No GST to be paid for penal charges levied by banks on borrowers: Nirmala Sitharaman
The 55th meeting of the GST council In Jaisalmer, Rajasthan also made revisions to rates applied on fortified rice kernels …
Banks
Bank of India launches 666 days Fixed Deposit at 7.80% annual returns for senior citizens. Check all details here
The Bank of India (BOI), in a release on May 31, said that it had launched a 666 Days Fixed …
Buying a home? Compare loan interest rates offered by different banks
Buying a home loan is a milestone in one’s financial journey. It is usually the largest loan an individual undertakes, …
RBI invites pleas from eligible SFBs to become regular, universal banks
In December 2019, the RBI provided the transition path for SFBs to convert into universal banks. Â Reserve Bank of …
RBI’s New Guidelines: Relief to Loan Customers with Fair Practices in Interest Charging
The Reserve Bank of India (RBI) has issued guidelines called the Fair Practices Code for lenders, including banks and non-banking …
Bajaj Finance, Shriram Finance follow banks, hike FD rates
Two leading NBFCs -Bajaj Finance and Shriram Finance -have hiked rates on term deposits following a slew of deposit rate …
Banks receive GST notices for use of brand name by branches, subsidiaries
Several banks have started receiving goods and services tax (GST) notices for using their brand name by their branches and …
