Blog

Bank of Baroda hikes interest rates on retail term deposits by up to 65 bps Bank of Baroda, one of India’s leading public sector banks, on Friday announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and NRE Term Deposits, by up to 65 basis points across various tenors. These rates are applicable on ...

Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023 [ad_1] Here is a comparison of FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 12 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara ...

Ind-Ra upgrades issuer rating for Bank of India, cites capital position India Ratings and Research (Ind-Ra) has upgraded Bank of India’s (BoI) long-term issuer rating from “AA” from “AA+”, reflecting the state-owned lender’s capital position and operating buffer. The outlook is stable, said Ind-Ra in a statement. BoI, since FY21, has reported consistent profitability which, along with ...

10 simple personal finance resolutions to make this year [ad_1] 10 simple personal finance resolutions to make this year [ad_2]

union budget 2023: Budget 2023: How to make RBI’s digital rupee a success [ad_1] The Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. The Reserve Bank of India’s (RBI) retail digital rupee can provide access to safe money for payment and settlement as it is a direct liability of the central ...

Bank Holiday Today: Is it a bank holiday for Lohri? [ad_1] Depending on the festival being celebrated in states, the holidays vary from place to region. The Reserve Bank of India (RBI) publishes a list of holidays by month and state. The RBI announces bank holidays in three categories: Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and Banks’ ...

RBI open to non-bank arms route to end stalemate with ESMA: Report The Reserve Bank of India (RBI) is open to European banks trading in government securities and carrying out custody businesses via their locally incorporated non-banking arms, The Economic Times reported on Friday. The proposal was discussed during a meeting between RBI deputy governor T Rabi Sankar and ...

Digital Personal Data Protection Bill: What rights does it give individuals? [ad_1] In 2017, the Supreme Court of India recognized the Right to Privacy as a fundamental right under the Constitution and laid down certain privacy principles relevant to informational privacy (i.e., data privacy). The court also acknowledged the absence of a comprehensive privacy law and noted the gaps present ...

Rupee to open higher on Friday as data boosts smaller Fed rate-hike bets By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open higher against the dollar on Friday after the U.S. inflation reading reinforced expectations that the Federal Reserve would opt for a smaller rate hike at the upcoming ...

United Forum of Bank Unions call nationwide bank strike on January 30, 31 The United Forum of Bank Unions (UFBU) on Thursday decided to go on two-day strike from January 30 demanding a five-day working week for bank staff, among others. “There was no response from IBA [Indian Banks’ Association] on our demand despite letters. ...