Read More: What next for Bank Nifty after hitting fresh all-time high today? Credit growth may fall, deposits to improveīank Nifty hit a new all-time high of 44,486.35 on Tuesday – just a whisker above yesterday’s high – as market sentiment improved and analysts turned bullish on bank stocks. For investors primarily interested in taking exposure to the US technology sector, there are three things to look at – Nasdaq 100 index, FAANG stocks and the NYSE FANG+ index. NYSE FANG+ index is up by over 60% so far this year and has comfortably beaten the tech-heavy Nasdaq 100 by a wide margin. Read More: NYSE FANG+ index outperforms Nasdaq 100 by 100% so far this year Recently, a small finance bank announced a 9.6% interest rate on 5-year deposits to senior citizens and 9.1% for others. The interesting history of SBI Fixed Deposit interest rates deserves a relook as several banks have been increasing their interest rates while experts believe there is still room for some more hikes.
SBI Fixed Deposit interest rate history: While HDFC Bank is in the news for launching two special fixed deposit schemes with higher interest rates, there was a time when the State Bank of India (SBI) was offering over 10% FD interest rate to its customers.
