Canara Bank has eliminated the average monthly balance requirement for all savings accounts, effective June 1, to attract deposits amid industry-wide challenges. The bank anticipates a revenue loss of a few hundred crores annually from waived penalties. However, it expects the move to encourage customers to invest in term and recurring deposits, providing an alternative to capital markets.
Global markets at an inflexion point: Q2 could reward patience over prediction
Global markets are shifting from a low-volatility regime due to geopolitical tensions and persistent inflation. As Q2 begins, investors face uncertainty regarding valuation sustainability in
April 4, 2026