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floating rate fd: Is this the right time to invest in floating rate FDs to benefit from rising interest rates? [ad_1] In a rising interest rate scenario if you book your fixed deposit (FD) now and the rate rises later, you will end up losing interest on your FD. However, nobody is sure how long the interest rates will keep ...

Not all banks may opt to sell products of 27 insurers, say experts Not all corporate insurance agents – banks and others – may sign up soon to distribute products of 27 insurers – nine each in life, general and health- said experts. Even when the Insurance Regulatory and Development Authority of India (IRDAI) had allowed the ...

Gold, silver prices rise in early trade; yellow metal trading at Rs 54,280 Gold price rose by Rs 280 per 10 grams (24-carat) in Saturday’s early trade to 54,280. Silver prices, on the other hand, rose by Rs 1,400 per kg to Rs 67,600 per kg today. Ten grams of 22-carat gold is trading at Rs 49,750 after an increase ...

YES Bank gets RBI nod to raise capital from Carlyle, Verventa Holdings The Reserve Bank of India (RBI), on Friday, issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings, the bank said in a statement while informing the exchanges. “We wish to hereby inform that ...

Bank of Baroda hikes MCLR up to 30 basis effective December 12 Public sector lender Bank of Baroda (BoB) has decided to increase its marginal cost of funds-based lending rate (MCLR) by up to 30 basis points (bps) across tenors. This hike by the Mumbai-based lender is steeper than compared upto 15 basis points upward revision made in November ...

Forex reserves at a three-month high; $11 billion added in a week The Reserve Bank of India’s foreign exchange reserves rose $11.02 billion to $561.16 billion in the week ended December 2, marking their highest levels since August 26. The sharp increase in the foreign exchange reserves was primarily on account of a jump in the RBI’s ...

State Bank’s board to take call on raising capital via tier I bonds State Bank of India (SBI) said its board will meet on December 14 to decide on raising capital through Tier I bonds. As per a regulatory filing, SBI said it will seek “approval for raising of Additional Tier 1 (AT 1) capital by way ...

ADB approves $250 mn policy-based loan to strengthen logistics sector The ADB on Friday said it has approved a USD 250 million policy-based loan to support India’s wide-ranging reforms that aim to strengthen and modernise the country’s logistics infrastructure, improve efficiency, and lower costs. The loan will finance the first sub-program of the strengthening multimodal and integrated ...

SBI Card revises reward points rules for these credit cards from January 1 – Reward points rules revised [ad_1] Cashback credit cards allow you to earn cash from the money you spend on your credit card, by either paying you back a percentage of what you spend or as reward points. Simply put, when you buy something using your cashback ...

Rupee gains 10 paise to close at 82.28 against US dollar as it weakens The rupee appreciated by 10 paise to close at 82.28 (provisional) against the US dollar on Friday, tracking the weakening of the American currency in the overseas market. Forex traders said muted domestic equities and foreign fund outflows weighed on investor sentiments and ...