Looking for a bank loan? Come January 1, RBI’s new fortnightly credit reporting rule to help borrowers

[ad_1] The Reserve Bank of India (RBI) recently instructed banks and credit information companies (CICs) to update the credit information they collect at shorter intervals, i.e. once a fortnight rather than once a month. The instructions were issued on Thursday via a notification after the monetary policy statement by RBI Governor Shaktikanta Das. The central…

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FD interest rates: Top 5 banks offer over 7% annually on fixed deposits; check tenures here

[ad_1] Before opening a fixed deposit (FD) account, it is natural for depositors to compare the interest rates offered by different banks, as a result of which, the lenders that offer a higher rate of interest are preferred over others. It is noteworthy that Punjab National Bank and Bank of India recently revised their fixed deposit interest rates….

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