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postal life insurance policy: Post Office Life Insurance policy bonus declared for FY 2023-2024 [ad_1] The government has announced the bonus for Post Office Life (PLI) Insurance policyholders. The rates of Bonus for the Financial Year 2023-24 will be applicable from 01.04.2023. According to the Ministry of Communications notification dated January 4, 2023, “—In exercise of powers conferred vide Rule ...

India lets banks use face recognition, iris scan for transactions: Rpts The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and ...

Credit growth of scheduled commercial banks tapers off in December Banks extended loans of almost Rs 1.5 trillion during the fortnight ended December 30

Piyush Goyal calls for redoubling efforts at WTO for TRIPS waiver Commerce and Industry Minister Piyush Goyal on Friday pitched for increasing efforts at the World Trade Organization (WTO) for getting patent waivers for diagn­ostics and therapeutics used to deal with the Covid-19 pandemic. In June last year, members of the WTO agreed to grant a temporary patent ...

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr Dynasty Acquisition (FPI) on Friday divested 2.14 per cent stake in the non-banking financial company (NBFC) Shriram Finance for Rs 1,040 crore through open market transactions. The buyers include — FID Funds Mauritius, Societe Generale, BNP Paribas Arbitrage, and ICICI Prudential Life Insurance Company, ...

Forex reserves drop by $1.268 billion to $561.583 billion, says RBI India’s forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said on Friday. The overall reserves had increased by USD 44 million to USD 562.851 billion in the previous reporting week after two consecutive weeks of ...

Explore how you can use CRED to improve your money management in 2023 [ad_1] January is the month of beginnings. It is that time of the year when we assess our lifestyle, chalk out life plans and goals, look at finances, work towards building new habits, etc. Of all the aspirations, money management is a vital resolution for many. The ...

Bank of Baroda hikes interest rates on retail term deposits by up to 65 bps Bank of Baroda, one of India’s leading public sector banks, on Friday announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and NRE Term Deposits, by up to 65 basis points across various tenors. These rates are applicable on ...

Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023 [ad_1] Here is a comparison of FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 12 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara ...

Ind-Ra upgrades issuer rating for Bank of India, cites capital position India Ratings and Research (Ind-Ra) has upgraded Bank of India’s (BoI) long-term issuer rating from “AA” from “AA+”, reflecting the state-owned lender’s capital position and operating buffer. The outlook is stable, said Ind-Ra in a statement. BoI, since FY21, has reported consistent profitability which, along with ...