One of the leading SFBs, Equitas Small Finance Bank Ltd, has announced a hike in interest rates for fixed deposits as well as recurring deposits in accounts for domestic and NRE/NRO. The rate hike will take effect on March 1st, 2023. With the hike, FD customers will have the opportunity to earn 8.20% interest on …
New Delhi: The Indian technology sector is set to grow 8.4% in FY2023 to hit $245 billion in size, IT industry body Nasscom said on Wednesday. The sector saw revenues of $226 billion in FY2022, the industry body said in its Strategic Review 2023 presented on the sidelines of Nasscom Technology Leadership Forum (NTLF 2023), …
Indian tech industry to grow 8.4% to $245 billion in FY23: Nasscom indiabusinessport.com Read More »
New Delhi: Global credit rating agency Moody’s Investors Service on Wednesday said outlook for India’s banking sector remains stable and is supported by economic growth and improved financials. “We maintain a stable outlook for India’s (Baa3 stable) banking system. While we expect the country’s real GDP growth to moderate in the fiscal year ending March …
Moody’s maintains stable outlook on Indian banks indiabusinessport.com Read More »
Utkarsh Small Finance Bank (SFB) hikes interest rates on fixed deposits of less than ₹2 Cr. For the general public, the bank presently offers interest rates between 4.00% and 7.00%, while for senior citizens, the band is 4.75% to 7.75%. At Utkarsh Small Finance Bank, deposits maturing in 700 days will now earn a maximum …
Mumbai: Indian banks face an uphill task of mobilising deposits while minimising the impact on margins, apart from setting aside additional provisions on account of the proposed transition to the expected credit loss (ECL) model, rating agency India Ratings and Research said on Wednesday. “Deposit repricing will continue to happen in a competitive environment especially …
New Delhi: The central government hosted the first meeting of the governing board of BIMSTEC Energy Centre (BEC) on 27 February, 2023 in Bengaluru. The meeting witnessed active participation from member countries Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. “India’s ‘Neighbourhood first’ and ‘Act East’ policies were highlighted during the meeting and a …
Jana Small Finance Bank (SFB) is celebrating its 5-year anniversary today, and on the occassion of the same the bank has introduced a special fixed deposit tenure of 500 Days for its customers. On this special tenure, the bank is offering an interest rate of 8.15% for the general public and 8.85% for senior citizens. …
Karnataka Bank Limited an Indian private sector lender based in Mangalore has announced an interest rate hike on fixed deposits of less than ₹2 Cr. The bank is now offering interest rates between 5.25% and 5.80% on deposits with maturities ranging from 7 days to 10 years. The bank will grant a maximum interest rate …
The private sector lender IDFC First Bank has hiked its interest rates on fixed deposits of less than ₹2 Cr. For deposits with maturities ranging from 7 days to 10 years, the bank is providing interest rates of 3.5% to 7.00%. IDFC First Bank is currently giving a maximum interest rate of 7.75% on deposits …
IDFC First Bank hikes FD rates by up to 7.75% effective from today indiabusinessport.com Read More »
Singapore-based creator tech company Animeta, launched by former Cosmos-Maya CEO Anish Mehta has announced several strategic hires. The new appointees include Vipasha Joshi as chief operating officer, Krishna Desai, as chief product officer and Biswamitra Ray who will look after branded content and creator projects. These appointments follow the recent announcement of Devdatta Potnis as …
Tech creator company Animeta announces strategic hires indiabusinessport.com Read More »
