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 ...

PPF Account: 8 steps to open PPF account online via India Post [ad_1] (Step 8) Once the transaction password is entered, click on ‘submit’. Now you can view or download the deposit receipt. Keep this receipt handy, till the money is credited into your PPF account. You can view your PPF accounts, under the ‘Accounts’ tab. [ad_2]

HDFC Bank AT-1 bonds worth Rs 3,000 crore get this FY’s best rate India’s largest private sector lender HDFC Bank on Tuesday sold additional tier-1 (AT-1) bonds worth Rs 3,000 crore at a cut-off rate of 7.84 per cent — the lowest rate shelled out by any bank, so far, in the current financial year. The rate ...

Not strapping on rear-seat belt may impact insurance payout [ad_1] (This story originally appeared in on Sep 06, 2022) NEW DELHI: The death of Tata Sons ex-chairman Cyrus Mistry and his friend Jehangir Pandole in a motor accident on Sunday has again shone light on the fact that not many strap on their seat belts while occupying the rear seat ...

Insurance claims independent of human errors, say industry players The death of former Tata group chairman Cyrus Mistry in a road accident has ignited a debate over the eligibility of insurance claims in accident cases but industry players say the very purpose of buying insurance is to hedge against risk, whether due to human error or otherwise. ...