India’s overall forex reserves to shrink further this year: Deutsche Bank India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said on Wednesday. The country’s trade deficit could rise to as much as $300 billion in 2022-23 ...

HDFC Bank SMS Banking Facility: How to register for HDFC Bank’s SMS banking facility [ad_1] HDFC Bank has introduced SMS service for its customers from anywhere, round-the-clock. With HDFC Bank SMS Banking you can check account balance and summary, apply for loans, manage your credit cards, etc,. According to the latest tweet by HDFC Bank, “Banking services are now a ...

HDFC Bank increases loan interest rates by 10 bps [ad_1] HDFC Bank, private sector lender, has raised its marginal cost of funds-based lending rate (MCLR) on loans of all maturities by up to 10 basis points (100 basis points = 1%). The new loan rates will come into effect on September 7, 2022. Once the loan’s reset date arrives, borrowers’ ...

Tax-saving FDs: These 4 banks are giving best interest rate [ad_1] [ad_2]

Rupee falls by 11 paise to 79.93 against US dollar in early trade The rupee depreciated by 11 paise to 79.93 against the US dollar in opening trade on Wednesday, tracking the strength of the American currency overseas. At the interbank foreign exchange market, the rupee opened at 79.93 against the greenback, registering a decline of 11 ...

LIC New Pension Plus plan: LIC launches New Pension Plus plan: Features, premium payment, NAV calculation [ad_1] The () has launched the New Pension Plus plan which allows young people to set aside money for their retirement. This unit-linked, non-participating individual pension plan helps build corpus through systematic and disciplined saving, which can then be converted into regular income by ...

Banks in talks with Singapore’s DBS to begin real-time remittance system At least five Indian banks, including the State Bank of India and ICICI Bank, are in discussions with Singapore’s DBS Bank to start a real-time remittance system using UPI as the backbone, reported The Economic Times on Wednesday. The banks are in discussions to start a ...

Irdai set to meet insurance CEOs on dematerialisation of policies The insurance regulator is meeting the heads of all life and general insurance companies on Wednesday to discuss dematerialisation of insurance policies, a move aimed at increasing customer convenience. Dematerialisation means converting physical documents into a modifiable online format. This initiative was started by the insurance ...

Tamilnad Mercantile Bank IPO subscribed 1.5 times on second day of Tamilnad Mercantile Bank’s (TMB) initial public offering (IPO) was subscribed nearly 1.5 times on Tuesday. The issue closes on Wednesday. So far, the retail and institutional investor portion of the issue are subscribed 3.5 times and 1 time, respectively. The wealthy investor portion is subscribed 1.25 times. ...

IDBI Bank re-appoints S Jebaraj as deputy MD for 3 years effective Sept 20 IDBI Bank’s board of directors has approved re-appointing Samuel Joseph Jebaraj as deputy managing director for three years with effect from September 20. “Shri Samuel Joseph Jebaraj is not related to any other Director on the Board and KMP (key managerial personnel) of ...