Blog

Comply with digital lending norms for existing loans by Nov 30: RBI The Reserve Bank of India (RBI) on Friday said that regulated entities engaged in credit delivery through digital lending will have time till November 30 to comply with the lending norms for existing digital loans. However, for new and existing customers availing fresh loans, these ...

RBI launches project to digitise KCC to transform rural credit delivery To transform rural credit delivery system, the Reserve Bank has decided to launch pilot projects to digitise Kisan Credit Card (KCC) in Madhya Pradesh and Tamil Nadu. Based on the learnings from the pilot, it is planned to expand the digitalisation of KCC lending to other ...

yes bank interest rate: Yes Bank increases NRE, FCNR FD interest rates: Check latest rates [ad_1] Yes Bank has increased the fixed deposit interest rates for Non-Resident External Account (NRE) and Foreign Currency Non-Resident (FCNR) deposits. According to a press release issued by the bank, it has raised the interest rates on its NRE FDs by 50 to 75 basis ...

YES Bank hikes interest rate on NRE, FCNR fixed deposits as norms are eased Private sector lender YES Bank has raised the interest rate on non-resident external (NRE) fixed deposits by 50-75 basis points (bps) and has also increased the rate on foreign currency non-resident (FCNR) deposits. This comes after the Reserve Bank of India (RBI) eased certain norms ...

RBI issues new digital lending guidelines for banks, lenders to protect borrowers [ad_1] The Reserve Bank of India has issued guidelines to all lenders including banks to protect data of borrowers using digital lending apps from being misused. As per the guidelines issued by the RBI, the regulated entities cannot store borrowers’ data except some basic minimal information. As per ...

Indian bond yields up for second straight day on debt supply woes Indian government bond yields ended higher for a second consecutive session on Friday, as weekly auction added to debt supply, while elevated U.S. Treasury yields dented appetite. The benchmark 10-year Indian government bond yield ended at 7.2318%. The yield rose two basis points on Thursday ...

Find out your eligibility to avail of personal loan [ad_1] [ad_2]

Ombudsmen disposed of 32% more complaints against insurers in 2021-22 An alternative mode of resolving disputes over insurance claims has helped dispose of 32 per cent more complaints in 2021-22 year-on-year. Insurance ombudsmen disposed of 40,527 complaints against insurance firms across the country during the year, compared with 30,596 in 2020-21. While the break-up for 2021-22 ...

POTD vs Bank FD: Highest interest rates for 1-3 year tenure [ad_1] Banks have increased the interest rates on fixed deposits (FDs) of various tenures. This is good news for risk-averse people who have been forced to accept decadal low interest rates as a result of banks’ ongoing rate reductions in previous years. Post office term deposits Every three months ...

PE, Sovereign funds making larger investments in Indian tech firms Private Equity (PE) funds and sovereign funds are making more investments in India’s tech companies after the slowdown from hedge funds and momentum investors like SoftBank and Tiger Global. Recently, Advent International has closed in on an investment in KreditBee, according to a report by Economic Times (ET). Advent may ...