RBL Bank revises savings account interest rates; earn up to up to 7% interest rate [ad_1] RBL Bank raised the interest rates on its savings accounts including NRE/NRO Savings by up to 75 basis points (bps) on select amounts, according to the bank’s official website. The new rates are applicable from March 1, 2023. RBL Bank savings account interest ratesFor ...

Rupee appreciates 22 paise to 82.36 against US dollar in early trade The rupee gained 22 paise to 82.36 against the US dollar in early trade on Wednesday amid a positive trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on the local unit and restricted the appreciation bias. At the ...

ICICI Bank hikes home loan, other loan interest rates; check latest loan interest rates [ad_1] ICICI Bank has raised its marginal cost-based lending rates (MCLR) across all tenures by up to 10 basis points. One basis point equals 0.01 percent. The higher interest rates are effective from March 1, 2023. Your EMI payment will rise in tandem with an increase ...

Axis Bank completes acquisition of Citibank India’s consumer business India’s third-largest private sector lender, Axis Bank, has completed the acquisition of Citibank India’s consumer business and the consumer business of its non-banking finance arm, Citicorp Finance (India) Ltd, for Rs 11,603 crore instead of Rs 12,325 crore estimated earlier. In a notification to the exchanges, ...

Aadhaar authentication to become more secure with new system; know details [ad_1] The Unique Identification Authority of India (UIDAI) has launched a new security system for Aadhaar-based fingerprint authentication and quicker detection of spoofing attempts, according to the Ministry of Electronics & IT, PIB press release. According to the UIDAI tweet, “UIDAI has successfully rolled out a new AI/ML enabled ...

How eligible employees can apply for higher pension under EPS on EPFO portal: A step-by-step guide [ad_1] The Employees’ Provident Fund Organisation (EPFO) issued circulars on December 29, 2022, and February 20, 2023, providing instructions to eligible employees on submitting applications for higher pension under the Employees’ Pension Scheme (EPS). Mallika Noorani, Senior Partner, Parinam Law Associates, says, “The EPFO ...

Bharti AXA-Unity Bank in bancassurance tie-up to tap 1.5 mn customers Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, has entered into a bancassurance tie up with Unity Small Finance Bank (Unity Bank) in order to sell its life insurance products through the lender’s network of 111 branches and 206 ...

HFCs to face headwinds amid rising interest rates, says India Ratings Housing finance companies (HFCs) are in for some headwinds, given the rising interest rates and property prices and the resultant moderation in home affordability, which will lead to a marginal dip in their loan sales growth to 12.3 per cent next fiscal year, says a report. ...

Sovereign Gold Bonds: RBI issues dates for premature redemption, check details [ad_1] The Reserve Bank of India (RBI) has set dates for the premature withdrawal of several tranches of Sovereign Gold Bonds (SGB). The RBI issued a press release outlining the details of the SGB tranches scheduled for premature redemption from April 1, 2023, to September 30, 2023, as well ...

Indian Bank ties up with Toyota Kirloskar Motor to offer vehicle financing Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said on Tuesday. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure ...