There are signs that the word is emerging from the impact of coronavirus pandemic, said Federal Reserve Bank of India (RBI) Governor Shaktikanta Das on September 22, while speaking at the 48th AIMA National Management Convention. Covid-19 may be a watershed event in our era, Das said, adding it’s caused widespread devastation of lives and livelihoods. There are only a few parallels to the […]
DICGC to pay depositors of 21 insured banks placed under all inclusive directions
Deposit Insurance and Credit Guarantee Corporation (DICGC) on September 21 announced it shall pay the depositors of the insured banks placed under the all-inclusive directions (AID) an amount like the deposits outstanding (up to a maximum of Rs 5 lakh only) within a period of not exceeding 90 days, DICGC said during a release. A total of 21 banks […]
SBI home loans at 6.70%: Step-by-step guide and other details
The depository financial institution of India (SBI) has introduced first-of-its kind credit score linked home loans at 6.7 percent for its customers for any loan amount. SBI Chief head (CGM) Umesh Kumar Pandey informed that this drive to supply home loans at concessional interest rates are going to be completed in two phases, the bank said in its official release. The first phase are […]