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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
As of July 2022, more than 20 organisations have committed investment ₹ 255 crore (US$29 million) into the project such as UCO Bank, HDFC Bank. Bank of Baroda etc. [20] [21] HDFC Bank acquired 7.84% stake of ONDC. [22] In April, ONDC had received ₹157.5 crore for first stage of the project from 17 banks and financial institutions. [23]
Keeping your savings in a high-yield savings account is a wise decision. Here's how much money you can earn from interest with a $25,000 savings fund.
When it might be a good idea to keep $25,000 in your high-yield savings account High-yield savings accounts (HYSAs) are generally offered by online-only banks, and they feature higher interest ...
The SENSEX closed at 25,019.51, for its first close above the 25,000 milestone on 5 June 2014 [44] 26,000, 7 July 2014 - The SENSEX crossed record 26,000 level for the first time on 7 July 2014 and reached its peak of 26,123.55, before closing slightly lower at 26,100.08, in anticipation of strong reformatory budget by the new government.
Right now, you can earn 4.00% to 5.00% APY in a high-yield savings account, depending on where you bank. But over the past 50 years, the stock market's average annual return has been 10%.
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
If you keep $25,000 in an account with a steady 5.36%, you would earn $1,340 on your savings in a year. It's worth noting that since savings accounts have variable APYs, you might not earn 5.36% ...