Indian banks to issue bonds to maintain capital levels: CARE Ratings With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of funds — deposits and borrowings are likely to increase, said CARE Ratings. “To support credit-off take, banks are expected to shore ...

HDFC Bank raises $750 million via dollar bond sale, to pay coupon of 5.686% The country’s largest private sector lender HDFC Bank on Thursday announced that it has raised USD 750 million through a dollar bond sale. The bank said it will be paying a coupon of 5.686 per cent for the three year bonds, ...

Banks can see rise in bad loans from retail, small businesses: SBI official Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the country’s largest lender said on Thursday. While loans to this segment have been growing fast, defaults have ...

Axis Bank-Citibank deal likely to be completed by March 1 Private sector lender Axis Bank has informed the stock exchanges that the deal to acquire Citibank India’s consumer business and NBFC business of Citicorp is expected to be completed by March 1. “We now wish to inform you that both parties have made progress on ...

UPI-PayNow linking: Who can use, daily limit, other details you must know [ad_1] [ad_2]

Senior Citizens FD: 5 banks offering best 1-year fixed deposit interest rates [ad_1] Senior Citizens FD: 5 banks offering best 1-year fixed deposit interest rates [ad_2]

Reliance General Insurance seeks a capital infusion of Rs 600 crore Reliance General Insurance, a subsidiary of Reliance Capital has sought a capital infusion of Rs 600 crore from its holding company to improve its solvency level. Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore. The ...

Aadhaar card for children of NRIs: How to apply, documents required; step-by-step guide [ad_1] Aadhaar cards can be helpful for resident Indians as well as Non-resident Indians (NRIs). A non-resident Indian (NRI) whether minor or adult with a valid Indian passport can apply for Aadhaar from any Aadhaar kendra. Do note that for NRI applicants, a valid Indian passport is ...

UPI for international travellers: Who can use it, where can you get it, and more – Now international tourists can use UPI in India [ad_1] Now, international travellers visiting India from G-20 countries can use Unified Payments Interface (UPI) for retail payments in the country. “The Reserve Bank of India (RBI) had announced in the Statement on Developmental and Regulatory ...

EPS Member Status: How to check your EPS membership status to receive higher pension [ad_1] Many employees who have been working from before 2014 may be wondering if they are eligible to opt for higher pension from the Employees’ Pension Scheme (EPS). A Supreme Court judgment has clarified that if an individual was a member of the EPS on September ...