Bank Interest Rate: IDBI Bank to offer 7.6% on 700-day term deposits for limited period As the competition to garner deposits intensifies amid tight liquidity and high credit growth, private sector lender IDBI Bank has come out with a limited period offer on its term deposits, and is offering an interest rate of 7.6 per cent for ...

NPS partial withdrawal rule to change for these subscribers from January; know what’s new [ad_1] In the wake of the Covid-19 pandemic, the pension regulator in January 2021, had allowed NPS subscribers to request for partial withdrawal online through self-declaration. Now with the abating of pandemic-related difficulties, PFRDA has said that the online partial withdrawal facility from NPS through self-declaration ...

Missed inflation target, digital currency pilot mark RBI’s 2022 map The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank. ...

LIC Housing Finance increases home loan interest rate by 35 bps [ad_1] LIC Housing Finance (LIC HFL) has revised the benchmark prime lending rate (LHPLR). The benchmark prime lending rate is used in the pricing of home loans. The revised interest rates on house loans are effective from December 26, 2022. According to the LIC HFL press release, “LIC Housing ...

Bank of Baroda hikes FD interest rates: Senior citizens can earn up to 7.55% [ad_1] Bank of Baroda has announced an increase in retail term deposit interest rates. Domestic fixed deposits under Rs 2 crore now have higher rates. The new rates are valid from December 26, 2022, according to a Bank of Baroda website. After the hike, the bank ...

Don’t have time to plan investments? Here’s what you need to do [ad_1] Rohan is 37 and recently married. He has a stable job and earns a decent income. However, he is unable to save any money. He and his wife enjoy frequent outings, shopping and holidays, which costs money. While Rohan wants to invest some part of his income, ...

What are the different types of loans? [ad_1] Auto loans are used to buy cars and are medium-term loans with a moderate rate of interest. In case of a default, the car is taken back to recover dues. [ad_2]

Rupee opens flat at 82.79 against US dollar as crude oil prices rise The rupee on Monday started the session on a flat note against the US dollar amid rising crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 82.79 against the dollar and lost ground to ...

MF portfolio doctor: Sethi needs to switch out of equity mutual funds for short-term goal [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, ...

3 reasons Laurus Labs is this week’s stock pick [ad_1] Pharmaceutical and biotechnology company Laurus Labs reported decent performance in the second quarter of 2022-23 with a 30.9% y-o-y revenue growth. This was supported by robust growth in synthesis and non-ARV (anti-retroviral) API segments. However, the price erosion in the ARV segment and elevated operational costs dragged net profit, which ...