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Kotak Mahindra Bank hikes loan interest rates [ad_1] Kotak Mahindra Bank has revised its Marginal Cost of Funds Based Lending Rate (K-MCLR) across all tenures after the Reserve Bank of India hiked the repo rate by 25 basis points (bps) in its latest monetary policy meeting. The revised Kotak Mahindra Bank MCLR are effective from February 16, 2023. Kotak Mahindra ...

Paytm, Google Pay, Amazon Pay, PayU, others: Which online payment aggregator is allowed to operate, which isn’t? RBI full list [ad_1] List of PAs whose applications were returned / withdrawn – Cannot operate Name of the entity Whether Existing PA / New PA Remarks Akonto Payment Solutions Private Limited Existing PA Application returned on 19.01.2023 Aggrepay Payments Solutions Private Limited ...

Why avoiding auto-renewal of bank fixed deposits could get you better return now [ad_1] In case you are not able to keep a track of your multiple investments such as fixed deposits (FDs), you may opt for the auto-renewal option offered by banks. However, auto-renewal may not be the best option for investors, especially in the current scenario, when the ...

HDFC Bank RuPay Credit Card now live on UPI: How to link RuPay Credit Card on UPI? [ad_1] Customers of HDFC Bank can now use their RuPay Credit Card on UPI with the BHIM App and other UPI-enabled apps, according to a press release issued by HDFC Bank and National Payments Corporation of India (NPCI). To directly enable safe and ...

HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore Housing Development Finance Corp. priced its biggest ever rupee bond issuance ahead of a merger with its banking unit, which will create an Indian financial services behemoth valued at more than $200 billion. India’s largest mortgage lender will raise Rs 25000 crore ...

Rupee up 21 paise to 82.62 against dollar amid firm trend in equity mkt The rupee gained 21 paise to 82.62 against the US dollar in early trade on Thursday supported by broad dollar weakness and a firm trend in domestic equities. Forex traders said upbeat domestic trade deficit data and foreign fund inflows supported ...

Dollar climbs on higher rate expectations, Aussie slides on jobs shock By Rae Wee SINGAPORE (Reuters) – The dollar advanced on Thursday after strong U.S. retail sales data underpinned the resilience of the world’s largest economy, cementing the case that the Federal Reserve still has further to go in tightening rates. Elsewhere, the Australian ...

MFIs set for better days, as collection improves, loan sales jump Microfinance players have already come out of the massive hit they took during the pandemic and are likely to report lower credit cost by the end of this fiscal, as growth momentum is on an upswing, says a report. India Ratings has revised the ...

Over 50 entities get in-principle approval for PA license; 28 under review The Reserve Bank of India (RBI) has granted in-principle approval to over 50 entities for a payment aggregator’s license so far, while 28 applications are still under review, the central bank said on Wednesday, when it published the list of entities that applied for the ...

SBI Home Loan Interest Rate: SBI increases home loan, car loan, personal loan interest rates [ad_1] The State Bank of India (SBI) has raised loan interest rates namely MCLR, EBLR, RLLR following the 25 basis point increase in the repo rate by the Reserve Bank of India (RBI) to 6.50 percent. The new lending rates are effective from February 15, ...