HDFC Bank, a private sector lender, has raised interest rates on fixed deposits of less than Rs 2 crore for selected tenors, with the higher rates taking effect from April 6, 2022. According to the bank’s website, HDFC Bank has increased its one-year FD interest rate by 10 basis points to 5.10 percent from 5 […]
HDFC Bank hikes FD interest rates of these tenures Read More »
Technological forces are not just changing the traditional business of finance but also posing challenges to the traditional centres of finance. RBI’s recent decision to open its Innovation Hub (RBIH) in Bengaluru marks a first step towards positioning the city as a financial centre of the future. In 2017, an RBI working group on finTech
RBI’s Innovation Hub in Bengaluru: A new financial centre for India Read More »
Wave off and Write off are generally confused to be one. But in reality , there is lots of difference between both. Banks are meant for our help. Loans they provide act as a crucial part of our day to day tasks. Home loans, vehicle loans , education loans and many more type of loans
Loan Write OFF or Wave OFF, Confused? Read More »
The much-awaited initial public offering (IPO) of SBI Cards and Payment Services Ltd, the credit card unit of India’s largest lender State Bank of India (SBI), is set to open for subscription next week on 2 March. The price band of the Rs 9,000-crore IPO has been set at Rs 750-755 per equity share, while
SBI Cards IPO to Open Next Week: Brokerages Give a Big Thumbs-up Read More »
Banks will remain closed for 13 days, out of the total 31 days in March 2020, on account of national holidays, weekly offs and regional holidays. As the major festival in March 2020 is Holi on 10th March, banks in most parts of India will be closed to observe it and some banks will remain
Banks To Remain Closed For 13 Days In March Read More »
The third quarter GDP numbers will be released today at 5.30 pm. Expectations of a recovery abound even as estimates show that the economy may not have bottomed out in the second quarter and that sluggishness may have persisted well into the third quarter. A few forecasts, however, predict that growth will pick up marginally
GDP Data Coming Today: Five Things To Look Out For In Q3 Growth Numbers Read More »
The Reserve Bank of India (RBI) is concerned about the fallout of the Supreme Court order on telecom dues and is watching developments in the industry closely, a senior official aware of the matter said. The central bank is worried that further tariff hikes, as sought by telecom operators, could be inflationary, a concern it
RBI Flags Risks To Banks, Inflation In Telecom Crisis Read More »
The Reserve Bank of India has ordered banks to link all their new floating rate loans to medium enterprises with an external benchmark. The apex bank’s circular in this regard stated that the direction will be effective from April 1, 2020. The new floating rate loans to small and micro enterprises are already linked with