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Regulatory changes may bring new dawn for insurers: BFSI Summit panelists The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies ...

FD premature withdrawal charges of SBI, HDFC Bank, ICICI Bank, PNB – FD premature withdrawal [ad_1] According to the SBI website, “For Term Deposit up to Rs 5.00 lacs, the penalty for premature withdrawal will be 0.50% (all tenors). For Term Deposits above Rs 5.00 lacs, the applicable penalty will be 1% (all tenors).” For the duration that deposits were ...

Persistency ratio must improve for life insurance customers: CEOs at BFSI In order for life insurance customers to attain maximum benefits, it is crucial for the persistency ratio to be far higher than its current level, top executives of the industry said at the Business Standard BFSI Insight Summit on Thursday. The persistency ratio is ...

Home loan borrowers alert! Banks do not need to inform you individually about interest rate change [ad_1] [ad_2]

RBL Bank hikes home loan, other loan interest rates: Check new rates [ad_1] RBL Bank has raised its (marginal cost of funds-based lending rates) MCLRs across tenures by 10 basis points (bps). The new MCLRs will come into effect on December 22, 2022, according to the bank’s official website. With the hike in MCLR, any loan linked to it will ...

Fund transfer, bill payments, mobile top-up: Daily limits, charges| EconomicTimes [ad_1] Fund Transfer NEFT Daily limit is up to a cumulative of Rs.10,00,000/- per user. Charges for amounts ranging between Rs.1 to 10,000 is Rs 2.00 per transaction service tax, for amounts ranging between Rs.10,001 to 1,00,000, the charge is Rs 4 per transaction Service Tax ,for amounts between Rs.1,00,000 ...

Why is the RBI Guv worried about cryptocurrencies? Business Standard’s BFSI Insight Summit kicked off on Wednesday with a keynote fireside chat with the RBI Governor Shaktikanta Das, moderated by consulting editor Tamal Bandhopadhyay. Excerpts here

Bajaj Finance hikes FD interest rates by up to 25 bps; Senior citizens can earn 7.95% on this tenure [ad_1] Bajaj Finance, the lending subsidiary of Bajaj Finserv, has hiked its fixed deposit rates by up to 25 basis points. The new rates are effective December 22, 2022. The new rates on Bajaj Finance FDs will apply to new deposits ...

This small finance bank revises FD interest rates: Earn up to 8.50% [ad_1] Suryoday Small Finance Bank has revised the interest rates on fixed deposits of under Rs 2 crore. The new rates are applicable from December 21, 2022, according to the bank’s official website. Following the change, the bank will offer fixed deposits with maturities ranging from seven days ...

Sovereign green bonds can set standard for private fundraising: RBI’s Rao The pricing of the Centre’s sovereign green bond can act as a benchmark for private sector players’ fund raising through rupee bonds for ESG linkages, said Reserve Bank of India deputy governor M Rajeshwar Rao at the Business Standard BFSI Insight Summit. Finance minister ...