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YES Bank hikes interest rate on NRE, FCNR fixed deposits as norms are eased Private sector lender YES Bank has raised the interest rate on non-resident external (NRE) fixed deposits by 50-75 basis points (bps) and has also increased the rate on foreign currency non-resident (FCNR) deposits. This comes after the Reserve Bank of India (RBI) eased certain norms ...

RBI issues new digital lending guidelines for banks, lenders to protect borrowers [ad_1] The Reserve Bank of India has issued guidelines to all lenders including banks to protect data of borrowers using digital lending apps from being misused. As per the guidelines issued by the RBI, the regulated entities cannot store borrowers’ data except some basic minimal information. As per ...

Indian bond yields up for second straight day on debt supply woes Indian government bond yields ended higher for a second consecutive session on Friday, as weekly auction added to debt supply, while elevated U.S. Treasury yields dented appetite. The benchmark 10-year Indian government bond yield ended at 7.2318%. The yield rose two basis points on Thursday ...

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Ombudsmen disposed of 32% more complaints against insurers in 2021-22 An alternative mode of resolving disputes over insurance claims has helped dispose of 32 per cent more complaints in 2021-22 year-on-year. Insurance ombudsmen disposed of 40,527 complaints against insurance firms across the country during the year, compared with 30,596 in 2020-21. While the break-up for 2021-22 ...

POTD vs Bank FD: Highest interest rates for 1-3 year tenure [ad_1] Banks have increased the interest rates on fixed deposits (FDs) of various tenures. This is good news for risk-averse people who have been forced to accept decadal low interest rates as a result of banks’ ongoing rate reductions in previous years. Post office term deposits Every three months ...

PE, Sovereign funds making larger investments in Indian tech firms Private Equity (PE) funds and sovereign funds are making more investments in India’s tech companies after the slowdown from hedge funds and momentum investors like SoftBank and Tiger Global. Recently, Advent International has closed in on an investment in KreditBee, according to a report by Economic Times (ET). Advent may ...

11 common home loan fees and charges [ad_1] Processing fee A loan application gets evaluated on multiple parameters during the credit underwriting process which involves KYC verification, financial assessment, employment verification, residence and office address verification, credit history assessment etc., which involves manpower and resources. A lender recovers all the cost related to the credit underwriting process through the processing ...

These banks have hiked home loan interest rates in last one month [ad_1] Soon after the Reserve Bank of India hiked repo rate by 50 basis points in its August monetary policy meet citing concerns of inflation, several banks have increased their loan interest rates, including , , , , and . It is anticipated that other banks will follow ...

PM Kisan scheme: PM Kisan 12 installment date: When will next installment of PM Kisan benefit amount be released? [ad_1] The PM Kisan scheme, a program of the central government, provides Rs. 6,000 annually in three equal instalments of Rs. 2000 every four months for all land-holding farmer families who are eligible for income support. The beneficiary’s bank account receives ...