Traders puzzled why the RBI spends billions fighting stronger dollar Volatility in the rupee is hovering near the lowest in almost two decades and the currency has avoided breaching a record low even as rising US rates wreaked havoc in emerging markets

SBI net banking will be down on this day; here are alternatives [ad_1] State Bank of India customers will not be able to access internet banking services due to scheduled activity. However, it has not mentioned anything about the YONO app, if its service will be available. According to the SBI website, “The services of Internet Banking applications will not ...

Higher interest rate puts pressure on CASA deposits, shows survey Higher interest rates have resulted in a reduction in Current Account Savings Account (CASA) deposits as most of the savers are shifting towards term deposits, according to a report. CASA is low-cost deposits mobilised by banks, and higher amount of low-cost deposits mean better margins for banks. A survey by ...

Bank of Baroda to raise Rs 10,000 cr to fund infra, housing projects Bank of Baroda (BoB) on Wednesday said its board has approved a proposal to raise up to Rs 10,000 crore to fund infrastructure and affordable housing projects. The approval is for raising Long Term Bonds for Financing of Infrastructure and Affordable Housing aggregating to a total size ...

Explained: Term insurance premium is 15% cheaper for women than men Women may be eligible for lower premiums than men due to their longer life expectancy and lower risk of certain health conditions.

Axis Bank, Fibe partner to launch India's first numberless credit card The card offers cashback of a flat 3 per cent on online food delivery across all restaurant aggregators and local commutes on leading ride-hailing apps

Rs 2,000 notes: List of 19 RBI regional banks to exchange currency The RBI, which had initially given time till September 30, for getting the Rs 2,000 notes deposited or exchanged, extended the same by a week till October 7

Premiums of non-life insurance companies rise by 14.86% in H1FY24 Public sector general insurers reported a 30.64 per cent surge in premium, while private insurers recorded a 21.49 per cent increase during this time

rbi: Bank of Baroda cannot offer ‘BoB World’ app to new users: RBI [ad_1] The Reserve Bank of India (RBI) has directed Bank of Baroda (BoB) to suspend any further onboarding of their customers onto the ‘bob World’ mobile banking application. This direction to BoB from the RBI is with immediate effect. However, do note that the RBI directive to ...

Banking system liquidity bounces back to surplus after three weeks The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity