Low-risk investors can spread their savings account deposits among several banks offering high-yield savings accounts to maximize the benefit of the deposit insurance coverage offered by DICGC, a subsidiary of RBI. After a series of buyback rate cuts by the RBI in recent months, fixed deposits are no longer as …
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US-based asset management fund Oaktree Capital has become the highest bidder for bankrupt home finance firm DHFL by bidding Rs 36,646 crore for the entire company, which includes deferred payments and Rs 11,646 crore in advance to lenders. However, the Piramal group offered Rs 13,000 crore in cash up front …
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State Bank of India (SBI) has opened its hiring process as a holiday bonanza for its prospective bankers. (PTI image) The State Bank of India (SBI) has opened its hiring process as a holiday bonanza for its prospective bankers. The public sector bank will hire staff in the position of …
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The Reserve Bank of India (RBI) has kept the repurchase rate constant in its October 2020 monetary policy. Borrowers paying EMI on their floating rate loans have nothing to be happy about, as the Reserve Bank of India (RBI) has kept the buyback rate constant in its October 2020 monetary …
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