PE, Sovereign funds making larger investments in Indian tech firms Private Equity (PE) funds and sovereign funds are making more investments in India’s tech companies after the slowdown from hedge funds and momentum investors like SoftBank and Tiger Global. Recently, Advent International has closed in on an investment in KreditBee, according to a report by Economic Times (ET). Advent may ...

11 common home loan fees and charges [ad_1] Processing fee A loan application gets evaluated on multiple parameters during the credit underwriting process which involves KYC verification, financial assessment, employment verification, residence and office address verification, credit history assessment etc., which involves manpower and resources. A lender recovers all the cost related to the credit underwriting process through the processing ...

These banks have hiked home loan interest rates in last one month [ad_1] Soon after the Reserve Bank of India hiked repo rate by 50 basis points in its August monetary policy meet citing concerns of inflation, several banks have increased their loan interest rates, including , , , , and . It is anticipated that other banks will follow ...

PM Kisan scheme: PM Kisan 12 installment date: When will next installment of PM Kisan benefit amount be released? [ad_1] The PM Kisan scheme, a program of the central government, provides Rs. 6,000 annually in three equal instalments of Rs. 2000 every four months for all land-holding farmer families who are eligible for income support. The beneficiary’s bank account receives ...

Govt Employees Leave | Leave Encashment: Maximum period of leave for govt employees, leave encashment, childcare leave: Govt answers 19 FAQs [ad_1] The government has released Frequently Asked Questions (FAQs) on leave policies and entitlements for various categories of its employees. According to the Department of Personnel and Training FAQs released on August 30, 2022, “This replaces FAQs, which were ...

Indian Bank hikes MCLR by 0.10% across tenors from September 3 State-owned Indian Bank has revised the marginal cost of funds-based lending rates (MCLR) by 0.10 per cent across tenors from Saturday, which will make most of the consumer loans costlier. It has also revised the lending rates benchmarked on treasury bills. The Asset Liability Management ...

‘India to be 6th largest insurance market by 2032; premiums to grow at 14%’ India to become sixth largest insurance market in the world in the next 10 years supported by regulatory push and rapid economic expansion, a report said. Total insurance premiums in India will grow by an average 14 per cent per annum in nominal ...

RBI unlikely to accept NBFCs’ requests for bad-loan exemptions: Report India’s central bank is unlikely to give “shadow banks” exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks. Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to exempt smaller ...

Rupee avoids sell-off against a rampant USD, closes flat on oil price drop The Indian rupee held its ground on Thursday, as weakening oil prices and exporters selling dollars shielded it from a selloff in global risk assets. The partially convertible rupee eased 0.1% to 79.5550 per U.S. dollar, having firmed up to a more than two-week ...

Punjab National Bank (PNB), Bank of India (BOI) increase loan interest rates [ad_1] Punjab National Bank and Bank of India have increased their marginal cost of funds-based lending rates (MCLR) with effect from September 1, 2022. has hiked lending rates by 0.05 bps on all tenors, while has hiked on select tenors between 5 bps and 10 bps. Bank of ...