PayU has announced that it has received the final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007, reported NewsVoir. “We are grateful to the RBI for granting us the opportunity to be a responsible contributor to India’s payments ecosystem. As…
A growing number of borrowers are facing loan rejections from major banks such as HDFC Bank, SBI, Kotak Bank among others. This is a consequence of subpar credit scores. As lending institutions tighten lending rules and norms, maintaining a very strong credit profile has become crucial for securing personal loans, credit cards along with other…
My friend passed away in an accident in January. He had multiple life insurance policies. While a few insurers have honoured the claims, one recently purchased policy has been rejected on the grounds that the earlier policies were not disclosed in the proposal form. Is this a valid reason for claim rejection under Irdai rules?…
Indian Bank has introduced IND Secure with effect from May 8 with investment starting from â‚ą1,000 to â‚ą3 crore. The validity of this fixed deposit (FD) is till Sept 30, 2025. The interest offered on this fixed deposit is 7.15 percent to the normal public, for senior citizens it is 7.65 percent and for senior citizens —…
A personal loan can help you meet various objectives. On one hand, it can help you overcome any medical or other emergency. On the other hand, it can help you celebrate occasions like family functions and festivals, or enjoy a much-deserved family vacation. It can also help you buy gadgets, consumer durables, etc., that provide…
Gensol Engineering share price in focus today: Gensol Engineering share price, which has been in a freefall since the end of February amid the ongoing crisis at the firm, managed to reverse some of their losses over the past few trading sessions. The stock hit the 5% upper circuit limit for the third straight session…
The Kotak Small Cap Fund is a small cap equity mutual fund that is focused on primarily investing in lesser known, emerging businesses. Now before considering investing in this mutual fund you should know about several key parameters such as the fund’s inception, recent performance, basic investment strategy along with investor suitability to help you…
Penny stock below â‚ą1: Shares of Standard Capital, a micro-cap NBFC stock, gained over 2% in trade on Thursday, May 15, following the announcement of â‚ą170 crore fundraise via the allotment of non-convertible debentures (NCDs). The company’s board at their meeting held on Wednesday, May 14, considered and approved the allotment of 17,000 unrated, unlisted,…
Virtual Galaxy Infotech IPO allotment date: Virtual Galaxy Infotech IPO share allotment will be finalised today (Thursday, May 15). The investors who applied for the issue can check the Virtual Galaxy Infotech IPO allotment status on the Virtual Galaxy Infotech IPO registrar’s portal, Maashitla Securities Private Ltd. On the final day, Virtual Galaxy Infotech IPO…
Buy or sell stocks: The Indian stock market witnessed heightened volatility throughout the Wednesday trading session. The Nifty 50 index gained 88 points and closed at 24,666. The BSE Sensex finished 182 points higher at 81,330. The Bank Nifty index lost 139 points and closed at 54,801. In addition to Metals and IT, the Real…
