Banks increase interest rates on bulk deposits as liquidity tightens With surplus liquidity in the system shrinking and deposit growth trailing credit growth by a large margin, banks have hiked interest rates on bulk deposits, suggesting that they are looking for such deposits to meet the credit demand. Rates on three-month corporate deposits are in the range ...

HDFC Bank: Can a small finance bank be the next HDFC Bank in the making for equity investors? [ad_1] The banking landscape in India changed when the sector was opened up in the ’90s. Not only did it benefit customers by giving them access to world-class products and services, it was also the start of a rewarding journey for equity ...

Fall in forex reserves due to rupee depreciation not worrying, say experts The decline in foreign exchange reserves of the country due to the depreciation of the rupee is not a worrying factor, and there is coverage for nine months of imports, experts said here on Thursday. The country’s forex kitty continued its southward journey, with the ...

Small Saving Schemes: Govt hikes interest rates of only these small saving schemes for Oct-Dec 2022 quarter [ad_1] After close to four years, the government has increased the interest rates of certain small savings schemes. According to a circular issued by the Finance Ministry on September 29, the interest rates of two small saving schemes have been hiked by up ...

6 tips to avoid UPI fraud [ad_1] You can instantly transfer money between the bank accounts of any 2 people using UPI, which is built over the IMPS infrastructure. [ad_2]

Rupee closes marginally higher against US dollar, RBI intervention seen The Indian rupee closed slightly higher against the US currency on Thursday, after a choppy session in which the Reserve Bank of India likely sold dollars to support the local currency. The rupee ended at 81.86 per US dollar, a tad higher than the new low of ...

Retirement: Over 80% urban Indians fear running out of money in retirement [ad_1] Worried you will outlive your retirement savings? You are in good company. More than 80% of urban Indians fear they will run out of money in retirement, according to the India Retirement Index Study (IRIS) conducted by Kantar for Max Life Insurance Company. The second edition of ...

What to expect from RBI MPC Meet Tomorrow? [ad_1] Home loan borrowers are likely to feel the heat of higher interest rates as the Reserve Bank of India (RBI) is widely expected to increase its key policy rate on September 30. If this happens, it will be the fourth repo rate hike in this financial year. To tame soaring inflation, ...

Aadhaar verification: How to verify Aadhaar online, offline [ad_1] The Unique Identification Authority of India (UIDAI) has made a new Secure QR Code that includes demographic information and a photograph of the owner of an Aadhaar card available. According to the UIDAI website, “QR Code earlier present on Aadhaar print-letter and e-Aadhaar contained only the demographic information of the Aadhaar ...

RBI policy: How inflation, repo rate and demand are linked to each other The Reserve Bank of India (RBI) announces its monetary policy at least four times a year, once each quarter. Currently, it announces its policy once every two months. Through its monetary policy intervention, the central bank controls the “demand” side of the economy to keep inflation ...