Motilal Oswal AMC Launches Gold and Silver ETFs FoFs
Motilal Oswal Asset Management Corporation (MOAMC) has announced the launch of the Motilal Oswal Gold and Silver ETF FOF, which aims to generate returns by...
Category : PERSONAL FINANCE
RBI revives Central Bank of India, Checks Oversight
On September 20, the Reserve Bank of India (RBI) said it had removed the state-run Central Bank of India from the so-called prompt corrective action...
Fino Payments Bank Expands Branchless Banking Points in Northeast
Officials said Fino Payments Bank is expanding branchless banking locations in northeastern states to expand facilities in remote corners, especially in the region’s difficult terrain....
Yes Bank Approves Rs 48,000 Crore Sale of Stressed Loans to JC Flowers
On Tuesday, the Private lender Yes Bank said its board approved the sale of stressed loans worth Rs 48,000 crore to JC Flowers Asset Reconstruction...
Ujjivan Small Finance Bank Closes QIP Offering to Raise Rs 475 Crore
On Thursday, Ujjivan Small Finance Bank completed a qualifying institutional placement, raising Rs 475 crore through issuing more than 22.6 crore shares. Small Finance Bank...
Reliance General Insurance Partners with Paytm Proposes Customisable Health Cover
Reliance General Insurance Co Ltd is India’s leading General Insurance company. It has joined hands with Paytm, India’s leading Digital payments and financial services Company,...
Indiabulls Housing Finance Hikes Lending Rate by 10 Bps
On Thursday, Indiabulls Housing Finance (IBHFL) said it would raise the reference rate for all loans by ten basis points from Thursday, September 15. The...
SBI Raises Benchmark Lending Rate by 0.7%
State Bank of India (SBI), the country’s largest lender, raised its benchmark prime lending rate (BPLR) by 70 basis points or 0.7% to 13.45%. The...
Bank FDs with Higher Interest Rates Than RBI Floating Rate Bonds
After the RBI started raising the repo rate, many banks raised their fixed deposit rates, passing on the gains to customers. However, only a handful...
Bank of Baroda Hikes FD Interest Rates by 20 Bps
Bank of Baroda has raised fixed deposit (FD) rates below Rs 2 crore. The bank has raised its fixed deposit rate by 20 basis points....