Curated By: Business Desk Last Updated: September 27, 2023, 13:27 IST Unity Small Finance Bank is giving 7% interest on deposits above Rs 1 lakh. DCB Bank is offering interest of up to 7.75% on savings accounts with different deposits. But they want the deposit amount to be between Rs 10 lakh and Rs 1…
Curated By: Business Desk Last Updated: September 23, 2023, 19:57 IST The Ananthasayanam Co-operative Bank’s licence was granted by RBI on December 19, 1987. The RBI has also requested the Commissioner and Registrar of Cooperative, Uttar Pradesh to issue an order for winding up the bank and appoint a liquidator. The Reserve Bank of India…
Curated By: Business Desk Last Updated: September 13, 2023, 18:42 IST One way to build a credit score is to buy things on a credit card. A good credit score means that it will be easier for a person to get a new loan. In India, a credit score is a prediction of the credit…
New Delhi: In a move to enhance transparency and protect borrowers’ interests, the Reserve Bank of India (RBI) has issued a circular pertaining to the reset of floating interest rates for Equated Monthly Instalments (EMI) based personal loans. These guidelines are applicable to all regulated entities including scheduled commercial banks (SCBs), Non-Banking Financial Company (NBFCs), and…
Curated By: Business Desk Last Updated: August 17, 2023, 13:16 IST The dream of owning a car or a house often involves availing loans and repaying them through equated monthly instalments (EMIs). While standard EMI plans come with long tenures, there’s a beneficial option to expedite loan repayment – the step-up EMI. This innovative feature…
Curated By: Business Desk Last Updated: August 05, 2023, 17:38 IST We are all familiar with bank lockers, a facility provided by banks to safeguard the valuables of their customers. Once valuable items are placed inside the locker, the bank hands over the key to the locker holder. Only the owner can access the locker…
LONDON, July 30 (Reuters) – Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, three people familiar with the matter said. The majority of banks comprising an industry working group backed a plan earlier…