Financial Institutions: Latest News and Updates, Top Stories, Videos, Photos About Financial Institutions

Election Commission Delays Highway Toll Hikes Until After Lok Sabha Elections

The Election Commission (EC) has instructed the National Highways Authority of India (NHAI) to defer the implementation of new toll rates on highways until after the Lok Sabha elections. This decision comes amidst the annual revision of toll hikes, which typically ...

NHAI Revises FASTag Issuers List, Excludes Paytm Payments Bank Amid Regulatory Concerns

The National Highway Authority of India (NHAI) has taken a significant step in enhancing the electronic toll collection system by updating its list of authorised banks and non-banking financial companies (NBFCs) capable of issuing FASTags. This revision follows the recent directive ...

Making Your Money Leap: Navigating How Fixed Deposit Interest Calculations Are Different In A Leap Year

In the financial world, every detail matters, even the extra day in a leap year. As 2024 embraces the phenomenon of an extra day in February, curious minds wonder how this leap year affects the calculation of fixed deposit interest rates. ...

BSE, NSE Gear Up For Special Live Session On January 20 With Disaster Recovery Switch-over

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced a special live session scheduled for January 20, featuring an intraday switch-over to a disaster recovery site to enhance operational resilience. The decision, disclosed via a statement on the ...

How Climate Change Is Shaking Up Financial Institutions

Climate change is not just an environmental concern; it poses significant risks to the global economy and financial institutions. As extreme weather events become more frequent and severe, the repercussions on the economy are vast, impacting businesses, agriculture, real estate, and ...

Moody’s Goes Bearish on Chinese Banks Over Debt Concerns; Downgrades Outlook Of 8 Banks

Moody's Investors Service has downgraded its outlook for eight major Chinese banks from stable to negative. This comes on the back of the credit rating agency's recent assessment of China's sovereign bonds, citing mounting concerns over the nation's escalating debt levels. ...

HDFC Bank Raises Lending Rates Amid RBI's Watchful Eye On Inflation

HDFC Bank has announced adjustments to its Marginal Cost of Funds-Based Lending Rates (MCLR) on select tenures, effective November 7, 2023, as the Reserve Bank of India (RBI) maintains a vigilant stance on inflation. In a move that could impact borrowers, ...

Deloitte survey; Banking, Financial Institutions Struggling To Deal With Increasing Fraud Incidents

In the wake of COVID-19 and new digital operations, banking and financial institutions have been struggling to deal with an increasing number of fraud incidents and the trend is expected to continue, a Deloitte India survey said on Monday. Key reasons ...

Your Deposits Are Safe Even If Bank Fails: FM

The Finance Minister on Wednesday assured bank customers safety of their deposits in case the bank fails. In a tweet Jaitley said, "The Financial Resolution and Deposit Insurance Bill, 2017 is pending before the Standing Committee. The objective of the government ...

What is CKYC?

To get away with the hassle of repeatedly complying with KYC requirements for customers of mutual funds, central know Your Customer (CKYC) is in place. The process requires updation of KYC details of investors by mutual fund players in order to ...

Banks Told To Help Flood Victims In Tamil Nadu

With an aim to help flood victims of Tamil Nadu, Department of Financial Services had issued the following guidelines to be followed by Banks and other Financial Institutions. The department said that it is imperative that all steps be ...

Axis Bank’s new home loan scheme for those earning below Rs 10,000

Private sector lender Axis Bank has launched a home loan product for households earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1,000 crore in a year's time. However, these loans would come at a premium ...

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