Latest Articles in Banking Finance
SBI Cuts Interest Rates On Fixed Deposits Up To 0.5 Per Cent
The bank has slashed the interest rate for the fixed deposits with maturity of 7-45 days to 4.5 per cent from existing 5 per cent.
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A 4-Point ULIP Checklist
From 2005 onwards, buoyed by the growth in stocks, private players launched a slew of ULIP’s. Unfortunately, many of these ULIP’s carried extremely high front-end costs which were essentially paid out as commissions and rampant mis-selling ensued, leading to a fundamental loss of faith in ULIP’s as a product over the five or so years that followed.
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4 Mutual Fund Investing Tips For Married Women
Here are some Mutual Fund investing tips for Married Women.
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Sebi For Tighter Norms For Full Disclosure On Loan Defaults With Rating Agencies
Officials said there have been occasions when some entities have sought to take the benefit of certain regulatory gaps.
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RBI Minutes To Cap Yields; Revives Expectations For Further Policy Easing
RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.
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SBI Plans To Establish Nearly 10 Lakh YONO Cash Points
A customer can make bill payments and can do digital transactions by using the YONO cash feature.
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CG Power Hits Lower Circuit Limit; Yes Bank Tumbles Over 4 Per Cent
On the BSE, the CG Power scrip tumbled 20 per cent to touch its 52-week low of Rs 11.80. On the NSE, the shares plunged 19.93 per cent to reach their lower price brand at Rs 11.85.
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DHFL Resolution: Union Bank Says Lenders May Convert Debt Into Equity
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
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Link Bulk Deposits To Repo For Effective Transmission Of Interest Rates: SBI Report
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
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BookMyForex Partners With Yes Bank To Launch Forex Card On Visa Network
Ritesh Pai, Chief Digital Officer, Yes Bank said, “Yes Bank is pleased to partner with BookMyForex to provide efficient digital payment solutions coupled with value-added services to customers while travelling abroad. Such a partnership reinforces the trust of industry players in the bank and stands testament to its digital-first approach in implementing new-age banking solutions for the ease of its customer.”
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Retired? Here Are Two Ways To Use Your Real Estate To Generate Income
Here’s a comparison between rent and reverse mortgages – the two ways in which you can convert your real estate into an income generating asset.
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Festive Season: SBI Announces Special Benefits For Car, Personal, Education Loans
Customers can avail the cheaper loans with added benefits such as waiver in processing fees among others.
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Usha Financial Services Accelerating 25 Fintechs
“This has been a fruitful collaboration; while the fintech firms associated with us have been able to gain in terms of our large customer base and expand themselves while equipping to serve the end customers better, we are leveraging the technological advances brought in by these fintech companies to speed up the lending process”, says Mr. Rajesh Gupta, Founder, Usha Financial Services.
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RBI Rules Out Asset Quality Review Of NBFCs For Now
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
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Time Has Come For Banks To Link Loans, Deposits To Repo Rate: RBI Gov Das
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
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