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Kotak Mahindra Bank takes corporate digital banking portal ‘Kotak fyn’ live Private sector lender Kotak Mahindra Bank on Tuesday went live with ‘Kotak fyn’, an integrated portal developed to offer comprehensive digital banking and value-added services to its business banking and corporate clients. The portal will offer services across all products, including trade & services, ...

Banks’ improving performance supports intrinsic creditworthiness: Fitch A sustained improvement in the financial performance of Indian banks bodes well for the sector’s intrinsic risk profiles, according to global rating agency Fitch. The pace of asset quality and profitability improvement has exceeded expectations, while capital buffers are broadly in line with the projections, it said in ...

EPFO Pension Circular: EPFO opens window for higher pension under EPS for eligible employees; read the full guidelines here [ad_1] The Employees’ Provident Fund Organisation (EPFO) has opened a window for eligible employees who could not opt for the higher pension under Employees Pension Scheme (EPS) earlier. The option to opt for higher pension has come after Supreme Court in ...

More insurance players required for diverse needs of citizens: Irdai chief While India’s insurance sector has greatly matured from the time it was opened up 20 years ago, the emerging needs of various sections of the populations have made it amply clear that the existing 70-odd players cannot fulfil all of them. Hence, the entry of new ...

Tax-saving FD: These banks are offering the highest interest rates on tax-saving fixed deposits [ad_1] [ad_2]

India, Singapore link systems for real-time cross-border fund transfers India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick movement of funds. Reserve Bank of India’s Governor Shaktikanta Das initiated the first transaction with his counterpart Managing Director Ravi Menon, ...

UPI PayNow: UPI-PayNow launched: Who can use, daily limit, how it will benefit you [ad_1] To enable faster remittances between India and Singapore, India’s retail payment system Unified Payments Interface (UPI), and its equivalent network in Singapore called PayNow were integrated on February 21, 2023. This linkage will allow users from both countries to access faster and more cost-efficient cross-border ...

Rupee depreciates 3 paise to 82.76 against US dollar in early trade The rupee depreciated 3 paise to 82.76 against the US dollar in early trade on Tuesday, weighed down by a strong American currency. Forex traders said the rupee is trading in a narrow range as a positive trend in domestic equities and easing ...

Indian bank’s performance till Dec 22 exceeds expectations: Fitch Ratings The pace at which the asset quality and profitability of Indian banks have improved has exceeded expectations, while capital buffers are broadly in line with Fitch Ratings’ projections. There is a further upside in performance and this could persist for longer than expected, according to the agency. ...

EPS 95 Pension: How will employees opting for higher EPS 95 pension compensate for lower contributions earlier? [ad_1] After the Supreme Court’s decision on November 4 last year to allow higher pension to eligible employees under the Employees’ Pension Scheme, 1995, (EPS 95) the Employees’ Provident Fund Organisation (EPFO) has now issued a circular explaining how it will be implemented. ...