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SBI FD rates: State Bank of India hikes term deposit rates by 15-100 basis points With rising competition for mobilising resources amongst banks, the State Bank of India has raised interest rates by 15-100 basis points on domestic term deposits, including bulk deposits, effective today. For bulk deposits (amounts Rs two crore and above), the maximum increase is in ...

Bank locker: New locker rules: Banks need to provide new locker agreement to customers by Jan 1, 2023 [ad_1] Bank locker customers must ensure that they have signed a new locker agreement which will be effective from January 1, 2023. Banks like Punjab National Bank (PNB) are sending SMSs to customers alerting them of the same. According to the message ...

SBI FD interest rates: SBI hikes FD interest rates by up to 65 bps; Senior citizens can earn up to 7.25% [ad_1] The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 65 basis points. According to the SBI website, the increase in FD interest rates ranges from 25 basis points to ...

ICICI Bank raises Rs 5,000 crore through bonds to fund business growth Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis, the ...

RBI circular permits resident entities to hedge gold price risks at IFSC The Reserve Bank on Monday permitted resident entities to hedge their exposure to price risk of gold on exchanges in the International Financial Services Centre (IFSC). Resident entities in India are currently not permitted to hedge their exposure to price risk of gold in overseas ...

RBI imposes penalty on 13 cooperative banks for breaching regulatory norms The Reserve Bank of India on Monday announced penalties on 13 cooperative banks for contravention of various regulatory norms. The penalties range between Rs 50,000 and Rs 4 lakh. The maximum penalty of Rs 4 lakh has been imposed on Shri Kanyaka Nagari Sahakari Bank, ...

In a first: Bajaj Allianz set to launch surety bonds on December 19 At least three insurance companies are looking to launch a surety insurance product, of which Bajaj Allianz General is set to be the first company to launch the product on December 19. This will make it the first general insurance company to launch the ...

4 MS Excel functions you can use to manage your personal finances [ad_1] Excel spreadsheets simplify personal finance management by making number crunching easy. [ad_2]

UTI Mid cap mutual fund review: Needs to plug gap with index [ad_1] ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTSDATE OF LAUNCH 4 JUL 2004 CATEGORY EQUITY TYPE MID CAP AUM* Rs.7,348 crore BENCHMARK ...

Govt not to make RBI report on MPC’s first-ever inflation failure public The government will not make the Reserve Bank of India’s report on failure to achieve its inflation mandate public, Pankaj Chaudhary, minister of state in the finance ministry said in Parliament on Monday. “RBI has furnished a report to the central government, as mandated under ...