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Are rising FD rates ending, and what should investors do? New Delhi: As banks have started accepting Rs 2,000 notes now that the currency has been withdrawn from circulation, the higher deposit base is likely to result in a temporary spurt in liquidity, which means the era of rising fixed deposit rates may be ending soon. Even the Reserve Bank ...

RBI deputy Guv urges banks to address gaps in governance framework M Rajeshwar Rao, Deputy Governor, RBI MUMBAI (Reuters) – The boards of Indian banks should address gaps in governance frameworks, including ensuring appropriate risk management practices and adhering to acceptable customer and market conduct, a deputy governor of the Reserve Bank of India (RBI) said in a speech ...

IRDAI asks insurers to suo motu settle claims of Odisha rail mishap victims The Insurance Regulatory and Development Authority of India (Irdai) has asked the insurance companies to undertake “suo motu” settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported on Monday. The insurers have been asked to “immediately” contact the administration and ...

RBI may maintain pause on interest rate as inflation declines: Experts The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed ...

RBI-MPC may lower inflation forecast marginally: BoB Chief Economist The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda. “The MPC will not change the ...

HDFC Bank services: These HDFC Bank services will not be available on these days due to scheduled downtime [ad_1] HDFC Bank has informed its customers, via email, that due to a scheduled downtime for necessary system maintenance and upgrades , certain services won’t be available. According to the HDFC Bank email sent to customers, “As part of our ongoing commitment ...

Not a merger with Sahara Life, just transfer of policyholders: SBI Life SBI Life, a subsidiary of country’s biggest lender State Bank of India (SBI), has said it is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance. On Friday regulator Irdai directed SBI Life ...

How you can minimise the impact of 20% TCS on foreign trips Your international trips are about to get a tad more expensive and cumbersome from July as every dollar now spent abroad will incur a 20 per cent tax collected at source (TCS). International credit cards will no longer be exempted from this regulation. While you can claim a ...

RBI releases draft on cyber resilience, digital payment security controls According to the RBI’s release, the central bank has invited feedback from the shareholders on the same

Irdai asks SBI Life to acquire Sahara India’s Life Insurance business Regulator Irdai on Friday directed SBI Life Insurance Company to take over the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co. Ltd (SILIC) with immediate effect. The decision was taken at the meeting of the Insurance Regulatory and Development ...