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SBI raises benchmark prime lending rate by 70 basis points to 13.45% The country’s largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is ...

6 key rights every tenant must know [ad_1] [ad_2]

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike The rupee weakened sharply against the dollar on Wednesday as a higher-than-expected US inflation print led to anticipation of a steep rate hike by the Federal Reserve, leading to global strengthening of the greenback. Government bonds also weakened as the US inflation data resulted ...

4 new alternative investment options offering high returns at high risk [ad_1] If you are a savvy investor, you would find it difficult to ignore alternative assets now. That is because the global trend of savvy investors of all sizes making substantial allocations towards alternative assets seems to be growing in India as well. When done right, alternative assets can ...

Insurers juggle surge in claims in aftermath of Bengaluru floods By Nandan Mandayam BENGALURU (Reuters) – India’s insurance providers are bracing for a massive rise in claims for damaged cars and property as floodwaters start receding in India’s tech hub Bengaluru, with initial estimates showing losses running into millions of rupees. Three days of heavy rainfall ...

5 facts about zero-depreciation car insurance [ad_1] 5 facts about zero-depreciation car insurance [ad_2]

Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary DIPAM Secretary Tuhin Kanta Pandey on Wednesday said the department is working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank. The Cabinet Committee on Economic Affairs gave in-principle approval for strategic disinvestment and transfer ...

Sovereign Gold Bond 2016-17 Series IV can be withdrawn at 75% higher than issue price on this date [ad_1] The price for premature redemption of the Sovereign Gold Bond Scheme 2016-17 Series IV has been fixed at Rs 5,077 per unit, according to a press release by the Reserve Bank of India (RBI). The second due date of premature redemption ...

Bank of Baroda raises interest rates on deposits below Rs 2 cr by 0.20% Bank of Baroda has raised the interest rates on retail term deposits of below Rs 2 crore by up to 0.20 per cent. The new rates have come to effect from September 13, 2022. The one-year tenor domestic and NRO (Non-Resident Ordinary) term ...

Fd Rates: Bank FDs with interest rates higher than RBI floating rate bonds [ad_1] After the Reserve Bank of India has started to raise the repo rate, many banks have increased fixed deposit interest rates, passing the benefit on to customers. However, just a few banks have raised interest rates above 7%, and even fewer have gone past 7.15 percent, ...