ICICI Bank Loan Interest Rates: ICICI Bank hikes loan interest rates by 10 bps: Check how much loan rates have increased in last 3 months [ad_1] ICICI Bank has increased its marginal cost-based lending rate (MCLR) by 10 basis points across all tenures. A basis point is equal to 0.01 percent. The increased interest rates come into effect from September ...
Read More »Author Archives: LoanFinanceadmin
SBI to sell Anamika Conductors’ bad loan account to recover Rs 102 cr
SBI to sell Anamika Conductors’ bad loan account to recover Rs 102 cr Country’s largest lender SBI will sell non-performing loan account of Anamika Conductors through e-bidding in late September to recover dues of Rs 102 crore. Anamika Conductors has an outstanding of Rs 102.30 crore. SBI has put the reserve price for the e-auction, scheduled to ...
Read More »Punjab National Bank to hike MCLR by 0.05% across tenors from Sep 1
Punjab National Bank to hike MCLR by 0.05% across tenors from Sep 1 Punjab National Bank has raised the marginal cost of funds-based lending rate (MCLR) by 0.05 per cent across tenors from September 1, making most of the consumer loans costlier. The benchmark one-year tenor MCLR, which is used to price most consumer loans such as ...
Read More »How to avail pension in case of death of EPS pensioner? Documents, Process, Step by Step guide
How to avail pension in case of death of EPS pensioner? Documents, Process, Step by Step guide [ad_1] In 1995, the Employee’s Pension Scheme (EPS) was launched with the primary objective of assisting workers in the organised sector. Employees who qualify for the Employees’ Provident Fund (EPF) scheme will also qualify for EPS. According to EPF rules, 8.33 percent of ...
Read More »Rupee outperforms most EM peers as dollar surges to a 20-year high
Rupee outperforms most EM peers as dollar surges to a 20-year high If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, ...
Read More »This investment strategy can help weather stock market downturns, beat inflation
This investment strategy can help weather stock market downturns, beat inflation [ad_1] Sitting pretty When Downturn and Inflation wolves came, it was the second little pig who escaped unscathed. “Well, I invested equally in both equity and debt, so neither downturn nor inflation could damage my investments, because the impact got balanced out,” he told the others. [ad_2]
Read More »HDFC Bank partly recoups market share in credit card spends lost to embargo
HDFC Bank partly recoups market share in credit card spends lost to embargo The country’s largest credit issuer, HDFC Bank, has regained a large chunk of the market share in credit card spends that it had lost after an embargo was imposed on it for issuing new credit cards. The ban was subsequently lifted by the Reserve Bank of ...
Read More »Top 5 urgent loans for bad credit with guaranteed decisions in 2022
Top 5 urgent loans for bad credit with guaranteed decisions in 2022 [ad_1] To the average American, financial hiccups now and then are pretty standard. Applying for bad credit loans is something most will do at least once in their lives, and that’s okay because bad credit loans provide temporary relief to what might seem like crippling financial burdens. With ...
Read More »Re to remain under pressure, may test new levels: Experts on Fed rate hikes
Re to remain under pressure, may test new levels: Experts on Fed rate hikes Indian rupee, which earlier this week touched an all-time low, is likely to remain under pressure and may test new levels as a fallout of the US Federal Reserve indicating more interest rate hikes, experts said. The aggressive rate hikes will dampen demand ...
Read More »Yes Bank’s revised savings account charges with effect from September 1
Yes Bank’s revised savings account charges with effect from September 1 [ad_1] Yes Bank has revised the savings account – combined schedule of charges with effect from September 1, 2022. Here is a look at the revised charges as per the Yes Bank website: Savings account charges Charges on ATM cum Debit Card Cheques Miscellaneous Service Charges Free Transactions & ...
Read More »