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But after a big increase in the repo rates, banks have once again started paying more than 9 percent interest on FDs
July to September. Interest rates on many small savings schemes have been increased by 10 to 30 basis points.
PHK ventures is in the business of construction and development, hospitality and management services.
According to the data released by the ministry of finance, more than ₹ 7,100 crore was raised in the financial year 2023 through government gold bonds and gold monetization scheme. Whereas in FY 2022, this collection was more than ₹ 13,100 crore.
A model agreement was drafted by the Indian Banks Association but RBI later modified it, whereby the deadline was extended to the last day of the current calendar year
RBI has said that about 10% of the retail borrowers are regularly missing their EMIs but are just managing to stave off the non-performing asset stamp by scrambling to pay some amount before the mandatory 90-day deadline passes.
With the mutual fund industry size booming day by day, there is a urgent need to review the roles played by various categories of people that are a part of mutual fund industry.
The largest chunk of money siphoned off due to frauds belong to loan-related frauds. The Reserve Bank’s Annual Report 2022-23 says there were a total of 9,097 frauds that took place in the financial year 2021-22. This number increased to 13,530 in 2022-23