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SBI loans to get costlier as bank hikes key lending rate; Details here The State Bank of India (SBI) announced a hike in the marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) across tenures. The new rates will be effective from February 15. MCLR is the minimum rate at which a bank can ...

Kotak Bank arm raises $590 mn fund for data centre investments in India A Kotak Mahindra Bank arm on Tuesday announced that it has raised $590 million (about Rs 4,885 crore) for investments in the data centres in the country. Kotak Investment Advisors (KIA) said it plans to raise $800 million under the Kotak Data ...

Loans on debit cards to be governed by digital lending guidelines: RBI Loans offered on debit cards, including equated monthly instalment (EMI) programmes, would be governed under the digital lending guidelines of the Reserve Bank of India, the central bank clarified on Tuesday. EMI programmes on credit cards would continue to be governed by rules ...

These banks have increased loan interest rates after the latest RBI repo rate hike [ad_1] [ad_2]

How to set-up e-mandate for recurring payments on your SBI debit card [ad_1] How to E Mandate works As per the mandate provided to Bank, post validation through Additional Factor Authentication, recurring transaction will be carried out on the due date. Pre-Debit Notification, 24 hours prior to actual debit, will be sent to the customer. [ad_2]

PSBs write off Rs 29,000 cr in Q3FY23 as part of a clean-up exercise Public-sector banks (PSBs) in Q3FY23 wrote off bad loans worth Rs 29,000 crore, up from Rs 23,000 crore in the same quarter a year ago, as part of a clean-up exercise. According to estimates by rating agency CARE Ratings, the write-offs by PSBs in ...

Bajaj Finance FD Interest Rates: Bajaj Finance special tenure FD interest rates [ad_1] Bajaj Finance offers special tenures to earn higher returns on FD rates, according to a company press release. The latest interest rates on its FD plans, risk-averse depositors can now receive a maximum interest rate of 8.10% per annum on their fixed deposits.Bajaj Finance has introduced special ...

FD interest rate: Latest FD (fixed deposit) interest rates after RBI rate hike: SBI Vs Yes Bank vs PNB Vs HDFC Bank Vs ICICI Bank [ad_1] The Reserve Bank of India’s (RBI) hiked the repo rate by 25 basis point (bps) during its Monetary Policy Committee (MPC) meeting on February 8, 2023. While some banks are taking their time raising ...

SBI Credit Cards Processing Fee Hike: SBI Cards hikes processing fee on rent payments made via credit card: Check charges of other credit cards [ad_1] SBI Cards customers who pay their rent via credit card would be charged Rs 199 + applicable taxes, up from Rs 99 + applicable taxes, according to an SMS and email sent to SBI Cards ...

financial planning: Joint financial planning: How a couple in their 30s with monthly income of Rs 2 lakh can achieve financial stability [ad_1] Joint financial planning is process in which couples works together to create a comprehensive plan for their financial future. The goal of joint financial planning is to align a couple’s financial goals and priorities and create a ...