Irdai eases firm registration process from 8 to 2 months: Chairman The registration process of new companies has been eased by substantially reducing the time taken to process new applications from 6-8 months to two, Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai) said on Wednesday. The regulator has created a facilitation cell consisting ...

Banking sector at enormous risk of asset-liability mismatch: Pronab Sen India’s banking sector is faced with the predicament of a “massive asset-liability mismatch” that could explode anytime, renowned economist Pronab Sen said, adding that there is a need to reassess laws governing the industry. Sen said “that explosion” has not yet happened as most of the banks ...

Intern EPF Account: When can intern, trainee, apprentice get EPF account with employer? [ad_1] When a trainee or an intern joins a company for training or internship, he/she is usually paid some stipend. One of the questions that arises in this context is whether employee provident fund (EPF) contributions should be deducted from this stipend. Usually, if the company is ...

RBI lifts restrictions on American Express onboarding new customers RBI had on April 23, 2021, imposed restrictions on American Express Banking Corp from onboarding new domestic customers onto its card network from May 1, 2021 for non-compliance

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FAQs answered on money withdrawal from NPS [ad_1] [ad_2]

IDBI Bank launches special FD with interest rate of up to 6.7% [ad_1] Following other banks such as , , and , now IDBI Bank has launched a special fixed deposit scheme called “Amrit Mahotsav FD” with a 500-day maturity period with limited period offer. The new scheme comes with an interest rate of up to 6.70 percent. According to ...

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Bank FDs with above 8% interest rate for senior citizens [ad_1] Fincare Small Finance Bank Fincare Small Finance Bank (SFB) has announced an increase in interest rates on FDs under Rs. 2 crore. The higher interest rates are effective from August 21, 2022. Following the revision, the bank now offers a maximum interest rate of 8% to the general public ...

Indian Bank FD interest rates: Indian Bank hikes FD interest rates by up to 15 bps [ad_1] has increased the interest rates of fixed deposit (FD) by up to 15 basis points (bps) for select tenors. The new interest rates are effective from August 24, 2022, according to the bank’s official website. The bank will now offer interest rates ranging ...