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rate of interest news

Chandigarh bank fined for encashing FDR without account holder’s consent

An 81-year-old Chandigarh resident had filed a case against the bank. (Shutterstock)
chandigarh news
Updated on Mar 27, 2024 09:34 am IST

Manager, director of private firm booked for duping Chandigarh man of ₹58 lakh

Complainant Krishan Chand Sokhey of Sector 8 C, Chandigarh, in his complaint said that he owns a nursing hostel at Desumajra in Mohali and needed money for its expansion. (Getty Images)
chandigarh news
Updated on May 01, 2023 01:44 am IST

Interest waiver schemes: Loans against fixed deposits, bonds not eligible

The finance ministry has announced waiver on loans but there are a few conditions.
business
Updated on Oct 28, 2020 02:27 pm IST

Banks sanctioned ₹1.5 lakh crore easy loans to small enterprises

The top lenders under the Emergency Credit Line Guarantee Scheme are State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Bank of India, Union Bank of India and HDFC Bank Ltd.
india news
Published on Aug 20, 2020 01:41 pm IST

PSBs disburse Rs 56,091 crore in credit to MSMEs

It provides for an additional working capital loan at a concessional rate of interest to an existing borrower who is not a defaulter. . (EPA Photo)
business
Published on Jul 08, 2020 05:41 am IST

What is the best way to avail the lowest home loan interest rate in India?

It is obligatory to keep an eye on the repo rate announced every quarter by the RBI. Fluctuations in the rates will impact the lending rate on home loans proportionately.
brand post
Updated on Oct 22, 2019 12:39 pm IST

SBI slashes FD rates. Here are the latest rates

SBI has cut the rate by 20 basis points for FDs maturing in 1 year to less than 2 years.
business
Published on Sept 09, 2019 12:33 pm IST

Bank of Baroda plans to purchase ₹5,600-crore loans from NBFCs in Q2

In September 2018, the RBI allowed banks to co-originate priority sector loans with non-banks.
business
Updated on Aug 26, 2019 09:32 pm IST

Citing IL&FS, govt seeks rethink of EPF rate hike

The finance ministry objected to the proposal, citing investments in the troubled IL&FS group companies as one of the factors.
business
Updated on Jun 20, 2019 08:27 am IST

Funding your start-up dream

If you need to borrow money, you are better off getting a personal loan instead of using your credit card.
business
Updated on May 21, 2019 12:22 pm IST

Govt notifies 8.55% interest on provident fund accounts for 2017-18, lowest in 5 years

The EPFO had provided 8.65% interest for 2016-17. The members got 8.8% in 2015-16 and 8.75% each in 2014-15 and 2013-14.
business
Updated on May 25, 2018 09:40 pm IST

No disagreement with finance ministry on 8.55% interest on EPF: Labour minister

Union labour minister Santosh Kumar Gangwar.
business
Updated on Apr 15, 2018 12:16 pm IST
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