SFBs

Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

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Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more

Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

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Seeking loan from banks, SFBs? RBI asks banks, REs to mention all charges in Key Fact Statement

The Reserve Bank of India (RBI) has directed all banks and regulated entities that it cannot levy additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). It said that from October 1, 2024, banks will be bound by the terms of the loan indicated in the Key Fact Statement … Read more