Desk note · industry · NBFCs / savers
Non-bank lender Sundaram Finance raised interest on several fixed deposit tenures on 15 October 2026, with revised rates including up to 8% on select terms starting 16 October, as savers hunt yield after recent rate moves elsewhere in the system.
On 15 October 2026, Sundaram Finance Limited told depositors it would raise interest rates across multiple fixed deposit maturities. The new grid takes effect from 16 October 2026. Announcements highlighted higher payouts on one-year and other popular tenures, with promotional tables showing returns up to about 8% on certain combinations of tenure and customer category. Sundaram is among the established non-bank finance companies that fund vehicle and equipment loans partly through retail fixed deposits.
When the Reserve Bank of India keeps policy rates elevated, banks and NBFCs compete for household savings. A mid-sized financier lifting deposit rates signals it wants stable liability funding before the festive credit season. Savers who ladder FDs can compare Sundaram’s grid with public-sector banks, small finance banks, and senior-citizen specials. Higher promised yield usually comes with issuer credit risk, so readers should weigh ratings and deposit insurance limits, which differ from bank deposits.
If you park cash in FDs, rerun your comparison spreadsheet this week; a 25–50 basis point gap compounds over a one-year lock-in. If you borrow from Sundaram for a vehicle loan, funding costs may eventually feed pricing, though loan rates move on their own schedule. Watch whether other NBFCs match the hike, RBI liquidity operations, and any change in the company’s credit rating outlook.
Telecom / IPO
On 22 October 2026, exchange data showed Jio Platforms’ ₹30,213 crore issue had drawn about ₹3.73 lakh crore of total bids by late evening on Day 2, with the retail portion oversubscribed and market commentators citing diverted cash from other listed stocks during the book build.
SEBI / market infrastructure
On 22 October 2026, the Securities and Exchange Board of India proposed letting stock exchanges and depositories fund core-market and regulator-mandated initiatives without prior approval for each ticket, while keeping board oversight and financial safeguards and inviting comments until 12 November.
E-commerce / food delivery
On 22 October 2026, reporting said Flipkart is testing an internal food delivery product called Eat-in by Minutes with more than 8,000 employees in Bengaluru, using Ekart logistics as it prepares to compete with Zomato and Swiggy in meal delivery.
Digital trust / compliance
On 22 October 2026, eMudhra Ltd said its board will voluntarily withdraw from the global SSL/TLS certificate segment after a key-security incident on eight intermediate certificates, citing compliance cost and weak economics while stressing that other digital-trust services continue.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.