Mera Paisa
Clues by Admin • 7 Mar 2018, Wednesday
The recommendation of 7th Central Pay Commission guided the Union Cabinet to increase the dearness allowance to employees and dearness relief to pensioners from 5% to 7% affecting its 11 million employees and pensioners from 1st January, 2018. The move shall benefit about 48.41 lakh ... Continue Reading
Read More at The Economic Times
Clues by Admin • 7 Mar 2018, Wednesday
HDFC ,the second largest private sector lender, raised its one year MCLR (Marginal cost of fund based lending rate) by 10  bps to 8.3 percent effective from March 7, 2018. This move came after  State Bank of  India and ICICI bank ... Continue Reading
Clues by Admin • 7 Mar 2018, Wednesday
As per RBI guidelines, full KYC needs to be uploaded on prepaid payment instruments for users to put money into their e-wallet or transfer the money from their e-wallet to their bank account or to another user. For this, users ... Continue Reading
Clues by Admin • 2 Mar 2018, Friday
SBI recently hiked its deposit and lending rates and paved the way for industry to follow. A deeper study suggests that the hike was pending for some time. One key ratio that indicated where rates were headed was the credit-deposit ... Continue Reading
Read More at Livemint
Clues by Admin • 1 Mar 2018, Thursday
Home and auto loans are set to get costlier as banks increase their benchmark lending rates. State Bank of India has raised its one-year MCLR lending rates by upto 0.20% (20 basis points) to 8.15 per cent, with immediate effect, setting the tone ... Continue Reading
Read More at News18
Clues by Admin • 28 Feb 2018, Wednesday
In the backdrop of incremental credit growth outpacing deposit growth in the banking system, State Bank of India has raised interest rates on domestic retail term deposits (up to ₹1 crore) by up to 50 basis points across tenors with effect ... Continue Reading
Clues by Admin • 27 Feb 2018, Tuesday
EPFO, which has over 6 crore subscribers and a corpus of around Rs. 10 lacs crore, has made it mandatory to file online claims for provident fund (PF) withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organisation. EPFO ... Continue Reading
Read More at The Economic Times
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