From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)PNB, Indian Bank up MCLRs; BoI increases term deposit rates
What's behind this
ITAT Delhi deleted a ₹3.08 lakh penalty on a salaried taxpayer who omitted ₹4.49 lakh in bank interest from his ITR, citing a bona‑fide omission and an improperly worded penalty notice under Section 270A.
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right · 2 outlets
Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing cost of deposits in the banking…
RSS excerpt
The interest rate changes come in the backdrop of the Reserve Bank of India’s rate-setting panel raising the policy repo rate by 25 basis points from 5.25 per cent to 5.50 per cent on October 07, 2026
