Blog

ICICI Bank hikes FD interest rates by up to 50 bps; senior citizens can earn up to 7.6%, others can get up to 7.1% [ad_1] After SBI and HDFC Bank, ICICI Bank raised fixed deposit (FD) interest rates on retail deposits of up to Rs 2 crore. The bank has hiked interest rates by up to 50 basis points (bps) ...

Rupee depreciates 9 paise to 82.73 against US dollar in early trade The rupee depreciated 9 paise to 82.73 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At ...

Can you claim higher pension from EPS if you were not contributing to EPF account in 2014? [ad_1] The Supreme Court in its judgment dated November 4, 2022, has provided clear-cut guidelines on who is eligible to apply for higher pension from the Employees’ Pension Scheme (EPS). However, it is possible that an employee was not making contributions to the ...

Indian banks to issue bonds to maintain capital levels: CARE Ratings With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of funds — deposits and borrowings are likely to increase, said CARE Ratings. “To support credit-off take, banks are expected to shore ...

HDFC Bank raises $750 million via dollar bond sale, to pay coupon of 5.686% The country’s largest private sector lender HDFC Bank on Thursday announced that it has raised USD 750 million through a dollar bond sale. The bank said it will be paying a coupon of 5.686 per cent for the three year bonds, ...

Banks can see rise in bad loans from retail, small businesses: SBI official Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the country’s largest lender said on Thursday. While loans to this segment have been growing fast, defaults have ...

Axis Bank-Citibank deal likely to be completed by March 1 Private sector lender Axis Bank has informed the stock exchanges that the deal to acquire Citibank India’s consumer business and NBFC business of Citicorp is expected to be completed by March 1. “We now wish to inform you that both parties have made progress on ...

UPI-PayNow linking: Who can use, daily limit, other details you must know [ad_1] [ad_2]

Senior Citizens FD: 5 banks offering best 1-year fixed deposit interest rates [ad_1] Senior Citizens FD: 5 banks offering best 1-year fixed deposit interest rates [ad_2]

Reliance General Insurance seeks a capital infusion of Rs 600 crore Reliance General Insurance, a subsidiary of Reliance Capital has sought a capital infusion of Rs 600 crore from its holding company to improve its solvency level. Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore. The ...