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RBI approves Prashant Kumar’s appointment as Yes Bank CEO for three years The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022. Earlier in July this year, the alternate Board of the private sector lender had recommended to the ...

silver jewellery hallmarking: Is hallmarking mandatory for silver jewellery, coins? [ad_1] With the festive season upon us, the demand for gold and silver jewellery is likely to go up. It is considered auspicious to buy these precious metals during Diwali and Dhanteras. To ensure quality and protect consumer interests, hallmarking was made mandatory for gold jewellery in the notified districts. ...

RBI Guv Das launches advanced supervisory monitoring system DAKSH Reserve Bank Governor Shaktikanta Das on Thursday launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust. In a statement, the Reserve Bank of India (RBI) said it has been taking various initiatives in strengthening ...

Home Loan Interest Rates: These banks have hiked home loan interest rates in last one week [ad_1] HDFC As per the BSE notification by HDFC, “HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its adjustable rate home loans (ARHL) are benchmarked, by 50 basis points, with effect from October 1, 2022.” According to the HDFC ...

6 facts about IPO investment in HNI category [ad_1] 6 facts about IPO investment in HNI category [ad_2]

Cost of spending on digital transformations plateauing: HDFC Bk’s Parag Rao India’s largest private lender HDFC Bank is witnessing a plateau in its cost to income when it comes to the spending on digital transformations, Parag Rao, group head (payments, consumer finance, digital banking, and IT) said on Thursday. Speaking on the sidelines of a product launch ...

Surplus, high savings help achieve money goals [ad_1] [ad_2]

Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands Ujjivan Small Finance Bank posted 44 per cent year-on-year (YoY) growth in advances at Rs 20,938 crore in the second quarter ended September 2022 (Q2 FY23). Sequentially, its loan portfolio expanded by eight per cent over Rs 19,409 crore at end of June 2022 (Q1 ...

ppf interest rate: Was PPF interest rate hiked for the October-December 2022 quarter? [ad_1] While the government increased the interest rates of certain small savings schemes, PPF interest rate was not changed. According to a circular issued by the Finance Ministry on September 29, the interest rates of three small saving schemes have been hiked by 10 bps to 30 ...

canara bank loan interest rate: Canara Bank hikes loan interest rates: Check latest lending rates [ad_1] Canara Bank has increased the Repo Linked Lending Rate (RLLR) and Marginal Cost of Funds Based Lending Rate (MCLR). The new interest rates are effective from October 7, 2022, according to the bank’s official website. Canara Bank MCLR Canara Bank increased rates on overnight ...