Rupee closes at new low ahead of near-certain big Fed rate-hike The Indian rupee closed at its lowest level ever against the U.S. currency on Wednesday, tracking the dollar index’s strength as the U.S. Federal Reserve gears up for a hefty rate hike to tame inflation pressures. The rupee closed at 79.9750 per U.S. dollar, down from ...

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Bank NPAs loans may drop to 5% by March 2023 on economic rebound: Crisil Reflecting further improvement in asset quality of banks, their gross non-performing assets (GNPAs) are expected to decline to 5.0 per cent by March 2023. They may even touch decadal low of about 4 per cent by March 2024, riding on post-pandemic economic recovery and higher ...

SBI FCNR FD Interest Rates: Highest FCNR FD interest rates: SBI vs ICICI Bank vs HDFC Bank vs Canara Bank [ad_1] A Foreign Currency Non-Resident (FCNR) FD account is an option for NRIs who want to create a fixed deposit account in India. This account will help NRIs to keep their money earned abroad safe from any foreign exchange fluctuations. ...

HDFC Bank signs multi-year data and technology deal with Refinitiv BENGALURU (Reuters) -HDFC Bank on Wednesday signed a multi-year data and technology agreement with Refinitiv, a London Stock Exchange Group business, as the Mumbai-based lender looks to reach more customers and cut costs. HDFC Bank, India’s largest private sector lender, will get comprehensive access to Refinitiv’s data ...

Yes Bank revises savings account interest rates: Check latest rates [ad_1] Yes Bank has revised interest rates on domestic and non-resident savings accounts effective from September 17, 2022. The bank offers savings account interest rates ranging from 4% to 6.25%.Interest in your savings account will be calculated daily and credited quarterly. Latest Yes Bank savings account interest rates Source: Yes ...

Several priority sector areas not profitable for lending: Axis Bank MD Several sectors which banks are mandated to participate in do not turn out to be profitable, Axis Bank’s managing director and chief executive officer Amitabh Chaudhry said, adding that the private lender spends Rs 900 crore every buying priority sector lending certificates to meet its targets. ...

Union Bank of India, PNB, Indian Bank launch Rupay credit card on UPI [ad_1] Union Bank of India, Punjab National Bank (PNB) and Indian Bank have introduced credit card payments using UPI. This was announced on September 20, 2022 at a Global Fintech Fest in Mumbai by the RBI governor Shaktikanta Das. Union Bank of India As per the Union ...

Indian banks may see bad loans falling to decade low of 4% by end of FY24 Indian banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said on Wednesday. The ...

UPI Lite allows you to pay without PIN; Know how to use, transaction limit, other features [ad_1] To make low-value Unified Payments Interface (UPI) payments faster and simpler, the Reserve Bank of India (RBI) Governor Shaktikanta Das launched UPI Lite on September 20, 2022. UPI Lite is an on-device wallet feature that will allow users to make real-time small-value payments ...