Just in On December 1, RBI Will Begin the First Retail Digital Rupee Trial

On Tuesday, the Reserve Bank of India (RBI) announced a trial programme for central bank digital currency (CBDC) for consumers beginning on December 1. The RBI stated that the digital rupee....Continue Reading

By Tejesvi MG Nov 30th 2022 0

Just in On December 1, RBI Will Begin the First Retail Digital Rupee Trial

On Tuesday, the Reserve Bank of India (RBI) announced a trial programme for central bank digital currency (CBDC) for consumers beginning on December 1. The RBI stated that the digital rupee....Continue Reading

By Tejesvi MG Nov 30th 2022 0

Latest News

The SBI board approves bonds for infrastructure worth 10,000 crores

The State Bank of India (SBI) board announced on Tuesday that it had authorized the issuance of infrastructure bonds to raise 10,000 crore during the fiscal year 2023. "Raising Infrastructure Bonds....Continue Reading

By Tejesvi MG Nov 29th 2022 0

Interest Rates on Domestic Fixed Deposits Are Updated by Standard Chartered Bank

The Standard Chartered Bank, which has been operating in India for more than 160 years, was one of the first foreign banks to do so. The bank operates a nationwide network....Continue Reading

By Tejesvi MG Nov 28th 2022 0

Banks Are Offering a Senior Citizen Fixed Deposit with a Return of up to 9%

 Seniors frequently choose to invest in safe investments that offer higher returns. The fixed deposit is one of the conventional investment alternatives that older adults trust the most. Recently, private lenders....Continue Reading

By Tejesvi MG Nov 26th 2022 0

10% Stakes in the Joint Venture Between IOCL and CPCL Will Be Purchased: ICICI Bank, Axis Bank, and Others

On Thursday, it was reported that ICICI Bank, Axis Bank, and SBI Life Insurance would each buy a 10% stake in the proposed joint venture between Chennai Petroleum and Indian Oil....Continue Reading

By Tejesvi MG Nov 24th 2022 0

Bob Temporarily Lowers House Loan Interest Rates by 25 Basis Points to 8.25%

Bank of Baroda (BoB), one of the top lenders in the public sector, today announced a temporary 25 bps interest rate cut on home loans. One of the lowest house loan....Continue Reading

By Tejesvi MG Nov 23rd 2022 0

Deposit Rates Are Increased by Bajaj Finance for the Third Time in Three Months

Bajaj Lending, a non-banking finance company, has increased deposit rates for the third time in as many months to protect against liabilities as the sector competes for capital in a level....Continue Reading

By Tejesvi MG Nov 22nd 2022 0

DBS Bank Updates Its Fixed-rate FD Interest Rates

The interest rate of DBS Bank on fixed deposits under Rs. 2 crore has been revised. The lender's official website states that the revised or new interest rates are valid as....Continue Reading

By Tejesvi MG Nov 21st 2022 0

Unity Bank: Senior Citizens Fixed Deposit Interest Rates Have Increased Once More

Senior Citizens can now receive Fixed Deposit interest rates of up to 9% from Unity Small Finance Bank. Unity Small Finance Bank has today raised the interest rates it offers on....Continue Reading

By Tejesvi MG Nov 19th 2022 0

Changes to FD Rates by HDFC Bank Pay up to 7.30%

HDFC Bank, the leading private sector lender, has reduced interest rates on fixed deposits of more than 2 crore to less than 5 crore. According to the bank's official website, the....Continue Reading

By Tejesvi MG Nov 18th 2022 0

Axis Bank Stakes Its Credit Expansion on Working Capital Loans and MSMEs

Axis Bank, India's third-largest private lender, will shift its focus to mid-corporate and working capital loans, away from longer-term lending and larger infrastructure-related loans, according to a top executive on Friday.....Continue Reading

By Tejesvi MG Nov 18th 2022 0

IDBI Bank Stake Sale: The Centre Seeking Extension From Market

According to CNBC TV-18 sources, the central government is seeking an extension from the markets regulator for the 25 percent minimum public shareholding (MPS) norm for IDBI Bank following privatization. On....Continue Reading

By Tejesvi MG Nov 18th 2022 0

The Bank of Baroda Has Raised FD Rates and Is Now Offering a 7.5 Percent

Bank of Baroda (BoB) has raised its fixed deposit interest rates while also offering a return of up to 7.5 percent under its special fixed deposit. With effect from November 14,....Continue Reading

By Tejesvi MG Nov 17th 2022 0

Union Government’s Suuti Announced Plans to Sell 4.65 Billion Shares, Representing a 1.55% Stake in Axis Bank

The government received over 3,800 crore from the sale of Axis Bank shares. As a result, the proceeds from disinvestment during the current fiscal year have reached 8,383 crore, as opposed....Continue Reading

By Tejesvi MG Nov 17th 2022 0

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