In a significant development, the government on Friday, retained the rates for all other small savings schemes while raising the interest rate on five-year recurring deposit schemes to 6.7 per cent.
The Reserve Bank of India (RBI) has announced the launch of a new centralised web portal to search for unclaimed deposits that are more than ten years old.
Lok Sabha on Wednesday approved a bill to save gullible investors from Ponzi schemes.
Days after Rs 10.45 crore in unaccounted income was seized from Surat-based financier Kishor Bhajiawala, the CBI in its investigations found that he used dummy bank accounts to launder black money.
New Delhi: Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August.This will enable the network of 1,54,000
Mumbai: Bank credit grew at a slower rate of 9.8 per cent and deposit growth rate slowed down to 10.7 per cent in the March quarter, says RBI data.Both credit and deposit had recorded a
New Delhi, Apr 19: Almost three-fourth of the candidates who tested their electoral fortunes in the recent MCD elections forfeited their security deposit with independents topping the list.Out of the 2,423 candidates in the fray
New Delhi, July 7: India's largest lender State Bank of India today increased lending rates by 25 basis points and raised deposit rates by up to 100 basis points, a move that will make home,
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