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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, ...

Government focusing on public expenditure to propel growth, says FM Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government over the years has been to increase public expenditure with a view to promote growth. Speaking at the Post-Budget interactive session with the members of the industry chamber PHDCCI, the minister said ...

Aadhaar Enrollment: Now separate forms for Aadhaar enrollment and updation for adults, children in different age groups [ad_1] The Unique Identification Authority of India (UIDAI) announced that different forms will be used for Aadhaar enrolment and updating of Adult residents (>18 years) and Children (0-5 and 5-18 age groups separately). UIDAI made this announcement via an office memorandum dated February ...

Several banks open special vostro accounts for overseas trade in rupee Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee and many countries have expressed interest to have this arrangement for the local currency trade, a top government official said on Wednesday. Director General ...

Bank Savings Account Interest Rate: This bank offers up to 7.25% interest rate on savings account [ad_1] While many big banks are not offering beyond 4% interest rate on savings accounts, DCB Bank has hiked their savings account interest rate to offer a maximum interest rate of up to 7.25%. DCB Bank savings account interest ratesAccording to the bank’s official ...