The FinTech Hub
Source: Live Mint Before opening a fixed deposit (FD) account, depositors typically compare the interest rates offered by banks on their fixed deposits. Lenders, typically, offer lower interest rates on short term fixed deposits and higher rates on long term deposits. This means the interest offered on three-year FD is usually higher than that on…
Source: Live Mint What followed was nothing short of a nightmare. Within an hour, the octogenarian received calls from people posing as Central Bureau of Investigation (CBI) officers from Mumbai. They alleged that his Canara bank account had been used to launder money. Oswal did not have an account with Canara Bank, but the scamsters…
Source: Business Standard 4 min read Last Updated : Oct 04 2024 | 1:14 PM IST Public sector banks shine: Shares of public sector banks (PSBs) have rallied up to 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade after Bank of Baroda (BOB) reported steady provisional numbers for the July…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 11:08 AM IST The Reserve Bank of India (RBI) has turned down Canara Bank’s proposal to establish a credit card subsidiary, a move that the government-owned lender believed would boost its growing card business, reported The Economic Times. Currently, Canara…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
