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Banks loans rose 16.4% YoY in two weeks to Sept 23, deposits up 9.2%: RBI Oct 7 (Reuters) – Indian banks’ loans rose 16.4% in the two weeks to Sept. 23 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 787.65 billion rupees ($9.56 ...

Bajaj Finance FD Interest Rate: Bajaj Finance hikes FD interest rates by 30 bps: Earn up to 7.50% [ad_1] Bajaj Finance has increased the interest rates on fixed deposits (FD) by up to 30 basis points. The revised rates are applicable on FDs up to Rs 5 crore and will be effective from October 7, 2022, stated Bajaj Finance in ...

Short on cash? You can pause your MF SIP instalment [ad_1] Short on cash? You can pause your MF SIP instalment [ad_2]

RBI to launch e-rupee on pilot basis for limited use; issues concept paper The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use cases with a view to bolstering India’s digital economy, making payment systems more efficient, and checking money laundering. In a concept note on Central Bank Digital ...

What is Digital Rupee? Digital Rupee Features and Differences [ad_1] Explaining the features and purpose of India’s very own digital currency, the Reserve Bank of India (RBI) on October 7, 2022 released a concept note on Central Bank Digital Currency (CBDC). RBI will soon start the pilot launch of the digital rupee for specific use cases. The concept note explains ...

IDBI Bank privatisation: Govt, LIC together to sell 60.72% majority stake The government is looking to sell a 60.72% majority stake in IDBI Bank and has invited expressions of interest, it said in a notification on Friday. State-owned Life Insurance Corporation of India will also be diluting its holding in IDBI Bank as part of the state’s ...

Canara Bank FD Interest Rate: Canara Bank hikes FD interest rates; Senior citizens can earn up to 7.50% interest on this tenure [ad_1] Canara Bank has increased the interest rates on fixed deposits (FDs) for amounts below Rs 2 crore. The bank also unveiled a new fixed deposit (FD) plan, where the general public can earn interest rate of 7% ...

ICICI Bank Smart Wire: ICICI Bank launches Smart Wire for inward remittances: How to use, key features [ad_1] ICICI Bank has launched an online service to assist its customers in making SWIFT-based inward remittances more quickly and easily. The feature, known as “Smart Wire,” enables inward remittance transactions to be completed electronically for both NRIs and resident customers. Customers can ...

RBI sells dollars as rupee hits record low on US interest rate hike fears The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the U.S. Federal Reserve rate outlook, traders told Reuters. The rupee was last trading ...

How to check Authorised & Unauthorised Forex trading dealers list? [ad_1] Did you know that conducting forex transactions on unauthorised platforms could land you in legal trouble? The Reserve Bank of India (RBI) has recently issued an ‘alert list’ comprising names of entities which are neither authorised to deal in foreign exchange under the Foreign Exchange Management Act (FEMA), 1999 ...