A snapshot of personal loan rates offered by various banks with 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? CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case Pakistan, IMF fail to reach common ground on ...

Currency Impact: How investors can track the impact of currency on their portfolio? Tarun Birani explains [ad_1] “RBI moves at the time whenever you see there is a risk off environment building up in the globe. What we have seen, the dollar rising. At that point of time, normally central banks, RBIs increase the interest rate,” says Tarun Birani, TBNG ...

Fund pick: DSP Equity Opportunities Fund Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Ultra-rich Indians are now parking more money in gold: Knight Frank survey Jog, dance, ...

CRED UPI: CRED launches UPI peer-to-peer (P2P) payments: Important features [ad_1] CRED has launched services of UPI peer-to-peer (P2P) payments. The new payment method has been made available with the introduction of Scan & Pay, which enables users to “pay anywhere” via UPI. According to the CRED press release, “While UPI has created a revolution in digital payments with a ...

Fintech companies in talks to decide on rules for self-regulation Deeply influenced by the country’s ever-changing regulatory landscape, digital payment players are negotiating the formation of a self-regulatory organisation (SRO) to develop uniform rules and standards of operation for their industry, an Economic Times report said.   The Reserve Bank of India Governor Shaktikanta Das proposed the creation of ...

AU Small Finance Bank Video Banking: AU Small Finance Bank launches bill payments via video banking on Bharat Bill Payment System; How to use [ad_1] AU Small Finance Bank has become the country’s first commercial bank to connect with the Bharat Bill Payment System (BBPS) and deliver bill payment services via video banking, stated a press release from the bank. ...

New business premium of insurers drops 12% Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance Corporation (LIC) of India’s premiums, albeit on a high base. Data released by the Life Insurance Council shows the industry ...

repo rate: How long will the pause in RBI repo rate last? Is another 50 bps hike in the making? [ad_1] The first bi-monthly Monetary Policy Committee meeting for the financial year 2023-24 happened over a period of 3 days – April 3 to 6. The market was expecting a rate hike and to some extent, had priced in a ...

Members split on economic growth prospects All the external members of the Reserve Bank of India’s monetary policy committee (MPC) flagged risk of slowing growth, while the internal members seemed more sanguine about the growth prospects, the minutes of the monetary policy review meeting held earlier this month showed. All the members unanimously agreed to keep the repo rate ...

Home loan demand dips in December qtr as rate hikes pinch [ad_1] (This story originally appeared in on Apr 20, 2023) MUMBAI: Consumers have begun to feel the pinch of rising interest rates with home loan disbursals and demand dipping in the December quarter as compared to the previous year. Home loan disbursals decreased 6% in Q3 of FY23, while ...