PNB, SBI, Bank of Baroda’s Diwali offers on home loans, car loans: Check here [ad_1] Punjab National Bank (PNB) announced a new offer called ‘Deepawali Dhamaka 2023’ with an aim to cash in on the Diwali 2023 shopping trend. Under this offer, PNB customers can avail themselves of home loans at a reduced interest rate of 8.4% per annum, the ...
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DSP Mutual Fund launches Gold ETF: All you need to know
DSP Mutual Fund launches Gold ETF: All you need to know The NFO opens for subscription on November 3, 2023, and closes on November 10 2023.
Read More »Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs
Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs). The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing. “The company has today (Thusrday) issued and allotted 1,50,000 rated, ...
Read More »More than 97% of Rs 2,000 note returned till October 31, says RBI
More than 97% of Rs 2,000 note returned till October 31, says RBI The central bank reiterated that the Rs 2,000 banknotes continue to be legal tender
Read More »TVS Credit Services posts 14% rise in AUM at Rs 23,516 cr as of Sep
TVS Credit Services posts 14% rise in AUM at Rs 23,516 cr as of Sep Leading non-banking financial company TVS Credit Services Ltd has witnessed its assets under management grow by 14 per cent to Rs 23,516 crore as of September 30, 2023 the company said. The city-based company had registered an AUM of Rs 20,602 crore as of March ...
Read More »50% equity:50% debt helps in meaningful wealth creation: Motilal Oswal Private Wealth
50% equity:50% debt helps in meaningful wealth creation: Motilal Oswal Private Wealth [ad_1] Mumbai: A study by Motilal Oswal Private Wealth showed that a portfolio comprising 50% equity and 50% debt has the potential to generate meaningful wealth creation in the long term. Such a portfolio returned a 12.2% compound annual growth rate (CAGR) in the 1990-2023 period, with a ...
Read More »Floating rate savings bond: Is it worth it or should you stick to an FD?
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
Read More »Customers to receive alerts when their credit information report is accessed by lenders: RBI asks CICs
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 ...
Read More »Lenders and CIC to pay Rs 100 per day for record update delay: RBI
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
Read More »CRA to replace pension funds as FIP in account aggregator ecosystem
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
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