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This 110-year-old bank will stop operations from today: What happens to savings account deposits, FD, RDs of customers [ad_1] The Reserve Bank of India (RBI) in August announced that it has withdrawn the Pune-based Rupee Cooperative Bank’s banking licence and asked the Registrar of Cooperative Societies to liquidate it. The bank will cease to carry on banking business, with effect ...

IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting IndusInd Bank and RBL Bank have increased their marginal cost of funds-based lending rates (MCLR) effective Thursday, announcing their decision days ahead of the monetary policy meeting’s (MPC) meeting on repo rate. IndusInd Bank hiked its MCLR by 5 to10 basis points across tenors. The ...

Five govt schemes to ensure financial security for your domestic help – The Economic Times Video [ad_1] Domestic workers help daily with cleaning, cooking, driving, and much more. Yet, despite improving their financial condition over the years, many continue living in poverty without safety nets. Riju Mehta of The Economic Times lists a few schemes to help them become financially ...

Post Office term deposit vs Bank FDs: Highest interest rates for 2-year tenure [ad_1] The interest rates offered by banks on fixed deposits (FDs) depends on the tenure chosen and the amount. Even Post Office term deposits interest rates vary when it comes to the tenure. India Post Term deposits (POTD)India Post offers term deposits in four categories: 1 year, ...

Rupee slumps to new low as Fed hikes rates, signals longer tightening cycle The rupee weakened sharply against the US dollar, hitting a fresh low, as the greenback surged following a 75-basis-point rate hike by the Federal Reserve. The dollar’s strength was also amplified by indications from the Fed that its rate hike cycle would continue for longer than ...

11 FAQs answered on tokenisation of credit, debit cards [ad_1] [ad_2]

Indian rupee tipped to fall further after reaching record low: Analysts The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation. The rupee opened at a record low of 80.2850 per U.S. dollar, down from ...

Govt hikes gold, silver hallmarking charges; here are the details of new charges [ad_1] Getting your gold, silver jewellery hallmarked has become dearer. This is because the government has hiked the charges of gold and silver hallmarking by Rs. 10 per piece in each case. As per a notification issued by the Bureau of Indian Standards (BIS) on March 4, ...

Banking system liquidity may remain in deficit in second half: Analysts Liquidity in India’s banking system is likely to remain in deficit in the second half of this financial year as credit growth picks up and the circulation of currency notes rises, analysts said. The country’s banking liquidity slipped into deficit on Tuesday for the first time ...

Why are government and regulators uneasy about fintech’s rise? Taking note of a host of complaints, the Reserve Bank of India had come out with the first leg of the digital lending norms in August. It allowed loan disbursals only by entities regulated by the banking regulator. The government too recently launched a cracked down on several illegal ...