Bandhan Bank Raises Fixed Deposit Rates by Up to 20 Basis Points

30 Jun 2026 CW Team

Bandhan Bank said it has raised its fixed deposit (FD) rates by 20 basis points (bps) on select tenors, increasing rates for the two- to three-year tenor to seven point nine five per cent for senior citizens and seven point four five per cent for others. The move reflects the lender's assessment of funding needs and market conditions.

For the three- to five-year bucket the bank raised rates to seven point seven five per cent for senior citizens and seven point two five per cent for other depositors, representing a broad upward adjustment in medium-term yields. The revision aims to attract longer-tenor retail deposits and strengthen the bank's liability profile.

The change comes as the six-member Monetary Policy Committee of the Reserve Bank of India (RBI) has held the repo rate at five point two five per cent for a third consecutive meeting, and banks are reassessing pricing amid slower deposit mobilisation. The change reflects wider market moves as institutions balance lending growth with deposit mobilisation.

Deposits have become a sharper focus as the credit-deposit growth gap widened to over 500 basis points, prompting lenders to compete more aggressively for retail savings. The pressure to mobilise funds has led multiple banks to refresh product offerings and lift term deposit yields.

State-owned Bank of Baroda last week launched a retail term deposit called the bob Golden Goal Deposit Scheme offering rates up to seven point four per cent per annum on tenures of 555 days for retail deposits below Rs 30 million (mn). The scheme sets separate callable and non-callable rates for the general public, resident senior citizens and resident super senior citizens aged eighty years and above.

Real Estate

22 Jul 2026

Gaur City Mall Records Rs 100 Crore Monthly Sales in FY26

Gaur City Mall recorded monthly retail sales of more than Rs 100 crore consistently during FY 2025-26, strengthening its position as a leading retail and lifestyle destination in North India.The milestone was announced as the mall marked its seventh anniversary with ‘The Billion Celebration’, recognising its growth alongside retail partners, shoppers and other stakeholders.Spread across 8 lakh sq ft, the mall forms part of the larger Gaur City Township and was developed to provide shopping, entertainment and community facilities for residents. It has since expanded its reach beyond the tow..

Mollo Noleggio Climbs 17 Places in Global IRN 100 Ranking

Mollo Noleggio has secured a place in the IRN 100 ranking for the second consecutive year, climbing 17 positions compared with the previous edition.Compiled annually by International Rental News, the official magazine of the European Rental Association, the ranking lists the world’s 100 largest vehicle and equipment rental companies by turnover.Mollo Noleggio entered the ranking for the first time in 2025, becoming the first Italian company specialising exclusively in rental services to be included. Its improved position reflects the company’s continued growth and expanding presence in the..

Manglam Group Launches Rs 1,000 Cr PinkWest in West Jaipur

Manglam Group has launched PinkWest, a Rs 1,000 crore integrated commercial development on the Jaipur–Ajmer Highway in West Jaipur. The project has already achieved over Rs 300 crore in sales, reflecting strong investor interest in the city's emerging commercial corridor.Spread across nearly 13 lakh sq ft, PinkWest is being developed as a mixed-use destination featuring retail, office spaces, hospitality, dining, entertainment and lifestyle offerings. The project is expected to generate a development value of around Rs 1,500 crore upon completion, which is targeted for 2029, subject to const..