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HDFC Bank issues e-BG, AEBC appoints Sanjay Khanna as CEO, and more HDFC Bank has issued an electronic bank guarantee (e-BG) in partnership with National E-Governance Services Ltd (NeSL), becoming the first bank in the country to do so. e-BG has been developed in consultation with NeSL, CVC-CBI committee and IBA to simplify the process and eliminate the possibility ...

Loan Repayment: More than 50% have taken a new loan in past year but repayment is becoming a problem: Survey [ad_1] India is back to chasing its dreams, brushing off inflation and the spectre of the pandemic. The BankBazaar Aspiration Index stands at 87.3, the highest level since the start of the study in 2018. India bounces back The 2022 ...

RBI’s policy decisions been in right direction, says Ashima Goyal The Reserve Bank of India’s (RBI’s) policy decisions to tame headline inflation has been in the right direction as it has approached the inflation originating from food price shocks pragmatically, said Ashima Goyal, external member of the monetary policy committee (MPC) that decides on the policy rates. ...

Indian Bank to pay up to 6.25% interest rate on special FD during this period [ad_1] Following others, Indian Bank has also introduced a special FD with attractive interest rates during a limited period. According to the Indian Bank website, the special fixed deposit plan is called the “IND UTSAV 610” plan and has a 610-day duration offering a 6.10% ...

HDFC CEO sees pickup in home loan demand in India despite rate hikes Demand for home loans is strong in India and is expected to pick up further over the next few months, the head of major housing finance firm Housing Development Finance Corporation said on Monday. “The economy is buoyant, the feel good factor is high, ...

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 ...