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Bank of India acquires over 5.5% stake in ONDC for Rs 10 crore State-owned Bank of India has acquired over 5.5 per cent stake in Open Network for Digital Commerce (ONDC) for Rs 10 crore, the lender said on Tuesday. On September 27, 2022, the bank invested in the capacity of promoter shareholder of ONDC, an amount ...

Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Tuesday advised public sector banks (PSBs) to enhance the coverage of scheduled castes (SCs) in all schemes. She also called for looking into their needs for capacity building and entrepreneurship development. She also asked banks to fill the remaining vacancies in ...

Axis Bank looks to buy near 10% stake in Go Digit Life Insurance Indian private lender Axis Bank Ltd said on Tuesday it has signed a non-binding term sheet to invest Rs 49.9-Rs 69.9 crore for a 9.94% stake in Go Digit Life Insurance. The development underscores private lenders’ growing interest in India’s lucrative and largely untapped ...

EPF Account: Transferring EPF account? How to download Annexure K [ad_1] What is Annexure K? Annexure K is a EPF document which mentions the member details, his PF accumulations with interest, service history, Date of joining, and Date of exit and employment details including past and present MID. This document is required by the Field Office/Trust to effect a transfer ...

In-use credit cards drop 2.3 million in August over new RBI norms The outstanding credit card base dropped to 77.99 million in August from over 80 million in July, mainly on account of the new norms of the Reserve Bank of India (RBI) that warrant the deactivation of cards that are inactive for a year. While there was a 2.8 ...

NPS Rules | Credit Card Rules: New credit card, demat, NPS, APY rules: 5 money changes that will come into effect from October [ad_1] Many new rules will come into effect from October 2022. These include RBI new rules related to credit cards, who can no longer invest in Atal Pension Yojana, demat account KYC rules and more. Here are ...

What is UPI Lite, who can use, what is the maximum transaction limit [ad_1] [ad_2]

‘India has fairly large forex reserve to deal with current situation’ Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as “overblown” and said India has fairly large reserve to tide over the current situation. Foreign exchange reserves were down for a seventh continuous week, dropping to USD 545.65 billion on ...

Travel Now Pay Later: Are travel now, pay later schemes worth every penny [ad_1] Credit size The credit size being offered differs as well, with most offering a range that depends on your income, credit score and repayment ability. So, ZestMoney, which is available on travel platforms like MakeMyTrip, Yatra, EaseMyTrip, etc, has an upper credit limit of Rs.2 lakh, ...

Rupee inches up, likely delay in bond index inclusion caps gains The Indian rupee snapped a four-day losing streak on Tuesday as the dollar eased and oil prices tumbled, but a report stating local bonds may not be considered for listing on a major global index this year capped gains. The partially convertible rupee ended up just ...