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Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has launched Systematic Deposit plan – a monthly savings plan, for those looking to invest in Fixed Deposit through small monthly savings. Starting at just Rs. 5000 per month, investors can reap the benefit of interest rates prevailing on the date of every monthly […]

New Delhi: India’s economy is forecast to grow 5% this fiscal, its slowest pace in 11 years, estimates released by the government on Tuesday showed, increasing pressure on finance minister Nirmala Sitharaman to announce measures to revive demand and boost investments in the upcoming budget. The projected growth rate of gross domestic product (GDP) in

The government is likely to cut spending for the current fiscal year by as much as Rs 2 lakh crore ($27.82 billion) as it faces one of the biggest tax shortfalls in recent years, three government sources said. Asia’s third largest economy, which is growing at its slowest pace in over six years because of

In a first, the Reserve Bank of India granted an “in-principle” approval to UP head-quartered multi-state urban co-operative bank (UCBs) -Shivalik Mercantile Co-operative Bank Limited- to transition into a Small Finance Bank Shivalik Mercantile Co-operative Bank, which has business operations in Uttar Pradesh, Uttarakhand and Madhya Pradesh has a total business size of Rs 1766

From this year, you would be paying no charges for bank transfers through NEFT (National Electronic Funds Transfer) or RTGS (Real-time Gross Settlement). The Reserve Bank of India (RBI) announced just after its July monetary policy review that processing charges levied on NEFT and RTGS transactions will not apply starting January 2020. But this news

With several bank employee unions deciding to join the all-India general strike or ‘Bharat Bandh’ on January 8, banking operations are likely to be affected on Wednesday. Ten central trade unions, with support from Left parties, have decided to sit on a strike to protest against the economic policies of the Narendra Modi government. Bank

While the official date of the merger of public sector banks is just a quarter away, some of the lenders getting merged are seeking a new name. According to a source, United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National

The new year 2020 will usher in several new rules for financial transactions cutting across debit cards, PAN cards, withdrawal of cash from ATMs and online transfers. From January 1, all old debit and ATM cards with a magnetic stripe will cease to work. This can be replaced with a new EMV chip debit card