Govt proposes issuance of one licence for all kinds of insurance The finance ministry has proposed a host of amendments to the insurance laws – from granting insurers a composite licence to allowing them to sell different financial products and increasing the retirement age of the chairman and whole-time members of the Insurance Regulatory and Development Authority (Irdai). ...

RBI conditional approval to Carlyle, Advent’s stake buy in YES Bank The Reserve Bank of India (RBI) has issued conditional approval to funds affiliated to global private equity investors Carlyle and Advent International with regard to the planned acquisition by each of them of 9.99 per cent of share capital of YES Bank. “We hereby inform you ...

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HDFC Bank completes mega bond issuance amid strong demand: Analysts India’s HDFC Bank on Thursday completed the largest-ever bond issuance by any bank amid strong demand from long-term investors, but the large fundraise is unlikely to impact yields for upcoming issues from banks as there is enough demand, said analysts. The private lender raised 150 billion rupees ...

FD interest rates: This bank offers 8.5% FD interest rate for senior citizens [ad_1] Jana Small Finance Bank (SFB) has revised the interest rates on savings accounts and fixed deposits with effect from December 1, 2022, according to the bank’s official website. Jana Small Finance Bank savings account interest Jana Small Finance Bank’s savings account day-end balances are applied to ...

NPS UPI: How to make NPS contributions using UPI [ad_1] The National Pension System (NPS) is a government programme that aids participants with retirement savings. Contributions to the NPS can be made in a number of ways, including cheques, online banking transfer, or UPI. Here is how to make a contribution to one’s NPS account using UPI. What is UPI? ...

Bank locker charges: Check how much your bank charges as locker rent – Bank lockers [ad_1] The cost of a bank locker can range from Rs 500 to Rs 3,000 based on the location and size of the locker, according to the bank’s website. The bank charges Rs 2,000, Rs 4,000, Rs 8,000, and Rs 12,000 for small, medium, large, ...

SBI email OTP: How to activate SBI email OTP authentication [ad_1] The State Bank of India (SBI) has increased the security of online transactions by introducing email OTP authentication in an effort to give their online customers greater protection and safety. Customers of SBI can now receive OTP notifications for transactions made through internet banking on the email address on ...

What does e-rupee mean for you? India’s digital rupee is making its retail debut today. Soon, people will use this digital currency for daily transactions. Find out how it’s going to be different from digital wallets and UPI

rbi retail digital rupee pilot: RBI retail digital rupee pilot starts today: Can you use e-Rupee? [ad_1] The retail pilot of the Reserve Bank of India’s (RBI) digital currency has gone live on December 1, 2022. Touted as e-Rupee or digital rupee, the RBI’s central bank digital currency (CBDC) is an electronic form of sovereign currency. Here’s all you need ...