If you are planning to buy a house and looking for a home loan for the same, you would ideally be looking not only for a bank that can give you money as early as possible but also the one that charges a low rate of interest. After all, the marginal difference in the interest …
This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points …
However, in March 2024, some banks increased their fixed deposit rates. In the case of most banks, the current fixed deposit interest rates being offered are at a decadal high. So, are these the best interest rates on fixed deposits? And should you lock into these high fixed deposit rates? Let us discuss. Also Read: …
Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure. Deputy governor of Reserve Bank of India (RBI) Swaminathan …
While acknowledging the importance of the environment and its long-term impact on organisations and economy as a whole, the Reserve Bank of India (RBI) has now released a draft framework for banks to follow. As per the framework, banks will be mandated to disclose those climate-related risks which have a bearing on their financial stability. While observing …
Before investing money in a fixed deposit (FD), investors often compare the interest rates offered by different banks. Here we list out the interest rates offered by most major private and public sector banks. The lowest interest rate is in the range of 3-4.25 percent while the maximum interest rate is between 7-7.25 percent. These …
Bank of America has instituted a strict return to office policy for employees that threatens “disciplinary action” to those who don’t comply, according to documents seen by the Financial Times. The company reportedly sent “letters of education” to workers who have not been coming into the office to warn them that they could face trouble …
The shares, dividends, and debentures that have remained unclaimed for seven years or more get transferred to the Investor Education and Protection Fund (IEPF), a repository set up under the Companies Act of 1956. Deposits and interest left unclaimed for over 10 years in inactive bank accounts are transferred to the RBI Depositor Education Awareness …
AU Small Finance Bank has officially unveiled its collaboration with Mastercard, heralding the introduction of the Mastercard Debit Card. This innovative offering is tailor-made for the bank’s Corporate Salary customers and is rolled out with the overarching theme of #Swipe&Save. The recently launched Mastercard Debit Card caters to the lifestyle requirements of the contemporary Corporate …
New Delhi, Finance Minister Nirmala Sitharaman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction …