When it comes to parking one’s hard-earned money into safe investment tools, fixed deposit schemes are still the most chased ones looking at the volatility in the market. As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers. In the … Read more
Borrowers will have more clarity on their loan costs with the help of key facts statement (KFS) to be issued by banks and non-banking financial companies (NBFCs) from October 1. The Reserve Bank of India (RBI) directed banks to provide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make … Read more
I generally maintain a balance of around Rs 5-6 lakh in my savings bank account. I have also recently invested in a bank FD for Rs 5 lakh for three years. Please let me know whether my bank FD interest or savings bank interest will attract any TDS provisions. Ankit Reply by Rajiv Bajaj, Chairman … Read more
Reward points are like golden tickets offered by credit card companies to entice users. The more you spend, the more points you accumulate, which can be redeemed for a variety of perks like travel, shopping, dining and more. The prospect of earning these reward points often tempts many to pass their big-ticket purchases like cars … Read more
Gagan Banga, VC & MD, Indiabulls Housing Finance, says: “We have now reached a stage where over the last four to six quarters, we stabilised the overall business, scaled up the retail disbursals and whatever are the targeted segments for growth, the disbursals around that are coming along at a good pace. At this point … Read more
The attractiveness of the Indian markets is far from ebbing out. In the beginning of 2024 itself, there is another favourable development regarding the Indian markets. Bloomberg proposed to include India FAR (fully accessible route) government securities in the Bloomberg EM Local Currency Index. Quite naturally, this will ensure flows into the Indian markets. Capital … Read more
V Anantha Nageswaran, Chief Economic Advisor, says “there is all-round development in terms of physical, digital and social infrastructure. We have great balance sheets in the corporate and the banking sector and the infrastructure is ready to support the productive potential of the economy. Plus there is investment in skilling and education of the population … Read more
IndusInd Bank today launched the EazyDiner IndusInd Bank Platinum Credit Card in collaboration with EazyDiner. With no joining fees and a host of other benefits to ensure that everybody enjoys fabulous dining experiences, this card distinguishes itself as an entry-level variant from the existing EazyDiner credit card by IndusInd Bank and EazyDiner. This credit card … Read more
State Bank of India (SBI), the country’s largest public-sector bank, has introduced a new fixed deposit (FD) plan with updated interest rates and additional benefits to its depositors. This new plan aims to attract customers by offering competitive interest rates and greater flexibility. Besides, SBI provides annual interest rates of 3.50-7.10% for individuals below 60 … Read more
I have taken loan of Rs 45 lakh at 7.50% per annum under External Benchmark Lending Rate. Now they have increased it to 9.50%. Do the lenders have any discretion as to whether to allow a borrower to transfer his home loan to other banks? Can I transfer my home loan to any other lender? … Read more