These Kotak Mahindra Bank debit card services will be unavailable during this time [ad_1] Due to a scheduled maintance activity, Kotak Bank Debit/ Spendz Card will be unavailble for a few hours between September 13 and September 14, 2022. “We would like to inform you that the Bank systems will be undergoing a maintenance activity in two tranches on September ...

Drop in Indian forex reserves worrisome as inflows slow down: Economists India’s foreign exchange reserves dropping to a two-year low is concerning for the economy as the pace of foreign inflows into the country’s markets eases amid global monetary policy tightening, economists said on Monday. India’s FX reserves declined to $553.1 billion in the week ended Sept. 2, their ...

NPS Pension Rules: Change in NPS pension rules proposed by PFRDA: How subscribers could gain [ad_1] The Pension Fund Regulatory and Development Authority (PFRDA) has held discussions with the Insurance Regulatory and Development Authority of India (IRDAI) to allow the National Pension System (NPS) pensioners to port their annuity plans. If the proposal goes through, the insurance regulator would allow ...

NBFCs’ asset growth to touch four-year high of nearly 11% in FY23: CRISIL Non-bank lenders’ asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the ...

How to convert resident savings account to NRO account [ad_1] When a savings account customer’s residential status changes from resident Indian to Non Resident Indian (NRI) he or she must submit the necessary papers and paperwork to update the NRI status across all relationships which includes resident savings accounts in which he or she is a joint holder. Such individuals ...

NRI aadhaar: Are NRIs eligible to enrol for Aadhaar? Important FAQs on Aadhaar answered [ad_1] As Aadhaar has become an important document for KYC verification, there arises many questions, one of which is ‘Are NRIs eligible to enrol for Aadhaar’? The answer is YES. An NRI (whether minor or adult) with a valid Indian Passport can apply for Aadhaar from ...

State-owned lenders raise MCLR, month after third repo rate hike State-owned banks are increasing their marginal cost of funds-based lending rate (MCLR), more than a month after the monetary policy committee (MPC) in August hiked the benchmark policy rate for the third consecutive time to tame headline inflation. Union Bank of India hiked its MCLR by 5-25 ...

Union Bank Of India Loan Interest Rates: Union Bank of India hikes loan interest rates [ad_1] Union Bank of India has raised its marginal costs of funds-based lending rates (MCLR) by 10 basis points (bps) across all tenures. The revised interest rates are effective from 11 September to 10 October 2022. The rates are hiked between 5 basis points to ...

7 Reasons for why you need a ‘will’ [ad_1] Everytime Shefali’s phone rang, the influx of negative thoughts and the fear of losing another closed one was at peak. The year was 2021 and India was facing the most dreaded phase of Covid-19 pandemic: the second wave of coronavirus. It was a similar feeling for most of us, whether we ...

S&P affirms State Bank of India’s ‘BBB-‘ rating on improving asset quality Global rating agency Standard and Poor’s (S&P) has affirmed State Bank of India’s long-term rating ‘BBB-‘ on improving asset quality. It also affirmed the short-term issuer credit rating ‘A-3’ and maintained stable outlook for the rating. “The country’s largest lender is likely to sustain ...