as Reserve Bank of India cuts repo rate. This move lowers home loan interest rates. Borrowers can expect reduced EMIs or shorter loan tenures. Many banks are revising their lending rates. Public and private sector banks offer varied interest rates. Borrowers should compare fees and processing times before deciding.

Sensex tanked 656.65 pts or 0.80% to 81,035.33 as at 1.30 pm after hitting a low of 80,354.59, and Nifty 50 depreciated 187.65 pts or 0.75% to 24,700.55

The Nifty Auto index was trading 0.99 per cent down at 23179.45.

Scoda Tubes, Synergy Green Ind, GRM Overseas, Karur Vysya Bank and Mindspace REIT, hit their fresh 52-week highs at 10:30AM.

Rekha Jhunjhunwalas March 2025 quarter stock additions outperformed the Sensex, with Nazara Technologies and Canara Bank delivering over 30% returns. Her portfolio reflects a diverse exposure across sectors, with 26 publicly held stocks worth over ₹41,570 crore.

Indian equities closed flat on Monday as IT and metal losses outweighed optimism from strong GDP data. Market consolidation persists amid global tariff worries and geopolitical tensions. Analysts highlight domestic resilience led by institutional flows and select sectors.

Buy now, pay later services in India are losing traction due to stricter regulations and credit quality concerns. Fintech companies like PayU and Paytm are shifting from BNPL to EMI-based lending. Banks and NBFCs are also becoming more cautious, focusing on risk management and compliance in unsecured consumer credit.

Private sector Karur Vysya Bank expects its credit growth to be more than 2% over the industry's overall growth during the current financial year, a top official said. The Tamil Nadu-based bank has lined up plans to open 28 new branches before the first half of the current financial year, particularly in Southern and Western parts of the country, the Bank's Managing Director and CEO, Ramesh Babu, said.