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HDFC Limited is reducing fixed deposit rates once again from October 22. This is the fourth time since June when the hou...
21/10/2020

HDFC Limited is reducing fixed deposit rates once again from October 22. This is the fourth time since June when the housing finance giant has reduced its deposit rates, as it looks to slash rates further by 10-20 basis points now. Financial planners point out that corporate deposit rates are on a downward trend in line with the general fall in rates in the system and easy liquidity. [ 134 more words ]

HDFC Limited is reducing fixed deposit rates once again from October 22. This is the fourth time since June when the housing finance giant has reduced its deposit rates, as it looks to slash rates further by 10-20 basis points now. Financial planners point out that corporate deposit rates are on a d...

Jana Small Finance Bank is one of the 10 financial institutions which had received in-principle approval from the RBI fo...
20/10/2020

Jana Small Finance Bank is one of the 10 financial institutions which had received in-principle approval from the RBI for a small finance bank in 2015. Source link

Jana Small Finance Bank is one of the 10 financial institutions which had received in-principle approval from the RBI for a small finance bank in 2015. Source link

BENGALURU: Non-banking finance company IndoStar Capital Finance (ICFL) has announced the appointment of Deep Jaggi as it...
20/10/2020

BENGALURU: Non-banking finance company IndoStar Capital Finance (ICFL) has announced the appointment of Deep Jaggi as its chief business officer, said a statement issued today. He will be based out of the Mumbai office and report to R Sridhar, executive vice-chairman and CEO, ICFL. Jaggi joins from HDB (a wholly-owned subsidiary of HDFC Bank), where he was head of asset finance for the past 10 years and was responsible for the P&L of commercial vehicles, construction equipment, passenger vehicles and tractor businesses. [ 184 more words ]

BENGALURU: Non-banking finance company IndoStar Capital Finance (ICFL) has announced the appointment of Deep Jaggi as its chief business officer, said a statement issued today. He will be based out of the Mumbai office and report to R Sridhar, executive vice-chairman and CEO, ICFL. Jaggi joins from....

Under this scheme, customers have to pay only 3.99 per cent flat interest rate for a period of 1 year, with the rest bei...
19/10/2020

Under this scheme, customers have to pay only 3.99 per cent flat interest rate for a period of 1 year, with the rest being borne by Tata Housing, the company said in a statement. Source link

Under this scheme, customers have to pay only 3.99 per cent flat interest rate for a period of 1 year, with the rest being borne by Tata Housing, the company said in a statement. Source link

MUMBAI: The board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman. Na...
19/10/2020

MUMBAI: The board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman. Nayyar, has requested the board to relieve him of his duties as Executive Vice Chairman of IL&FS with effect from October 31, 2020, on grounds of indifferent health, the company said in a statement. In the interim, C S Rajan, MD, IL&FS, has been asked to discharge Nayyar’s responsibilities and, in consultation with senior management, put in place a revised organizational structure. [ 98 more words ]

MUMBAI: The board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman. Nayyar, has requested the board to relieve him of his duties as Executive Vice Chairman of IL&FS with effect from October 31, 2020, on grounds of indifferent health, the company said...

In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tr...
18/10/2020

In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227. Source link

In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227. Source link

Diversification through asset allocation Whenever we think of saving or investing our surplus money, what are the option...
18/10/2020

Diversification through asset allocation Whenever we think of saving or investing our surplus money, what are the options we have? Bank fixed deposits, gold, real estate, mutual funds, etc. Isn’t it? In every investment option there is some risk & reward involved. The more risk we are ready to take higher the rewards and vice versa. Most of the time we start looking at different options when we have surplus money in our hand. [ 649 more words ]

Diversification through asset allocation Whenever we think of saving or investing our surplus money, what are the options we have? Bank fixed deposits, gold, real estate, mutual funds, etc. Isn’t it? In every investment option there is some risk & reward involved. The more risk we are ready to tak...

Mumbai: Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs ...
18/10/2020

Mumbai: Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs 1,800 crore in the current financial year, a top company official said. The company, promoted by Shriram City Union Finance, had disbursed Rs 1,127 crore in the fiscal ended March 31, 2020. "In the first quarter, we didn't do much business. Despite that, in… [ 417 more words ]

Mumbai: Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs 1,800 crore in the current financial year, a top company official said. The company, promoted by Shriram City Union Finance, had disbursed Rs 1,127 crore in the fiscal ended March....

New Delhi: Genex Child Development Programme, that works on gender equality, on Saturday said it will provide a fixed de...
17/10/2020

New Delhi: Genex Child Development Programme, that works on gender equality, on Saturday said it will provide a fixed deposit of Rs 11,000 to every girl child born in India, whose parents register for the initiative. Under the Genex Girl Child Development Programme, every girl born in the country, whose parents register for the same, will be given Rs 11,000 fixed deposit at the time of birth. [ 300 more words ]

New Delhi: Genex Child Development Programme, that works on gender equality, on Saturday said it will provide a fixed deposit of Rs 11,000 to every girl child born in India, whose parents register for the initiative. Under the Genex Girl Child Development Programme, every girl born in the country, w...

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16/10/2020

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Finance minister Nirmala Sitharaman has asked opposition-ruled states to reconsider their stand and take the borrowing o...
16/10/2020

Finance minister Nirmala Sitharaman has asked opposition-ruled states to reconsider their stand and take the borrowing option 1 where Rs 2.16 lakh crore was being provided for meeting compensation cess shortfall. In letters sent out to chief ministers, the Union finance minister has elaborated that the special window being provided to states and that Centre will undertake the borrowing and pass on to states via back to back loans. [ 343 more words ]

Finance minister Nirmala Sitharaman has asked opposition-ruled states to reconsider their stand and take the borrowing option 1 where Rs 2.16 lakh crore was being provided for meeting compensation cess shortfall. In letters sent out to chief ministers, the Union finance minister has elaborated that....

HEX, the digital currency was launched in 2019, has been deemed the fastest appreciating asset on the globe. This is no ...
16/10/2020

HEX, the digital currency was launched in 2019, has been deemed the fastest appreciating asset on the globe. This is no mean feat considering Bitcoin price went up 2,000,000 times from $0.01 to $20,000 in 7 years whereas Ethereum’s price went up 10,633 times from $0.15 to $1,595 within two and a half years. HEX’s price has gone up 92 times compared to Bitcoin, 79 times compared to Ethereum, and 115 times compared to the USD within 129 days. [ 445 more words ]

HEX, the digital currency was launched in 2019, has been deemed the fastest appreciating asset on the globe. This is no mean feat considering Bitcoin price went up 2,000,000 times from $0.01 to $20,000 in 7 years whereas Ethereum’s price went up 10,633 times from $0.15 to $1,595 within two and a h...

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