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PNB hikes FD interest rates by up to 30 bps; check latest fixed deposit rates [ad_1] Punjab National Bank (PNB) has increased interest rates of select fixed deposits (FDs) tenures by up to 30 basis points (bps). The new interest rates will be applicable for fixed deposits of less than Rs 2 crore. The increased interest rates on the FDs ...

Indians spent nearly $10 billion on foreign travel in April-December Indians spent around $10 billion on overseas travel between April and December, a report by the Times of India (TOI) said, citing data from the Reserve Bank of India (RBI). It is the highest ever such figure, even more than the spending in any financial year. Before ...

Lessons from the Adani affair: Stay boring and keep making money [ad_1] Politics and conspiracies aside, what exactly is the takeaway for investors from the events surrounding the Adani stocks over the past few days? It’s more than a little hard for investors to keep a cool head when stocks are falling thick and fast and but here’s a counterintuitive ...

Retirement planning: How to choose the right annuity plan [ad_1] An annuity is an agreement between two parties wherein the insurer agrees to make a series of payments at regular intervals of time to the annuity purchaser. A lump sum or staggered investment is made by the buyer for the annuity plan chosen by them. An annuity is considered as ...

Balance long-term and short-term money goals: The efficient way of handling your finances [ad_1] Shruti and Ashish Shah are a working couple in their late thirties. They like to live well and spend money on the things they enjoy. Their primary savings are the 7 and 10-year fixed deposits that both of them are making along with the investments they ...

What is the rule of 72 in investing: 5 things to know [ad_1] 1.The Rule of 72 indicates how fast your money will double at a given rate of return.2.When you divide 72 by the estimated annual rate of return, you get the number of years it will take for your money to double. So, if you are getting 8% ...

Flows into NRI deposits up 76% to $5.4 billion in April-December The flow of money into deposits of Non-Resident Indians (NRIs) rose 76 per cent to $5.4 billion in April-December this financial year over $3.07 billion in the same period 2021. However, the streak of decline in outstanding NRI deposits (what is shown in the ...

Gap between rise in MCLR, term deposits crosses 40 basis points The rate hikes undertaken by the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) since May to bring down the inflation rate has resulted in a 120 basis points (bps) increase in the one-year median marginal cost of funds-based lending rate (MCLR) by banks. ...

BoM tops list of public sector lenders in loan growth, asset quality Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23, an analysis of the latest financial results of public sector banks showed. The Pune-based lender recorded a 21.67 ...

NARCL may revive Srei’s group’s infra financing arm SIFL, wind up SEFL Public sector asset reconstruction company NARCL is likely to revive Srei Infrastructure Finance Ltd (SIFL) and wind up the group’s equipment financing arm SEFL after recovering outstanding debt in seven years, a source said on Sunday. NARCL (National Asset Reconstruction Company) on Wednesday ...