Sovereign Gold Bond: Premature redemption of SGB fixed at this price [ad_1] The Reserve Bank of India has fixed the price for early/premature redemption of the Sovereign Gold Bond Scheme SGB 2016 Series II and SGB 2016-17 Series II at Rs 4,952 per unit. According to the RBI press release, “Accordingly, the due date of the fourth and third premature ...

Will exit reconstruction scheme after lock-in period ends: YES Bank YES Bank on Friday claimed that the Reserve Bank of India (RBI) would allow the lender to exit the reconstruction scheme it entered in March 2020 after the end of a three-year lock-in period for those who invested in its share. The completion of the lock-in period ...

Rupee Cooperative Bank set to explore merger proposal, SFB conversion Following a stay on cancellation of banking licence by Bombay High Court, Pune-based Rupee Cooperative Bank’s administrator will explore various options. These include conversion into a small finance bank (SFB), or merger with another sound urban co-operative bank (UCB). On August 8, the Reserve Bank of India (RBI) had ordered ...

Rupee breaches 81 vs USD before RBI steps in; FX reserves at near 2-yr low The rupee closed at a new low against the dollar on Friday, even as market interventions by the Reserve Bank of India (RBI) helped the local currency recoup much of the hefty losses suffered in the course of the trade when it breached the ...

Customers must report unauthorised transactions immediately: SBI chief Warning against mounting cyber crime cases across the country, State Bank of India (SBI) Chairman Dinesh Kumar Khara said customers should be informed to report any unauthorised transaction immediately so that it can be checked timely. Khara asserted that customer service should be given the utmost priority and urged ...

6 legal rights every tenant must know [ad_1] Tenants’ heirs If a tenant dies mid-term, the landlord cannot throw out his legal heirs or successors who were living with him, if they want to continue to stay in the house for the remaining period of the contract or rent agreement. These successors would include the deceased tenant’s spouse, children, parents ...

UPI Lite: A payment method that allows you to pay without PIN or internet Reserve Bank of India Governor Shaktikanta Das launched Unified Payments Interface (UPI) Lite on September 20, in a bid to make low-value UPI payments faster. What is UPI Lite? It is an on-device wallet feature that will allow users to make small-value ...

Why borrowing makes more sense than tapping investments [ad_1] [ad_2]

At 16.2%, credit growth in banking system fastest in 9 years: RBI data Credit growth in the banking system was at a multi-year high of 16.2 per cent year-on-year (YoY), for the fortnight ended September 9, the latest data released by the Reserve Bank of India (RBI) showed. Last time, credit growth touched 16 per cent was in November ...

HDFC Bank, IDBI Bank special FD scheme for senior citizens will close on September 30, 2022 [ad_1] Two years ago when fixed deposit (FD) interest rates were at their lowest, many banks came up with special schemes for senior citizens with higher interest rates. However, these came with a stipulated time frame during which interested investors had to invest. Senior ...