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

21 Jul 2026

ANDPL launches AI assistant for Dharavi residents

Adani Navbharat Developers (ANDPL), the special purpose vehicle implementing the Dharavi Redevelopment Project (DRP), has launched Dharavi Didi, a 24x7 AI-powered digital assistant to provide residents with official information on the redevelopment programme.Accessible through video calls, voice calls and WhatsApp, the platform enables residents to obtain information on surveys, eligibility, documentation, rehabilitation and project updates in Hindi, Marathi and English. Support for Tamil, Telugu and Gujarati is planned in the coming months.According to ANDPL, the initiative is intended to imp..

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..