[ad_1] If you are planning to take out a personal loan, it is recommended that you compare the interest rates charged by different banks so that you can get the best deal. The interest rate charged by a bank on a personal loan is typically a function of several factors such as the borrower’s credit…
[ad_1] While India has been at the forefront of digital transformation when it comes to payments, user experience and front-end services, banks need to look at transforming back-end technologies, Shahir Daya, chief product and technology officer of banking software platform Zafin said. “A lot of time and effort has been spent in the last few…
[ad_1] Bank Holiday on Lohri, Makar Sankranti 2025: The bank holiday schedule for the month of January 2025 is out and you must be wondering if the festivals of Lohri and Makar Sankranti, which are being celebrated on January 13 and 14, respectively, this year, are marked as a holiday. Notably, in January, in addition…
[ad_1] Thanks to UPI One World, foreign nationals and non-resident Indians can now make hassle-free payments across India seamlessly. Whether you’re a first-time overseas visitor, an NRI returning to reconnect with home, a health tourist, a student or even if you’re catching up with long-distance friends, UPI One World simplifies your payment needs, allowing you…
[ad_1] But Setty does not rule out tweaking in rates for one- to two-year deposit buckets [ad_2] Source link
[ad_1] Mumbai: Correction in equity markets over time, could help some deposits return to banks, State Bank of India managing director Ashwini Kumar Tewari said on the sidelines of the Global Fintech Fest (GFF) on Wednesday. “As the market corrects over time, some of the money which used to be with us, will also come back,”…
[ad_1] Behind the polished facade of India’s banking industry, a concerning trend is emerging: a growing number of bank employees are selling mutual funds without the necessary qualifications, putting customers’ hard-earned money at risk. To meet aggressive sales targets, branch managers are often pressured to push these products, even if their employees lack the required…
[ad_1] Banks will remain closed today on August, 24. Banks are usually closed on second and fourth Saturdays of every month and is open on the first and third Saturdays of every month. August, 24 is the fourth Saturday of the month and therefore banks will remain shut on this day. According to Reserve Bank…
[ad_1] Finance minister Nirmala Sitharaman on Saturday urged banks to return to their core focus of deposit mobilization and lending, emphasizing the need to balance these two critical elements of the banking business. Addressing the media after attending the 609th meeting of the Reserve Bank of India’s central board of directors, Sitharaman likened deposits and…
[ad_1] IDFC First Bank will lower the minimum amount due on its credit cards from 5 per cent to 2 per cent of the principal payable amount payable starting August 1. Previously, Axis Bank had done the same in November 2023. These changes in the minimum amount due may lead to higher interest costs for…
