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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
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Mutual Funds Disclaimers In TV Commercials Should Be Readable: Piyush Goyal
The minister even said that he is willing to change the regulations if needed to ensure that the over Rs 37 lakh crore MF industry falls in line
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Tata Motors Ties Up With Banks, NBFCs To Assist Commercial Customers
Tata Motors has tied up with HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sectors Union Bank and Punjab National Bank
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Income Tax-Saving Fixed Deposit: Check Interest Rates Offered By These Top Banks
The top commercial banks today pay interest at the rates of 5.25 per cent to 5.50 per cent for the general public and 6.00 per cent to 6.30 per cent for senior citizens.
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"Mischievous Rumours": No Question of Closing Any Bank, Tweets RBI
This is the second time in less than two years that policy makers have had to publicly come out in support of banks.
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How To Open Public Provident Fund (PPF) Account With SBI? 10 Things To Know
Public Provident Fund (PPF) account, a retirement planning-focused instrument, is considered among the most sought after investment products by financial experts. It is offered by various institutions including India Post and commercial lenders such as State Bank of India (SBI). The scheme was introduced by the National Savings Organization in 1968...
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DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
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Investment In Five-Year Tax-Saving Fixed Deposit Can Fetch These Returns
Major commercial banks - from state-run State Bank of India (SBI) and Punjab National Bank (PNB), to private sector peers HDFC Bank and ICICI Bank - pay interest at rates to the tune of 6.25-7.25 per cent to the general public, and 6.7-7.75 per cent to senior citizens, on tax-saving fixed deposits up to Rs 1 crore.
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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Senior Citizens Get Up To 0.65% Higher Return On FD Investment Than General Public: Compare Rates Here
Today, top commercial banks - from state-run SBI, Punjab National Bank and Bank of Baroda to private sector peers ICICI Bank and HDFC Bank - provide a return of 3.5-8.15 per cent to senior citizens on fixed deposits up to Rs 1 crore. Investment in bank FD of the same category fetches interest at the rate of 3.5-7.5 per cent for the general public.
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Russia, China Block US Sanctions On Russia, North Korea At United Nations
Russia and China on Thursday blocked a US request to add a Russian bank to a UN sanctions blacklist along with a North Korean official and two entities, diplomats said.
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RBI Tightens Leash On Banks After $2 Billion PNB Fraud
RBI has asked commercial lenders to provide it with details of all letters of undertaking issued by them in the past several years
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Sri Lanka Suspects 2 Indian's Involvement In Bank Fraud
Sri Lankan authorities are suspecting the involvement of two Indian nationals in a case related to the hacking of a Taiwanese commercial bank and transfer of $1.1 million to a personal account in this country, police said.
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Private Sector NPS Subscribers Can Now Invest In Alternative Investment Funds
With creation of a separate class, private sector subscribers can now invest up to 5 per cent of funds in commercial mortgage-based securities or residential mortgaged based securities and units issued by REITs, and asset-backed securities regulated by Sebi.
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US Sanctions North Korea's Rocket Command For Ties To Weapons Programme
The United States added North Korea's Strategic Rocket Force to its sanctions list for ties to weapons development and illicit finance activities, the Treasury Department said on Tuesday.
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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
-
Mutual Funds Disclaimers In TV Commercials Should Be Readable: Piyush Goyal
The minister even said that he is willing to change the regulations if needed to ensure that the over Rs 37 lakh crore MF industry falls in line
-
Tata Motors Ties Up With Banks, NBFCs To Assist Commercial Customers
Tata Motors has tied up with HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sectors Union Bank and Punjab National Bank
-
Income Tax-Saving Fixed Deposit: Check Interest Rates Offered By These Top Banks
The top commercial banks today pay interest at the rates of 5.25 per cent to 5.50 per cent for the general public and 6.00 per cent to 6.30 per cent for senior citizens.
-
"Mischievous Rumours": No Question of Closing Any Bank, Tweets RBI
This is the second time in less than two years that policy makers have had to publicly come out in support of banks.
-
How To Open Public Provident Fund (PPF) Account With SBI? 10 Things To Know
Public Provident Fund (PPF) account, a retirement planning-focused instrument, is considered among the most sought after investment products by financial experts. It is offered by various institutions including India Post and commercial lenders such as State Bank of India (SBI). The scheme was introduced by the National Savings Organization in 1968...
-
DHFL Tanks After Downgrades, Raising Worries About Shadow Banking Sector: 10 Points
Dewan Housing Finance Corporation Ltd or DHFL shares fell more than 18 per cent on Thursday, a day after credit ratings agencies ICRA and Crisil downgraded its commercial papers. The downgrade of DHFL's commercial papers to their lowest level came after the lender missed payments on bonds which were due this week. The action by the agencies, descri...
-
Investment In Five-Year Tax-Saving Fixed Deposit Can Fetch These Returns
Major commercial banks - from state-run State Bank of India (SBI) and Punjab National Bank (PNB), to private sector peers HDFC Bank and ICICI Bank - pay interest at rates to the tune of 6.25-7.25 per cent to the general public, and 6.7-7.75 per cent to senior citizens, on tax-saving fixed deposits up to Rs 1 crore.
-
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
-
Senior Citizens Get Up To 0.65% Higher Return On FD Investment Than General Public: Compare Rates Here
Today, top commercial banks - from state-run SBI, Punjab National Bank and Bank of Baroda to private sector peers ICICI Bank and HDFC Bank - provide a return of 3.5-8.15 per cent to senior citizens on fixed deposits up to Rs 1 crore. Investment in bank FD of the same category fetches interest at the rate of 3.5-7.5 per cent for the general public.
-
Russia, China Block US Sanctions On Russia, North Korea At United Nations
Russia and China on Thursday blocked a US request to add a Russian bank to a UN sanctions blacklist along with a North Korean official and two entities, diplomats said.
-
RBI Tightens Leash On Banks After $2 Billion PNB Fraud
RBI has asked commercial lenders to provide it with details of all letters of undertaking issued by them in the past several years
-
Sri Lanka Suspects 2 Indian's Involvement In Bank Fraud
Sri Lankan authorities are suspecting the involvement of two Indian nationals in a case related to the hacking of a Taiwanese commercial bank and transfer of $1.1 million to a personal account in this country, police said.
-
Private Sector NPS Subscribers Can Now Invest In Alternative Investment Funds
With creation of a separate class, private sector subscribers can now invest up to 5 per cent of funds in commercial mortgage-based securities or residential mortgaged based securities and units issued by REITs, and asset-backed securities regulated by Sebi.
-
US Sanctions North Korea's Rocket Command For Ties To Weapons Programme
The United States added North Korea's Strategic Rocket Force to its sanctions list for ties to weapons development and illicit finance activities, the Treasury Department said on Tuesday.
