Karnataka Bank introduced two new cutting-edge financial products: KBL Peak, an education loan providing up to Rs 2 crore in funding along with comprehensive coverage, and KBL Genius, a student savings account featuring a unique free cyber insurance and exclusive benefits. Srikrishnan H, Managing Director and CEO of the bank, said: “With the ‘KBL Peak’ … Read more
Several banks have floated new fixed deposit schemes and revised the earlier rates ahead of the Reserve Bank of India’s Monetary Policy Meeting to be held next week. The RBI’s MPC will start on June 5, just a day after the Lok Sabha election results would be announced. The experts’ committee of six members responsible … Read more
Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Monday urged the industry to make the pricing of financial products and services transparent to minimise chances of mis-selling. Speaking at an event organised by think-tank National Council of Applied Economic Research (NCAER), he said there is an amount of pricing even in the … Read more