IDBI Bank stake sale: Govt clarifies foreign funds can own over 51% The government on Tuesday said it will allow a consortium of foreign funds and investment companies to own over 51 per cent in IDBI bank, clarifying that foreign ownership criteria was for new private banks and were not applicable on existing ones. This comes ahead ...

Rupee at over 1-month low on renewed Federal Reserve rate hike fears The rupee plummeted against the dollar on Tuesday, shedding 1 per cent (82 paise), as stronger-than-expected economic data released in the US on Monday rekindled fears of aggressive Fed rate hikes. Also, relentless dollar purchases by corporates and oil companies dragged the local currency lower. ...

Govt to allow consortium of foreign funds to own over 51% in IDBI Bank The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday. The current guidelines of the Reserve Bank of India restrict foreign ownership in new ...

Rupee falls 76 paise to close at 82.61 against dollar amid selling pressure The rupee declined by 76 paise to close at 82.61 against the US dollar on Tuesday due to heavy selling pressure in domestic equities and rising crude prices in the overseas markets. In addition, investors remained concerned over continued foreign capital outflows ahead of ...

Affordable properties in Delhi: This area has affordable, mid-segment housing [ad_1] Locality snapshot: Uttam Nagar, Delhi Uttam Nagar is an affordable residential area in south-west Delhi, situated adjacent to Janakpuri and Dwarka. Enjoys good connectivity within Delhi NCR via Najafgarh Road, Pankha Road, Outer Ring Road and Blue Metro Line. Has a mix of builder floor apartments and individual houses, ...

RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts The Reserve Bank of India (RBI) governor Shaktikanta Das will announce the bi-monthly monetary policy on December 7. It will be the last monetary policy committee (MPC) announcement in 2022. So far this calendar year, the repo rate has been hiked by 190 basis points from 4.4 ...

Canara Bank hikes loan interest rates: EMIs set to go up further [ad_1] Canara Bank raised its marginal cost of funds-based lending rate (MCLR) on loans. In a regulatory filing, the lender stated that the new marginal cost of funds-based lending rate (MCLR) for various tenors is effective from December 7, 2022. As per the BSE regulatory filing, Canara Bank ...

yes bank FD interest rate: Yes Bank revises FD interest rates; earn up to 7% on this FD tenure [ad_1] Yes Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore with effect from December 5, 2022. The bank will now offer interest rates between 3.25% and 7% on tenures ranging from 7 days to 10 ...

Paying rent using credit card? Know charges by SBI Card, HDFC Bank, ICICI Bank [ad_1] [ad_2]

India’s benchmark bond yield seen at 7.5%, rupee at 84 by March: UBS India’s benchmark 10-year bond yields are expected to rise on the back of higher government borrowings, while the rupee could see steep depreciation by end of this financial year as pressure on emerging market currencies resurfaces, a rates strategist with UBS told Reuters on Tuesday. ...