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Finance

Debit card usage declines 20% YoY as UPI becomes the first preference

The utility of debit cards is expected take a hit as more and more people across the country prefer the Unified Payments Interface...

Mutual funds invest Rs 1.82 trn in FY23 on push from retail investors

Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from...

IT service outsource norms to kick in from October this year, says RBI

The Reserve Bank of India (RBI) on Monday released the final norms for outsourcing of information technology- (IT-) related services by financial sector...

State Bank of India to consider raising $2 billion via offshore bonds

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growthBanks tier II bond issuance surges 3.5 times in FY23, shows dataSBI...

Punjab & Sind Bank opens 25 branches across India

State-owned Punjab & Sind Bank on Monday announced the opening of 25 new branches across the country. With the opening of the new branches,...

RBI simplifies CIC application form, prunes list of documents required

RBI has also reduced the number of documents an entity has to furnish along with the application form to register as a CIC...

Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest

Indian Overseas Bank (IOB), a public sector lender, has raised the interest rates on its fixed deposits (FDs). The new interest rates would...

Rupee appreciates 24 paise to 81.78 against US dollar in early trade

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities...

Post office saving schemes compete with bank FDs after 3 rate hikes by govt

Post office term deposits, which were fetching lesser returns than bank FDs in the recent past, have again become competitive with the government...

LIVE: We will work towards inflation target of 4%, says RBI Governor

Catch all the updates of the live address by Reserve Bank of India's Governor Shaktikanta Das on the decision by the Monetary Policy...

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