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Fixed maturity plans generally invest in securities with higher credit quality so that credit and liquidity risks are minimal
A returning non-resident Indian can open a foreign currency account with a bank, but one cannot transfer money from India to these accounts
Bank of India's NPAs fell marginally to 13.51% of the gross advances at the end of June this year from 13.91% in the same period a year ago
IndusInd Bank can now be authorised to handle transactions pertaining to revenue receipts under CBDT, CCBIC and GST on behalf of state/central govt
Punjab National Bank news: The changes include FD interest rate change and three debit cards for a single account
The SIM binding feature basically follows the 'One Mobile Device – One User – One RMN (registered mobile number)' rule to execute banking transactions
e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface
Bankers who are privy to the difficulties faced by the customers, claim that ample time was given for closing these accounts
Launch of e-RUPI: Targeted, transparent system will ensure leak-proof transfer of government benefits to the users, says PM Narendra Modi.
SBI has announced 100% waiver on processing fees on home loans until August 31 for all customers