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Union Bank of India hikes home loan, other loan interest rates [ad_1] Union Bank of India has increased its marginal costs of funds-based lending rates (MCLR) across all tenures. According to the bank’s website, the revised interest rates will be effective between January 11, 2023 and 10th February 2023. After the hike, the Union Bank of India’s overnight MCLR rate ...

Cabinet clears Rs 2,600 cr scheme to promote RuPay debit card: Officials The Cabinet on Wednesday approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the ...

These banks have increased loan interest rates in January 2023 – Banks hike loan interest rates [ad_1] These banks have increased loan interest rates in January 2023 – Banks hike loan interest rates | The Economic Times 11 Jan 2023, 04:26 PM IST 1/7 Banks hike loan interest rates After the Reserve Bank decided to raise the repo rate in ...

Commercial loan origination volumes dip 4.3% in FY22; avg ticket sizes jump Commercial lending origination volumes declined by 4.3 per cent to 22.2 lakh loans in the COVID-affected FY22, a credit information company said on Wednesday. If one has to look at the originations by value, there was a 73 per cent jump to Rs ...

Joint home loans: Who can take, benefits [ad_1] Joint home loans: Who can take, benefits [ad_2]

EnKash gets RBI’s in-principle nod to operate as online payment aggregator Spending management platform EnKash on Wednesday received an in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. The payment aggregators facilitate e-commerce sites and merchants to accept payment instruments from customers. They help merchants to connect with ...

Should you book your FD now or wait for higher interest rates? Here’s why you need to do both [ad_1] The interest rates on fixed deposits have seen a sharp rise since May 2022 when the Reserve Bank of India (RBI) started increasing the repo rates to curb inflation. Due to frequent repo rate hikes, there has been an overall ...

Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy The government is expecting to get financial bids for IDBI Bank’s strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation’s ...

budget 2023: Here’s how Budget 2023 may change LTCG, STCG on stocks, mutual funds, gold and property [ad_1] In simple terms, any profits or gains arising from sale/ transfer of a capital asset is termed as income under the head ‘capital gains’. Under the Income-tax Act, 1961, a capital asset includes movable assets such as jewellery, archaeological collections and drawings, ...

Aadhaar seeding for Atal Pension Yojana (APY) subscribers using CRA portal, mobile: Important features, how to use [ad_1] For the advantage of subscribers, the Pension Fund Regulatory and Development Authority (PFRDA) now offers Aadhaar sending for Atal Pension Yojana (APY) subscribers through the CRA portal and the NPS mobile app “APY and NPS Lite”. According to a PFRDA circular dated ...