RBI seeks public feedback on charges in payment systems by Oct 3 The Reserve Bank on Wednesday sought views from the public on fees and charges in payment systems, with an aim to make such transactions affordable as well as economically remunerative for the entities involved. The payment systems include Immediate Payment Service (IMPS), National Electronic Funds ...

Bank of Baroda launches special deposit schemes offering interest up to 6% Bank of Baroda has launched a new deposit scheme offering interest rates of up to 6 per cent on domestic retail term deposits. The ‘Baroda Tiranga Deposit Scheme’ marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest ...

Gujarat: Japanese lender MUFG Bank commences operations from GIFT City Japanese lender MUFG Bank on Wednesday announced the beginning of operations from Gujarat International Finance Tec-City (GIFT City) in India. Earlier in May, MUFG had received approval from the International Financial Services Centres Authority in India and the Financial Services Agency of Japan for the opening of ...

Microfinance loans grow 24% YoY in Q1 of FY23; credit quality stable The loan portfolio of micro-finance institutions (MFI) increased 24 per cent year-on-year (YoY) to Rs 2.75 trillion by end of this June from Rs 2.22 trillion a year ago. Sequentially, the loan book expanded from Rs 2.62 trillion at end of March 2022 (Q4Fy22), according ...

Rupee posts biggest intraday gain in over a week as equities rally By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities while the greenback posted losses. The partially convertible ...

Kotak Mahindra Bank FD Interest Rates: Kotak Mahindra Bank increases FD, RD interest rates by up to 25 bps [ad_1] Kotak Mahindra Bank has increased fixed deposit interest rates by up to 15 basis points for tenures of one-three years (for amounts below Rs 2 crore) with effect from August 17 2022. The interest rate of FDs with tenor of ...

Is it a bank holiday on August 18, 19 for Janmashtami? [ad_1] Banks in certain states will be closed on the occasion of Krishna Janmashtami or Janmashtami on August 18, 19 and 20. There are certain bank holidays that are state-specific and others where all banks in the country will be closed. According to the Reserve ‘s (RBI) holiday schedule, ...

Ujjivan Small Fin Bank raises interest rate on fixed deposits by up to 1.5% Ujjivan Small Finance Bank has raised interest rate on fixed deposits by up to 1.5 per cent. The new rates have come into effect from August 9, 2022. The bank said that on the occasion of the 75th year of India’s Independence, ...

Ujjivan Small Finance Bank increases FD interest rates; earn 7.5% on this tenure [ad_1] Ujjivan Small Finance Bank has increased interest rates on its fixed deposits with effect from August 9, 2022. FDs for senior citizens will earn an additional 75 basis points across all tenures. said that it is offering a rate of 7.5% on three tenures—75 weeks, 75 ...

FD interest Rates: Get up to 7.5% interest rate on these FDs during this period [ad_1] Think short term “Investors should therefore go for short-term deposits of 12-15 months instead of locking in for the long term. More importantly, assess the fundamentals of the institution before you invest. If investing in a bank deposit, make sure the bank has a ...