Earlier this week, HDFC Bank also reduced its savings interest rate by 25 bps, bringing it to 2.75% for balances under Rs 50 lakh. This marks HDFC’s first savings rate cut in five years. The State Bank of India (SBI) has already been offering 2.7% for balances under Rs 10 crore since October 2022.
Rare earth magnet bottleneck threatens Bajaj Auto’s EV output; Q4 profit rises 6% amid strong domestic demand
Bajaj Auto is facing potential electric scooter production disruptions starting in July due to China’s restrictions on rare earth magnet exports, a critical component for