Bajaj Finance hikes FD rates by up to 40 bps, duration 36-60 months Bajaj Finance, the lending arm of Bajaj Finserv, on Wednesday increased its fixed deposit (FD) rates by up to 40 basis points. Following the hike, 44 months special tenure for senior citizens will invite an interest rate of 8.60 per cent per annum. The ...

G20 DRRWG to discuss ways of managing disaster risk, financing in Mumbai The second meeting of the G20 Disaster Risk Reduction Working Group (DRRWG) will explore innovative ways of managing disaster risk and financing for sustainable development, officials said here. The meeting, scheduled between May 23-25 in the country’s commercial capital, will attract top government officials, industry experts, ...

Forex cards, travel cards fee should be settled in rupees, not in foreign currency: RBI [ad_1] The Reserve Bank of India (RBI) stated that the charges levied on forex prepaid cards, store value cards, and travel cards payable in India must be denominated and cleared in rupees. According to the RBI notification dated May 9, 2023: “A few Authorised Persons ...

Bad loan firms call for rule change to open up sector to new players Urban Co-op Bank profiles improve on bad loan dip, better profitability SBI personal banking loan book up Rs-5 trn mark, helped by digital push ‘Historical’ changes: Here is what the NCERT has dropped from text books Yes Bank completes transfer of $5.81 bn worth bad loans ...

Private sector banks post 9.7% decline in net profit Private sector banks reported a robust profile with healthy growth in net interest income (NII), credit offtake and reduction in provision burden for the fourth quarter ended March 2023 (Q4 of FY23). However, as a pack, their net profit declined by 9.7 per cent year-on-year (YoY) at Rs 25,317 crore ...

RBI asks citizens to settle fee, charges on forex prepaid cards in rupee The Reserve Bank of India (RBI) on Tuesday directed to settle fees and charges payable in India on forex prepaid cards, store value cards, and travel cards in the local currency, ie. Rupee. The central bank also stated, “The use of such cards is limited to ...

Increase in premium amount of life insurance a big concern for customers ‘Company does not keep in touch’ is cited as the potential reason for customers leaving, according to 22 per cent of the people, suggests the report

India’s economic growth prospects have brightened, says Fitch Ratings Global ratings agency Fitch reiterated its BBB- rating with a stable outlook on India’s long-term sovereign debt, saying that growth prospects have brightened as the private sector appears poised for stronger investment growth. This is on the back of improvement in corporate and bank balance sheets in the past few ...

credit card payments: Can’t manage your credit card payments? Seek help before it’s too late [ad_1] Arnav Pandya, Founder, Moneyeduschool, says a lot of credit card expenses are on the spot or on the spur of the moment expenses where people do not even think about it when they are making the spend. The credit card is like a convenience, ...

IPL | IPL flavoured Portfolio: IPL-flavoured portfolio: Smallcase manager Divam Sharma reveals his playing XI stocks [ad_1] With the IPL season in full swing, investors can’t help but draw analogies with cricket and Dalal Street. As part of a special series, we reached out to money managers to know how they pick their pinch hitters, whether they like specialists or ...