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Tuesday, May 17, 2022

SBI hikes MCLR again, second in 1 month

May 16, 2022 6:36:32 am

SBI recently increased interest rate on its bulk term deposits (Rs 2 crore and above) by 40 – 90 basis points, with effect from May 10.

SBI Q4 net soars 41.2%; rate hike to positively impact margins: Khara

May 14, 2022 12:59:16 am

The board has recommended a dividend of Rs 7.10 per share or 710 per cent on the face value for the financial year ended March 31, 2022.

Nirmala Sitharaman, Reserve Bank of India, rate hike, RBI repo rate hike, monetary policy committee, US federal reserve, US Federal Reserve interest rate, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

FM Sitharaman on RBI rate hike: Timing a surprise to many … but people thought should’ve been done anyway

May 8, 2022 7:48:11 am

“It came as a surprise because it’s between the two MPCs (Monetary Policy Committee meetings). But the US Fed had been saying it all the while,” Sitharaman said in her first reaction to the RBI rate hike.

Reserve Bank of India, RBI interest rates, SBI interest rates, interest rates, bank interest rates, Mumbai news, Mumbai city news, Mumbai, Maharashtra, Maharashtra government, India news, Indian Express News Service, Express News Service, Express News, Indian Express India News

‘Rate cycle U-turn: RBI may go for more’

May 5, 2022 4:00:14 am

The RBI action is indicative of the fact that there would be more such action taken over time depending on the evolving inflationary situation.

RBI hikes repo rate: Highlights of Monetary Policy Committee meeting

May 4, 2022 5:27:35 pm

The repo rate was hiked by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months.

RBI says banks reluctant to lend to big business

Full text: RBI Governor Shaktikanta Das’s surprise statement on lending rates, economy, inflation

May 4, 2022 3:01:42 pm

Shaktikanta Das's statement announcing the MPC's decision follows an unscheduled meeting of the committee with all six members unanimously voting for a rate hike while maintaining the accommodative stance.

RBI raises CRR by 50 bps to 4.5% from May 21

May 4, 2022 2:47:24 pm

The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel - Monetary Policy Committee (MPC).

Neobank Open 100th Indian unicorn; IIFL leads $50-mn funding

May 3, 2022 5:17:44 am

The company said on Monday in a statement that it was now valued at $1 billion making it the 100th unicorn in India.

HDFC Q4 net rises 16%, record monthly disbursements in March

May 3, 2022 5:18:49 am

Its board has recommended a dividend of Rs 30 per share for the year ended March 2022 as against Rs 23 per equity in FY21. During 2021-22, individual approvals and disbursements grew by 38 per cent and 37 per cent, respectively, compared to the previous year.

hdfc home loan interest rate

HDFC hikes rates for existing borrowers, EMIs set to go up

May 2, 2022 10:33:38 am

Interest rates are set to go up with the RBI now hinting at withdrawing the accommodative monetary policy to rein in inflation. While the RBI retained the Repo rate at 4 per cent in the last policy review, policy rates are likely to go up in the coming months.

Bank Holidays May 2022, May 2022 Bank Chutti

Bank holidays in May 2022: Here is the list of holidays

May 2, 2022 12:01:39 pm

Bank holidays in May 2022: Banks will be shut on these days this month.

National Bank for Agriculture and Rural Development, NABARD, farmer distress index, distressed farmers, farmer distress, Farmer debt, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

To plug support package loopholes, Nabard plans farmer distress index

April 29, 2022 8:09:39 pm

Depending on the level of distress, the government and the financial institutions can decide on an appropriate package of support instead of the current practice of doling out distress package to all the farmers across the board.

lockdown, india

ICICI Bank launches digital ecosystem for MSMEs

April 28, 2022 7:14:47 pm

ICICI Bank said that anyone can avail of the benefits of its digital solutions by simply downloading the new version of the InstaBIZ app, or at the lender’s corporate internet banking platform.

Five financial habits to become a more disciplined investor in 2022-23

April 25, 2022 3:53:34 pm

It's the start of the new financial year, and there is no better time than now to rectify your mistakes and streamline your investments by adopting simple habits to make your investments disciplined.

FD interest rates for F.Y. 2022 | Fixed Deposit interest rates 2022

Fixed Deposit (FD) Interest Rates 2022: Here’s what these banks are offering, check here

April 25, 2022 11:53:47 am

Best FD Interest Rates with 1-Year Tenure in 2022: Here are the fixed deposit (FD) interest rates from the top four banks in India. Read below to find out the best interest rates.

Personal loans, CRIF High Mark, Home loans, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Near 100% festive growth in personal loans over 4 years’

April 22, 2022 3:47:28 am

Home loans witnessed 40 per cent growth in originations (value) during festive season from Rs 138,544 crore in FY19 to Rs 193,227 crore in FY22, and 21 per cent growth in originations (volume) from 6.7 lakh accounts in FY19 to 8.1 lakh accounts in FY22.

Banking and Finance, HDFC Capital, Abu Dhabi Investment Authority, HDFC Bank, HDFC Limited, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

HDFC set to sell 10% in HDFC Capital

April 21, 2022 6:05:02 am

ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.

Banking and Finance, Reserve Bank of India, current accounts, overdraft (OD) accounts, debit card/ATM card/ credit card issuers, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Opening current, cash credit/OD accounts: Banks’ scope widened

April 20, 2022 10:47:30 am

In the case of borrowers where aggregate exposure of the banking system is Rs 5 crore or more but less than Rs 50 crore, there is no restriction on opening of current accounts by the lending banks, the RBI said.

FM Sitharaman for regulating crypto at global level to check money laundering, terror funding

April 19, 2022 6:58:14 pm

Pointing out that unless there's going to be a global approach at regulating and understanding of the technology on cryptocurrencies there is a risk of money laundering.

Poonawalla Fincorp, Poonawalla Fincorp news

Poonawalla Fincorp partners with KrazyBee to enter digital consumption loans space

April 19, 2022 4:29:54 pm

Poonawalla Fincorp said that this partnership is a step towards building strong partnership with partners who have demonstrated distribution at scale, risk management capabilities along with their technology prowess. It provides complete end to end digital consumer loans across the country.

Banking and Finance, HDFC Bank, HDFC Bank profit, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

HDFC Bank Q4 net up 22.8% on better asset quality, higher interest income

April 17, 2022 4:01:45 am

The bank’s net interest income (NII) — the difference between interest earned and interest expended — increased 10.2 per cent to Rs 18,872.7 crore in Q4FY22 as against Rs 17,120.2 crore, with credit growth of nearly 21 per cent and 16.8 per cent rise in deposits on-year.

Co-operative banks in Kerala reel under bad loans, NPAs crossed 38% at end of last year

April 30, 2022 11:07:07 pm

By way of comparison, commercial banks including PSU banks and private sector banks reported NPAs of just 3.99 per cent of their total advances as of December 2021, the SLBC figures show.

Bank of Baroda hikes MCLR across tenors by 0.05%

April 11, 2022 2:30:50 pm

The benchmark one-year tenor MLCR will rise to 7.35 per cent The bank has approved the review of marginal cost of funds based lending rate (MCLR) with effect from April 12, 2022, BoB said in a regulatory filing.

credit score, credit report

Three reasons why you should check your credit score and credit report regularly

April 11, 2022 1:33:00 pm

A credit score is a three-digit number that tells the lender about your creditworthiness basis your credit history. Your creditworthiness tells the lender about your potential to take a loan and repay it.

Uday Kotak, kotak mahindra, Kotak Mahindra group, Kotak Mahindra Bank, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Kotak Mahindra Bank staffer arrested over ‘cheating’ allegations

April 11, 2022 4:02:02 am

The accused has been identified as Alankar Khare, a loan officer of Kotak Mahindra Bank.

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