RBI grants AU Small Finance Bank permission to deal with foreign exchange AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India vide its letter dated April 19, 2023 has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of ...

Karur Vysya Bank hands over EVs, RO plant to TTD under ESG initiative Private sector bank Karur Vysya Bank has handed over five electric vehicles and three reverse osmosis water plants worth Rs 70.73 lakh to Sri Venkateswara Institute of Medical Sciences, Tirupati, the Tamil Nadu based bank said on Wednesday. The Bank’s chairperson Meena Hemchandra, managing director ...

IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment Analysts cautious on IndusInd Bank despite all-round beat in Q3; here’s why IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City IndusInd Bank gains 5% as Hinduja looks to raise ...

Home loan demand declines, special interest rates to continue In a relief to prospective home loan buyers, large mortgage players, such as State Bank of India, ICICI Bank, and HDFC, have extended their special home loan rates for new customers. These rates are slightly lower than those for existing customers. The move comes after the Reserve Bank of India ...

Amazon Pay: These customers can now repay loans on Amazon Pay using Bharat BillPay; here’s how [ad_1] Amazon Pay has strengthened its loan repayment category in partnership with Bharat BillPay as part of its ongoing efforts to improve user experience and safety. Among other alternatives for paying bills, such as electricity and municipal taxes, the Loan Repayment category is one ...

On eve of Supreme Court hearing, EPFO’s higher pension form ‘missing’ [ad_1] (This story originally appeared in on Mar 22, 2023) NEW DELHI: Registration forms on the Employees’ Provident Fund Organisation’s unified portal for subscribers to sign up for pension on higher salaries went missing for at least a few hours on Tuesday. The landing page of the EPFO’s unified ...

Indian insurers see steep rise in reinsurance rates in April renewals Although it was expected that Indian insurers would feel the heat of high reinsurance rates this renewal season, the quantum of a hike in rates has taken the industry by surprise. Sources said most Indian insurers have seen a steep rise in reinsurance rates this renewal season, with ...

Debt MF | Indexation Benefit: Invest in debt schemes before March 31 to enjoy indexation benefit: advisors [ad_1] Mutual fund distributors and advisors are asking their clients to invest in debt mutual funds before March 31 to enjoy the indexation benefit along with long term capital gains tax. Debt mutual fund investments made after April 1,2023 will only have short ...

Cube Highways and Infra InvIT raises Rs 5,226 cr from BCI, Mubadala Budget 2023 to increase capex for infra projects for growth: Experts India Inc leans on InvITs to reduce debt, generate returns for investors Cube Highways files document for privately placed Rs 5,226-crore InvIT NSE Indices launches India’s first REITs & InvITs index with six securities Tata Trusts CEO ...

Will govt hike PPF, Sukanya Samriddhi schemes’ interest rates in April 2023? [ad_1] Will the central government increase the interest rate of the Public Provident Fund (PPF) soon? Interest rates of small savings schemes are due for revision at the end of this month. The small savings scheme includes the PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings Scheme ...