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According to ICRA Ratings, gross non-performing assets of banks may worsen further to 9.9-10.2% by March 31, 2022
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If a person is below 60 years of age and his annual income is up to Rs 2.5 lakh, he doesn’t have to pay tax on the interest earned
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New rates set at 6.95% from 6.7% earlier, to be applicable from April 1
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In the upcoming policy meet, RBI has to deal with the rising inflation numbers, higher crude oil prices, the rising G-Sec yield- which indicates higher borrowing costs and the second wave of COVID-19
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According to banking officials, initially, 60% of borrowers availed moratorium and gradually the percentage came down to 40% and even less as collection improved with ease in lockdown
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The first meeting of the six-member MPC to decide on the first bi-monthly monetary policy statement for 2021-22 will be held from April 5 to 7
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Despite RBI pulling them up, most Indian lenders continue to report regular outages in their digital and mobile services
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City Union Bank has already enabled its ATMs for this service while some other banks are in preparing to launch it
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In a letter to NPCI, a representative body of non-banking finance companies said many small NBCFs do not have well-developed websites and their customers are also not so tech-savvy
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An ECS mandate puts the cumbersome task of paying anything from your utility bills like mobile & electricity to OTT subscriptions to EMIs and SIP investments, on auto pilot