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HDFC increases FD rates up to 25 bps
The increase in rates by the housing finance company comes at a time when all the lenders have been reducing interest rates on their fixed deposits
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Shriram Life Insurance introduces 12-hour claims settlement
The insurer has been steadily improving its settlement ratio from 64 per cent in 2016-17 to over 91.6 per cent in 2019-20, and is now set to go beyond 95 per cent in 2020-21
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Railways doesn’t want you to use charging ports of trains at night
The Western Railway has already put things in motion on March 16 by cutting off supply to charging ports between 11 pm and 5 am
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15 days of bank holidays in April; here’s complete list
As per the holiday calendar released by the Reserve Bank of India, private and public sector lenders will be shut for 15 days in the month of April on account of various festivals and public holidays. These holidays may vary from state to state since only gazetted holidays are observed by all the banks across […]
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COVID-19: India records 72,330 new cases, highest single day rise
The single-day rise in cases is the highest recorded since October 11, 2020, while the death toll increased to 1,62,927 with 459 daily new fatalities, the highest in around 116 days
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Continuation of auto debit facility may expose customers to risk of frauds: Experts
In a sternly worded statement RBI has said failure to implement restrictions on auto debit beyond September will earn the banks strict supervisory action
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Interest rate cut on small savings schemes reversed
Finance Minister Nirmala Sitharaman on Thursday said the government will withdraw orders to cut interest rate on small savings schemes and assured to restore the rates to last quarter of the financial year ending on March 31
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Auto-debit facility for your recurring transactions to stay till September 30
As per the new norms, banks will be required to inform customers in advance about recurring payment which is due and transaction would be carried out after obtaining customer’s approval
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India bounced back big way but not out of woods; real GDP growth to be 7.5 to 12.5 per cent: World Bank
Given the significant uncertainty pertaining to both epidemiological and policy developments, the real GDP growth for FY21/22 can range from 7.5 to 12.5 per cent
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India records 53,480 new COVID-19 cases, 354 deaths
The active caseload increased to 5,52,566 and accounts for 4.55 per cent of the total infections
