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SBI Funds Management appoints Shamsher Singh as new MD, CEO of company SBI Funds Management Ltd on Thursday said it has appointed Shamsher Singh as managing director and chief executive officer of the company. Singh, who was deputy managing director at State Bank of India (SBI), has taken over the charge from Vinay M Tonse ...

What are the different types of home loans?| EconomicTimes [ad_1] Home loans A home loan is a generic term used for long-term loans availed for purchasing a property; this can be a house, land, apartment, extension of the house, among others. Depending on the exact need for which the loan is required, the customer can avail of a loan that ...

Baroda BNP Paribas AMC collects over Rs 1,234 cr for new multi asset fund Baroda BNP Paribas Mutual Fund has garnered more than Rs 1,200 crore during the new fund offer period for its latest multi asset fund. The new fund, which was opened from November 28 to December 12, has mobilised Rs 1,234 crore ...

When will breaking your FD to reinvest be profitable for you? Find out here [ad_1] Keeping pace with the back-to-back repo rate hikes by the Reserve Bank of India (RBI), banks have started raising interest rates on fixed deposits in the last few months. A two-year fixed deposit (FD) now will fetch as much as 6.75 per cent to 7 ...

Regulatory changes may bring new dawn for insurers: BFSI Summit panelists The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies ...

FD premature withdrawal charges of SBI, HDFC Bank, ICICI Bank, PNB – FD premature withdrawal [ad_1] According to the SBI website, “For Term Deposit up to Rs 5.00 lacs, the penalty for premature withdrawal will be 0.50% (all tenors). For Term Deposits above Rs 5.00 lacs, the applicable penalty will be 1% (all tenors).” For the duration that deposits were ...

Persistency ratio must improve for life insurance customers: CEOs at BFSI In order for life insurance customers to attain maximum benefits, it is crucial for the persistency ratio to be far higher than its current level, top executives of the industry said at the Business Standard BFSI Insight Summit on Thursday. The persistency ratio is ...

Home loan borrowers alert! Banks do not need to inform you individually about interest rate change [ad_1] [ad_2]

RBL Bank hikes home loan, other loan interest rates: Check new rates [ad_1] RBL Bank has raised its (marginal cost of funds-based lending rates) MCLRs across tenures by 10 basis points (bps). The new MCLRs will come into effect on December 22, 2022, according to the bank’s official website. With the hike in MCLR, any loan linked to it will ...

Fund transfer, bill payments, mobile top-up: Daily limits, charges| EconomicTimes [ad_1] Fund Transfer NEFT Daily limit is up to a cumulative of Rs.10,00,000/- per user. Charges for amounts ranging between Rs.1 to 10,000 is Rs 2.00 per transaction service tax, for amounts ranging between Rs.10,001 to 1,00,000, the charge is Rs 4 per transaction Service Tax ,for amounts between Rs.1,00,000 ...