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RBI launches mission to make every citizen a user of digital payment While digital payments have skyrocketed during the past few years, a significant portion of the population still does not use digital payments for day-to-day transactions. In order to bridge this gap, Reserve Bank of India (RBI) governor Shaktikanta Das on Monday launched a mission — ...

Rupee appreciates 24 paise to 81.73 against US dollar in early trade The rupee gained 24 paise to 81.73 against the US dollar in early trade on Monday amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit ...

Rupee poised to extend rally on soft dollar index, positive risk mood The Indian rupee is expected to open higher versus the U.S. currency on Monday, building on last week’s rally, helped by the pullback in the dollar index and U.S. yields and an upbeat risk sentiment. The non-deliverable forwards indicate the rupee will open ...

68% earning women buy health insurance policies without help: Survey [ad_1] Financially independent women are more aware and confident about purchasing health insurance, reveals a survey by ICICI Lombard. Are you aware that there are women-specific health insurance plans?77% Yes23% No Financially independent women are more aware about women-specific health plans What are the top reasons for buying health insurance?Financial ...

Kotak Mahindra Bank to create vertical for mid-market firms Kotak Mahindra Bank is set to create a separate vertical for mid-market companies having turnover between Rs 500-1,500 crore to increase its focus on the segment. The private sector lender is also keen to increase its focus on high-margin structured finance, a top official has said. ...

BoB cuts interest rates on home and MSME loans taken till month end With competition turning intense ahead of the year end, Bank of Baroda cut the interest rate on housing loans by 40 basis points (bps) on Sunday, to 8.5 per cent, linked to the borrower’s credit profile. The interest rate rebate is applicable on loans ...

EPFO clause makes opting for higher pension nearly impossible [ad_1] (This story originally appeared in on Mar 04, 2023) NEW DELHI: Employees’ Provident Fund Organisation (EPFO) has activated its unified portal for subscribers to sign up for higher pension, but has thrown in procedural complexities that make it virtually impossible to apply. Responding to an RTI query on February 3, ...

RBI puts restrictions on Musiri Urban Co-operative Bank; caps withdrawal The Reserve Bank of India on Friday imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank as part of several restrictions slapped on the lender due to its deteriorating financial condition. The restrictions on the lender will ...

Axis Mutual Fund aim for Rs 50 cr from new fund in primary subscription Axis Mutual Fund aims to collect around Rs 50 crore from the new fund it is launching next Monday during the primary subscription period. The fund offer — Nifty G-Sec September 2032 index fund — is an open-ended target maturity debt ...

Rupee vs Dollar: Rupee records best one-day rise against US dollar in nearly 4 months The rupee strengthened sharply against the US dollar on Friday, registering its sharpest single-day rise since November 11, as overseas investors sold the greenback, largely for investment in Adani group shares, dealers said. An easing in the US dollar index ...