• HDFC, Bajaj Finance hike FD interest0

    [ad_1] MUMBAI: HDFC has increased interest rates on fixed deposits by 15 to 20 basis points (100bps = 1 percentage point) effective May 12. For retail deposits ranging from 33 months to 99 months, the corporation offers interest between 6.65% and 6.95%. It also offers an additional 0.05% interest rate on individual deposits that are

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  • rbi: RBI tightens NBFC lending and disclosure guidelines0

    [ad_1] MUMBAI: The Reserve Bank of India (RBI) has tightened norms for non-banking finance companies (NBFCs), barring them from lending to businesses that their senior executives and directors are interested in. It has also forced NBFCs to disclose exposure to all sensitive sectors, including real estate, loans against shares and securitised mortgages. The new restrictions

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