Fino Payments Bank ups interest rate on savings deposit to 5% Fino Payments Bank on Monday said it has increased the interest rate on its savings deposits of Rs 1 lakh and above (upto Rs 2 lakh) to 5 per cent from 2.75 per cent earlier. The aim is to encourage higher savings leading to a better ...

Fixed income returns in India set to surge in 2023, prompting higher investments [ad_1] Indian investors could reshuffle their investment portfolio to include more debt assets this year on expectations of at least a 30% jump in returns from 2022, analysts said on Monday. Debt investments offered barely any increase in returns last year amid high volatility due to the ...

Bandhan Bank collection efficiency rises to 98% at end of Dec 2022 Collection efficiency ratio of private lender Bandhan Bank increased to 98 per cent at the end of December 2022 from 95 per cent at the end of the second quarter. An initial disclosure statement by the bank said that the ratio for micro-credit ...

Axis Mutual Fund, A new paradigm of online investment [ad_1] The mutual fund (MF) industry has seen explosive growth in the last decade. According to the Association of Mutual Funds in India (AMFI) , Assets Under Management (AUM) of the MF industry in India stood at Rs 40.38 trillion in November, 2022 from Rs 7.93 trillion in 2012, a staggering ...

How inflation cost influences investment planning [ad_1] We often hear about investment opportunities offering double-digit market-beating returns that will create wealth and will guarantee a financially secure future and a dignified life. However, returns in themselves don’t signify much without the corresponding inflation figure. Inflation is the rate at which the cost of living grows. Another way to look at ...

Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report Gross bond issuances by Indian banks raised more than Rs 91,000 crore in April-December 2022, more than the previous high of Rs 80,000 crore in financial year 2016-17 (FY17), according to ICRA. With tight liquidity conditions likely persisting in the near to ...

Post Office Term Deposits vs bank FDs: Which is offering higher interest rate [ad_1] [ad_2]

Rupee closes at 82.37 against dollar amid firm trend in domestic equities The rupee gained 29 paise to close at 82.37 (provisional) against the US dollar on Monday, supported by a weaker greenback overseas and a firm trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.41 and touched ...

annual bonus: How to best utilise your annual bonus [ad_1] Abhishek has a family of three and partly supports his mother too. He recently received a one-time bonus of Rs.10 lakh. He has an outstanding home loan of Rs.75 lakh repayable in the next 15 years. His EMI for the loan is Rs.60,000 and his monthly post-tax income is Rs.1.5 ...

Cropin raises Rs 113 cr funds from investors including Google, JSR Corp Agritech company Cropin on Monday said it has raised Rs 113 crore funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures. The funds will aid in expanding Cropin Cloud, the company’s recently launched intelligent ...