SCSS interest rate: Senior Citizen Saving Scheme interest rate hiked for Oct-Dec quarter: What is the latest SCSS rate [ad_1] The government has raised the interest rates of some small savings schemes for the third quarter (October-December) of the current financial year. The interest rates of these post office schemes have been increased by up to 30 basis points for ...

YES Bank now on a hunt to buy stressed assets from other lenders YES Bank, which almost collapsed two years ago from bad loans, is now on a hunt to buy stressed assets from other lenders. A new partnership with US private-equity firm JC Flowers & Co. LLC allows it to buy soured loans of other banks, ...

Forex reserves decline to over two-year low to $532.66 bn: RBI data MUMBAI (Reuters) – India’s foreign exchange reserves fell to $532.66 billion in the week through Sept. 30, their lowest level since July 2020, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. The country’s reserves declined for a ninth consecutive week. They ...

LIC, Centre to sell 60.7% stake in IDBI Bank, invite initial bids The finance ministry on Friday invited initial bids for strategic disinvestment in the IDBI Bank with an aim to jointly sell 60.7 per cent in the bank along with the Life Insurance Corporation (LIC) of India. According to the expression of interest (EoI) released by ...

PPF Interest Rate: What is the latest PPF interest rate? [ad_1] Small saving schemes interest rates While the government increased the interest rates of certain small savings schemes, PPF interest rate was not changed. According to a circular issued by the Finance Ministry on September 29, the interest rates of three small saving schemes have been hiked by 10 bps ...

Banks loans rose 16.4% YoY in two weeks to Sept 23, deposits up 9.2%: RBI Oct 7 (Reuters) – Indian banks’ loans rose 16.4% in the two weeks to Sept. 23 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 787.65 billion rupees ($9.56 ...

Bajaj Finance FD Interest Rate: Bajaj Finance hikes FD interest rates by 30 bps: Earn up to 7.50% [ad_1] Bajaj Finance has increased the interest rates on fixed deposits (FD) by up to 30 basis points. The revised rates are applicable on FDs up to Rs 5 crore and will be effective from October 7, 2022, stated Bajaj Finance in ...

Short on cash? You can pause your MF SIP instalment [ad_1] Short on cash? You can pause your MF SIP instalment [ad_2]

RBI to launch e-rupee on pilot basis for limited use; issues concept paper The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases with a view to bolstering India’s digital economy, making payment systems more efficient, and checking money laundering. In a concept note on Central Bank Digital ...

What is Digital Rupee? Digital Rupee Features and Differences [ad_1] Explaining the features and purpose of India’s very own digital currency, the Reserve Bank of India (RBI) on October 7, 2022 released a concept note on Central Bank Digital Currency (CBDC). RBI will soon start the pilot launch of the digital rupee for specific use cases. The concept note explains ...