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Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS. “The likely tenure for the bonds is seven years ...

Is August 9 a bank holiday? Check the state-wise bank holiday list here [ad_1] It is a bank holiday in certain states on August 9, 2022, on account of Muharram. In Jammu and Kashmir on August 8. Here is a look at the states in which banks will be closed on August 9. Banks are closed in these states August ...

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech Indian crypto company CoinSwitch has launched a $10 million venture capital fund for investments in early-stage start-ups and building blockchain solutions. The Web3 Discovery Fund will curate portfolio start-ups and provide single-window access to investor partners Tiger Global, Ribbit Capital, Coinbase Ventures, Sequoia Capital India, Woodstock Fund, ...

HDFC Bank increases MCLR on loans by up to 10 basis points   Private sector lender HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) on loans across all tenures by up to 10 basis points (100 basis points = 1%). The new loan rates will be effective from August 8, 2022. As a result, borrowers will ...

[ad_1] Bank of Baroda As per the bank’s website, the Baroda Repo Linked Lending Rate (BRLLR) has been increased with effect from August 6, 2022. For retail loans, the BRLLR is 7.95%. The BRLLR is made up of the current RBI repo rate i.e., 5.40% and a mark-up/base spread of 2.55%, according to the bank’s website. [ad_2]

Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data   Bank credit grew 14.5 per cent year-on-year as on July 29, outstripping 14 per cent year-on-year growth as on July 15, latest data released by the Reserve Bank of India showed.   As on July 29, banks’ outstanding loans were at Rs 123.69 trillion, 0.7 ...

Canara Bank FD Interest Rates: Canara Bank hikes FD interest rates: Now earn up to 6% on this tenure Canara Bank has increased the interest rates on term or fixed deposits for amounts below Rs 2 crore after the Reserve Bank of India (RBI) raised the repo rate by 50 bps at the August MPC meeting. According to the Canara ...

Surge in demand, falling liquidity to lead to credit tightening: Report   The drop in banking system liquidity and the concurrent rise in demand for credit may result into tightening of credit in the financial system, a report said on Wednesday.   The liquidity condition is expected to become even more challenging over the coming months, owing to an expected ...

Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM   Prime Minister Narendra Modi on Wednesday said the country saved Rs 50,000 crore in foreign exchange by blending ethanol with petrol in the last seven-eight years.   Dedicating the second-generation ethanol plant of India Oil Corporation to the nation here, Modi said that the same ...

RBI cancels Rupee Co-operative’s licence; lender to cease business Sep 22   The Reserve Bank of India (RBI) on Wednesday cancelled the licence of the Rupee Co-operative Bank, saying the Pune-based lender does not have adequate capital, earning prospects and it does not comply with regulations.   Rupee Co-operative will cease to conduct business from September 22. Maharashtra’s Commissioner for ...