What is a floating interest rate FD? [ad_1] Should you go for FRTDs? If you get the advantage of rising rate, you may be put to a disadvantage if the interest rates start falling again. Though in the current scenario the fall is appearing to be a distant thing but over the medium-term things can change. If your time horizon ...

HDFC Bank FD interest rate: HDFC Bank hikes FD interest rate by up to 75 bps: Senior citizens can earn up to 7.75% [ad_1] HDFC Bank has increased the interest rate on fixed deposits of less than Rs 2 crore. According to the bank’s official website, the new rates will be effective from December 14, 2022. Following the hike, HDFC ...

Equity market Investment: 4 critical lessons of 2022 equity investors can use for the future [ad_1] Many investors who entered the stock market in 2020, learned great lessons. They learned that market falls are a great opportunity to enter. They also saw the potential of the market play out in real-time where years of returns can be made in a ...

Kotak Mahindra Bank hikes FD interest rates for second time in less than one week [ad_1] Kotak Mahindra Bank has hiked the interest rates offered on its fixed deposits (FDs) for amounts below Rs 2 crore. The revised interest rates on FDs are effective from December 14, 2022. The revised interest rate is applicable for domestic, NRO, and NRE deposits. ...

Now bank FDs are offering over 9% return, is it time to break your old low-interest FD and reinvest? [ad_1] Fixed deposit holders are probably the one segment of investors who are rejoicing in the these times of rising interest rates. A whopping 225 basis points repo rate hike by the Reserve Bank of India (RBI) in the last seven ...

Rupee falls 4 paise to 82.64 against US dollar ahead of Fed meeting The rupee depreciated 4 paise to 82.64 against the US dollar in early trade on Wednesday as a strengthening greenback overseas and risk-off sentiment among investors ahead of the US Fed’s interest rate decision weighed on the local unit. However, a firm trend in ...

Delhi HC directs Irdai to introduce products for persons with disabilities The Delhi High Court has directed the Insurance Regulatory and Development Authority of India (IRDAI) to ensure the products are designed and introduced on an early date for persons with disabilities so as to enable them to obtain health insurance coverage. A bench of Justice Prathiba ...

Only about 13% recovery in written-offs loans during last five years: Govt Only about 13 per cent of the loans written off by the scheduled commercial banks (SCBs) during the last five financial years have been recovered, the Parliament was told on Tuesday. Government data showing details of loans written off by scheduled commercial banks (SCBs) disclosed ...

Banks wrote off NPAs over 10 trillion in last five financial years: FM Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, ...

RBI removes informal restrictions on rupee NDF trades, says report The Indian central bank has lifted the informal restrictions on rupee non-deliverable forward trades it had placed on local banks in October, four bankers told Reuters. All banks are now back to building positions in this segment, said one of the bankers with a private sector lender. ...