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Want to file a complaint against a bank or NBFC? Here's a step-by-step guide [ad_1] [ad_2]

bank fd interest rates: Bank FD offers 8.5% interest: Which is the right amount to invest that will be fully safe? [ad_1] Fixed deposit (FD) investors are a happy lot thanks to rising interest rates. Back-to-back repo rate hikes by the Reserve Bank of India (RBI) since May 2022 to fight against inflation, have pushed banks to increase interest rates ...

Why a simple, well-crafted portfolio is all that is needed to build wealth [ad_1] We humans have a lot of behavioural quirks that sometimes work against us. There are many such when it comes to our finances and investments. One of them is our craze to invest in the product that offers the best returns and keep switching our investments. ...

Rupee up briefly, searches for direction around familiar resistance level By Nimesh Vora MUMBAI (Reuters) – The Indian rupee briefly rose against the dollar above a level that’s being closely watched by traders, but was unable to pierce it convincingly. The rupee was trading at 81.25 per U.S. dollar by 10:32 a.m. IST compared with ...

Bandhan Bank Q3 profit slumps 66% to Rs 291 crore on higher provisions Private lender Bandhan Bank Ltd on Friday reported a 66% slump in third-quarter profit, hurt by higher provisions and lower interest income. Net profit for the quarter-ended Dec.31, 2022, fell to 2.91 billion rupees ($35.85 million) from 8.59 billion rupees a year ...

Indian banks’ switch to IFRS norms unlikely to drive rating changes: Fitch MUMBAI (Reuters) – The benefits of Indian banks’ switching to the International Financial Reporting Standards (IFRS) accounting rules will outweigh any short-term impact on capital levels and is unlikely to drive rating changes, said credit rating agency Fitch. While the Reserve Bank of ...

Raise credit penetration in 112 aspirational dists, FinMin tells banks The Finance Ministry on Friday asked banks to further increase credit penetration in aspirational districts and ensure availability of at least one banking outlet within 5 km of all inhabited villages. Progress of 112 Aspirational Districts under Targeted Financial Inclusion Intervention Programme (TFIIP) was discussed ...

Canara Bank to sell its stake in Russian joint venture to SBI for Rs 114 cr Canara Bank on Friday said it plans to sell its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI) for about Rs 114 crore. CIBL, incorporated in 2003, ...

Bombay HC sets aside YES Bank’s Rs 8,000-crore AT1 bond write-off The Bombay High Court on Friday set aside YES Bank’s erstwhile administrator’s decision to write down additional tier 1 (AT1) bonds worth over Rs 8,000 crore held by bondholders and retail investors. The court, however, stayed the order for six weeks, which the bank ...

Rupee closes at 81.18 against US dollar amid surge in crude oil prices The rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said. ...