RBI Working on Database of Fraudsters to Prevent Bank Fraud
The Reserve Bank of India (RBI) is setting up a fraud registry to help keep repeat offenders out. “The fraud registry will capture information such...
Category : PERSONAL FINANCE
Bank of Baroda to Raise Rs 5 billion Crore Via Perpetual Bonds
Three commercial bankers said that Bank of Baroda plans to raise at least Rs 5 billion ($62.52 million) by selling additional tier 1 perpetual bonds...
Max Life Insurance Starts Managing Pension Funds
The National Pension Scheme’s pension assets will be managed by Max Life Pension Fund Management Limited, a fully owned subsidiary of Max Life Insurance Company...
NPS Rule Changed, Credit Card Payments No longer Allowed for NPS Tier II Accounts
The Pension Fund Regulation and Development Authority (PFRDA) has decided to discontinue using credit cards as a payment method for accepting subscriptions/contributions in secondary accounts...
Indian Life Insurance Industry Has 11% CAGR from 2017 to 2022
According to a survey by Benori Knowledge, the Indian life insurance market expanded at a compound annual growth rate (CAGR) of 11per cent for total...
SC Rejects FinMin’s Plea Against Citi, Standard Chartered Bank
On Wednesday, the Supreme Court rejected the Ministry of Finance‘s appeal alleging that Citibank and Standard Chartered Bank violated foreign exchange regulations and RBI guidelines...
Bank of Baroda to Raise Rs 2,500 Crore Via AT-1 Bonds
State-run Bank of Baroda said on August 22 that its board had approved raising funds through the issuance of Basel III-compliant Additional Tier 1 (AT-1)...
IDBI Bank Increases Fixed Deposit Interest Rates
With effect from August 22, 2022, IDBI Bank has increased the interest rates on fixed deposits across a range of tenors. On a few tenors,...
DICGC-Insured SFB Raises Interest Rates on Fixed Deposits Up To 8%
Fincare Small Finance Bank (SFB) has announced an increase in interest rates on fixed deposits under Rs. 2 crores. The DICGC-Insured Fincare, Small Finance Bank’s...
Interest Rates at IDFC First Bank for Fixed Deposits Under Two Million Rupees
Interest rates have increased for fixed deposits under Rs. 2 crores, according to private sector lender IDFC First Bank. According to the bank’s official website,...