Floating rate savings bond: Is it worth it or should you stick to an FD? he interest rate of a floating rate bond is linked to a benchmark rate decided at the time of bond issuance. This interest rate is revised quarterly, half-yearly or annually as announced at the time o

Customers to receive alerts when their credit information report is accessed by lenders: RBI asks CICs [ad_1] The Reserve Bank of India (RBI) has asked Credit Information Companies (CICs) to notify clients via SMS or email when banks and Non-banking Financing Companies (NBFCs) access their Credit Information Report (CIR) in order to strengthen and improve the efficacy of the grievance ...

Lenders and CIC to pay Rs 100 per day for record update delay: RBI The compensation provided to the complainant will be apportioned among the concerned lender and CIC proportionately

CRA to replace pension funds as FIP in account aggregator ecosystem As per RBI, an Account Aggregator means a non-banking financial company (NBFC) that undertakes the business of an account aggregator, for a fee, among other services

RBI revises bulk FD limit for these banks to Rs 1 crore [ad_1] The Reserve Bank of India (RBI) decided to raise the criteria for ‘bulk deposits’ for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds. According to the RBI notification dated October 26, 2023, “It has been ...

Rupee depreciates 6 paise to 83.23 against US dollar in early trade The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the US dollar in early trade on Thursday, tracking a firm American currency and negative equity market sentiment. Forex traders said the Indian currency was also pressured due to ...

India govt bond yields edge lower as crude oil prices, US peers drop The 10-year benchmark bond yield closed at 7.3408% after ending at 7.3769% in the previous session

RBI directs private banks to have at least two wholetime directors Payments banks and local area banks are kept out of the minimum WTD requirements

CBDC can play important role in cross-border payment, says RBI Guv Reserve Bank Governor Shaktikanta Das has said that the Central Bank Digital Currency (CBDC), which is being promoted by the central bank, can play an important role in cross-border payments without much difficulty. The Reserve Bank, he said, has undertaken pilot projects with regard to promotion of the CBDC ...

Tomatoes, onions and potatoes: Why veggie inflation is shooting up again Climate shocks apart, demand-supply mismatches cause price spikes in veggies led by tomato, onion and potato