Small finance banks are able to provide higher returns as compared to larger banks due their low overhead costs
Data from Sa-Dhan that conducts research on impact financing institutions show that the galloping pace of growth helped the MFIs increase their share
But knowing interest rates is not enough. You also need to ask about processing charges, pre-payment and late payment fees.
Take a look at best interest rates which public and private sector banks are offering to common people as well as senior citizens
Don't put all your money in one bank just because it is easier to access or branch timings are convenient
In most cases, interest rates on used cars are higher than that for buying new cars. The difference can be as high as 5%
RBI Governor Shaktikanta Das also urged private banks to continue focussing on efforts to further strengthen their balance sheets proactively
As many as 40% of bank employees in Bengal are infected, unions claim as they move the government for reducing banking hours
There are 10 small finance banks in the country and they are offering returns between 7% and 8%
In the new fiscal, banks are slowly aligning their exposure towards retail/personal loans to partake in the credit growth boom