IDBI Bank privatisation: Govt, LIC together to sell 60.72% majority stake The government is looking to sell a 60.72% majority stake in IDBI Bank and has invited expressions of interest, it said in a notification on Friday. State-owned Life Insurance Corporation of India will also be diluting its holding in IDBI Bank as part of the state’s ...

Canara Bank FD Interest Rate: Canara Bank hikes FD interest rates; Senior citizens can earn up to 7.50% interest on this tenure [ad_1] Canara Bank has increased the interest rates on fixed deposits (FDs) for amounts below Rs 2 crore. The bank also unveiled a new fixed deposit (FD) plan, where the general public can earn interest rate of 7% ...

ICICI Bank Smart Wire: ICICI Bank launches Smart Wire for inward remittances: How to use, key features [ad_1] ICICI Bank has launched an online service to assist its customers in making SWIFT-based inward remittances more quickly and easily. The feature, known as “Smart Wire,” enables inward remittance transactions to be completed electronically for both NRIs and resident customers. Customers can ...

RBI sells dollars as rupee hits record low on US interest rate hike fears The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the U.S. Federal Reserve rate outlook, traders told Reuters. The rupee was last trading ...

How to check Authorised & Unauthorised Forex trading dealers list? [ad_1] Did you know that conducting forex transactions on unauthorised platforms could land you in legal trouble? The Reserve Bank of India (RBI) has recently issued an ‘alert list’ comprising names of entities which are neither authorised to deal in foreign exchange under the Foreign Exchange Management Act (FEMA), 1999 ...

Rupee breaches 82/$1 for first time as Fed officials back rate hike view The rupee weakened to a new low against the US dollar on Friday as Federal Reserve officials in the US outlined a large quantum of rate hikes going ahead, leading to a stronger greenback globally. The rupee, which weakened past the 82 per dollar ...

Silver Jewellery Hallmarking: Is silver ware hallmarking a must? Check here [ad_1] Also, customers can request the jeweller to get a piece of silver they are buying hallmarked. But this has to be done while making the purchase. The jeweller will have to take the silver jewellery to the nearest assaying centre to get it hallmarked. If the jewellery meets ...

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RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday. The Reserve Bank of India will likely set underwriting commission for these notes in the 1.00 paise to 1.50 paise range, according to a Reuters ...

HDFC Bank loan interest rates: Latest HDFC Bank loan interest rates [ad_1] Private sector lender HDFC Bank has revised its marginal cost of funds-based lending rate (MCLR). The revised loan interest rates are effective from October 7, 2022. According to the HDFC Bank website, the overnight MCLR is now 7.90 percent. The MCLR for one month is 7.90percent. The three-month ...