ICRA downgrades PTC Financial Services short-term rating over operations Rating agency ICRA has downgraded short term ratings for PTC Financial Services (PFS) from “A1+” to “A1”, citing significant moderation in the company’s operations, weakness in asset quality and moderate profitability indicators. PFS, a Delhi-based non-banking finance company (NBFC), was placed under watch in January 2022 ...

RBI’s forex reserves fall for first time in five weeks to $563.50 bn: Data The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined for the first time in five weeks to $563.50 billion in the week ended December 16. The $571-million fall in the RBI’s reserves was primarily due to a decline in the ...

Public sector Indian Bank ties with Honda Cars to offer financing solutions Public sector Indian Bank has tied up with automaker Honda Cars India Ltd towards offering financing solutions to its customers, the city-headquartered bank said on Friday. This partnership would allow customers to bring home their favourite Honda vehicles through financing options provided by ...

Senior Citizen Savings Scheme vs high interest rate bank FDs: Where should you invest? [ad_1] Senior citizens were the worst effected lot when interest rates on fixed deposits nosedived to historical lows in 2020 (rates remained at these low levels till April 2022). During those times, the Senior Citizen Savings Scheme (SCSS) was a big support as it was offering ...

Banks offering highest 3-year FD interest rates for senior citizens [ad_1] Banks offering highest 3-year FD interest rates for senior citizens [ad_2]

PM Kisan, Kisan Credit Card, and 4 other beneficial govt schemes for farmers on Kisan Diwas [ad_1] Kisan Diwas or National Farmers’ Day is observed across the country on December 23 to honour farmers, the backbone country. It is celebrated on this day every year in honour of Chaudhary Charan Singh, a farmers’ leader who became India’s fifth prime minister. ...

PPF withdrawal: 5 rules you must know – Key things to know [ad_1] Partial withdrawal is allowed under the Public Provident Fund scheme. You can withdraw up to 50% of the amount in your PPF Account after seven years, beginning with the end of the year you made your initial contribution. You can only make one partial withdrawal each year. ...

FinMin asks banks not to use unethical practices to sell insurance policies Concerned over rising incidence of mis-selling, the finance ministry has directed heads of public sector banks to put in place strong mechanisms to avoid unethical practices for selling insurance policies to customers. The Department of Financial Services has received complaints that fraudulent and ...

SBI vs HDFC Bank vs Canara Bank vs ICICI Bank vs PNB: Which bank offers the best interest rate for senior citizens? [ad_1] Many banks have been increasing interest rates since the Reserve Bank of India (RBI) increased repo rates by 0.35% to 6.25% in its December monetary policy meeting. Senior citizens receive higher fixed deposit (FD) interest rates from ...

Digital Rupee: Do you need a bank account to transact RBI e-Rupee? [ad_1] The Reserve Bank of India (RBI) recently launched the pilot programme of India’s very own digital currency — the digital rupee or e-Rupee. A central bank digital currency (CBDC) is a legal tender issued in digital form by the central bank of the country. By now, you ...