Top Headlines: SBI, LIC set to see new faces, worst yr for rupee since 2013 SBI, LIC among key govt-run financial institutions set to see new faces Major state-run financial-sector players like the country’s largest lender, State Bank of India (SBI), and the largest life insurer, Life Insurance Corporation (LIC), are likely to see a change of the ...

RBI floating rate bonds interest rate hiked to 7.35% from January 1, 2023 [ad_1] The Reserve Bank of India (RBI) has hiked the interest rate on floating rate savings bonds (2020) to 7.35 per cent from 7.15 per cent earlier. The central bank made the announcement via a press release dated December 30,2022. The hike in interest rate on floating ...

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts The Indian rupee is likely to hold in a tight range in the early part of 2023 but the worst is possibly behind it, said traders and analysts. The local currency has hovered close to its lifetime lows through most of December, but ...

Plan to open more branches across country: MD & CEO of TMB Private sector Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank on Friday. The over-a-century old bank recently inaugurated its 510 ...

Govt hikes interest rate on post office savings schemes by up to 1.1bps The government on Friday raised interest rates on most post office savings schemes that do not get income tax benefits in line with the firming of interest rates in the economy. While the interest rate for popular PPF and girl child savings ...

Over half dozen financial institutions to see new faces at the helm in 2023 Major financial-sector players like the country’s largest lender, State Bank of India (SBI), and the largest life insurer, Life Insurance Corporation (LIC), are likely to see a change of the guard at the top in 2023. The first quarter of calendar ...

Finance Ministry sharply raises small savings rates for March quarter The Centre on Friday sharply raised interest rates on eight out of 12 small savings schemes for the January-March quarter of FY23. Small savings deposit rates for one year, two years and three years were raised by 110 basis points (bps) to 6.6 per cent, 6.8 per ...

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1 The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. ...

How to raise complaints related to Aadhaar services? [ad_1] Aadhaar is for every resident of India from a newborn to a senior citizen, everyone can enrol for Aadhaar. It is now one of the most important documents to avail any financial services. It is essential to keep your Aadhar details up to date. UIDAI has suggested that residents who received ...

RBI to extensively use AI, MI driven tools for info creation, data analysis Artificial Intelligence (AI) and Machine Learning (ML) driven tools for data analysis and information creation will be integral part of Reserve Bank’s Medium-term Strategy Framework Utkarsh 2.0′ for the period 2023-2025 launched on Friday by Governor Shaktikanta Das. The first strategy framework ...