HDFC Bank services: These HDFC Bank services will not be available on these days due to scheduled downtime [ad_1] HDFC Bank has informed its customers, via email, that due to a scheduled downtime for necessary system maintenance and upgrades , certain services won’t be available. According to the HDFC Bank email sent to customers, “As part of our ongoing commitment ...

Not a merger with Sahara Life, just transfer of policyholders: SBI Life SBI Life, a subsidiary of country’s biggest lender State Bank of India (SBI), has said it is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance. On Friday regulator Irdai directed SBI Life ...

How you can minimise the impact of 20% TCS on foreign trips Your international trips are about to get a tad more expensive and cumbersome from July as every dollar now spent abroad will incur a 20 per cent tax collected at source (TCS). International credit cards will no longer be exempted from this regulation. While you can claim a ...

RBI releases draft on cyber resilience, digital payment security controls According to the RBI’s release, the central bank has invited feedback from the shareholders on the same

Irdai asks SBI Life to acquire Sahara India’s Life Insurance business Regulator Irdai on Friday directed SBI Life Insurance Company to take over the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co. Ltd (SILIC) with immediate effect. The decision was taken at the meeting of the Insurance Regulatory and Development ...

A snapshot of new car loan offered by various firms with other details SBI personal banking loan book up Rs-5 trn mark, helped by digital push How have the home loan EMIs changed since RBI’s repo rate hike in May 2022? Chinese EV brands expand to global markets as they offer lower prices Fixed or floating rate? Choose floating-rate car ...

SBI Life to take over 200,000 policies of Sahara India Life Insurance The Insurance Regulatory & Development Authority of India (Irdai) has identified SBI Life Insurance to take over liabilities of about 200,000 policies of Sahara India Life Insurance (SILIC) as the latter failed to comply with regulatory directions, amid deteriorating financial health after being put under restrictions in ...

RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies in regulatory compliance. The fine is imposed for contravention of the provisions of certain directions issued by RBI on ‘Prudential Norms ...

RBI announces draft cyber security norms for payment system operators In a move to ensure safety and security of digital payments amid emerging cyber risks, the Reserve Bank of India (RBI) on Friday announced draft regulations for payment system operators (PSOs). It proposed that such norms would be implemented from April 1, 2024, for large non-bank-PSOs. For medium-sized non-bank ...

BRICS pitches for using local currencies in international transactions The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, ...