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Tamilnad Mercantile Bank IPO subscribed 1.5 times on second day of Tamilnad Mercantile Bank’s (TMB) initial public offering (IPO) was subscribed nearly 1.5 times on Tuesday. The issue closes on Wednesday. So far, the retail and institutional investor portion of the issue are subscribed 3.5 times and 1 time, respectively. The wealthy investor portion is subscribed 1.25 times. ...

IDBI Bank re-appoints S Jebaraj as deputy MD for 3 years effective Sept 20 IDBI Bank’s board of directors has approved re-appointing Samuel Joseph Jebaraj as deputy managing director for three years with effect from September 20. “Shri Samuel Joseph Jebaraj is not related to any other Director on the Board and KMP (key managerial personnel) of ...

PPF Account: 8 steps to open PPF account online via India Post [ad_1] (Step 8) Once the transaction password is entered, click on ‘submit’. Now you can view or download the deposit receipt. Keep this receipt handy, till the money is credited into your PPF account. You can view your PPF accounts, under the ‘Accounts’ tab. [ad_2]

HDFC Bank AT-1 bonds worth Rs 3,000 crore get this FY’s best rate India’s largest private sector lender HDFC Bank on Tuesday sold additional tier-1 (AT-1) bonds worth Rs 3,000 crore at a cut-off rate of 7.84 per cent — the lowest rate shelled out by any bank, so far, in the current financial year. The rate ...

Not strapping on rear-seat belt may impact insurance payout [ad_1] (This story originally appeared in on Sep 06, 2022) NEW DELHI: The death of Tata Sons ex-chairman Cyrus Mistry and his friend Jehangir Pandole in a motor accident on Sunday has again shone light on the fact that not many strap on their seat belts while occupying the rear seat ...

Insurance claims independent of human errors, say industry players The death of former Tata group chairman Cyrus Mistry in a road accident has ignited a debate over the eligibility of insurance claims in accident cases but industry players say the very purpose of buying insurance is to hedge against risk, whether due to human error or otherwise. ...

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Canara Bank to raise benchmark lending rate by up to 0.15% from Wednesday Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have ...

FD interest rates: These 4 banks have revised FD interest rates; earn up to 6.2% interest with this bank [ad_1] , , and City have revised their interest rates on fixed deposits under Rs 2 crore. Karur Vysya Bank After the revision, the bank will offer a 4.00% interest rate on fixed deposits maturing in 7 to 30 days. The ...

4 Best tax saving FDs offering over 6.5% interest rate [ad_1] What is a Tax Saving Fixed Deposit? An account type known as a tax-saving fixed deposit (FD) account provides a tax deduction under Section 80C of the Income Tax Act of 1961. By opening a tax-saving fixed deposit account, any investor is eligible to receive an annual deduction of ...