Category: Wealth

Sundaram Finance increases interest rates on deposits

CHENNAI: Chennai-headquartered NBFC Sundaram Finance has revised upwards, the interest rates on deposits. The interest rate on fresh deposits / renewals stand increased to 7.75% (7.50%) per annum for 12 and 18 months and...

Bajaj Finance increases its fixed deposit interest rates

New Delhi: After banks, now non-banking finance companies (NBFCs) have started hiking interest rates on fixed deposits (FDs). Bajaj Finance announced on Wednesday, that it has increased its FD rates for “existing loan and...

Time for investors to re-evaluate their habits

By Nishanth Vasudevan Seasoned investors usually say they learn more about stock investing in a bear market than in a bull market. After all, investing is not just about creating wealth but also preserving...

RBI says interoperability available only for full KYC wallets

By Pratik Bhakta BENGALURU:Mobile wallet companies eagerly waiting for the Reserve Bank’s final guidelines on wallet interoperability saw their Dussehra celebrations start early in terms of interoperability between wallets, bank accounts and ability to...

Payments companies asked to stop Aadhaar-based services

By Pratik Bhakta BENGALURU: The Unique Identification Authority of India has written to a number of digital payments companies asking them to stop offering any Aadhaar-based service on their platform, in its first major...

RBI releases norms for facilitating money transfer among e-wallets

MUMBAI: The Reserve Bank Tuesday released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets, a move aimed at promoting digital transactions. The guidelines elaborate on requirements for achieving inter-operability...