Personal Banking

Bitcoin drops nearly 20 percent in six hours

Bitcoin drops nearly 20 percent in six hours

Bitcoin has been rallying over the last few weeks and it all started in December when the cryptocurrency cross USD 20,000 level for the first time.

Ewallets usage keeps on growing in India as second tier cities turn into high growth markets

Ewallets usage keeps on growing in India as second tier cities turn into high growth markets

Ewallets have been steadily gaining market share in India and there are many valid reasons for growth in online payment systems and ewallets.

High Number of Loan Applications Rejected by Indian Banks: Report

High Number of Loan Applications Rejected by Indian Banks: Report

Indian government recently announced a package for ailing businesses and individuals due to COVID-19 lockdowns.

Loans all set to be cheaper

Loans all set to be cheaperLeading banks are likely to cut interest rates by 50-100 basis points in days to come, a move that can help to generate demand and propel economic growth in the country.

External affairs minister Pranab Mukherjee, holding Finance portfolio due to bypass surgery of Prime Minister Manmohan Singh, is meeting top executives of banks on Monday to discuss the matter. He can ask banks to cut lending rates on home, retail and auto loans to revive demand in the economic system. Banks may revise prime lending rates (PLR) or the benchmark interest rate by 50-100 basis points besides some concessions for SMEs and infrastructure firms.

Central Bank slashes lending rates

Allahabad Bank introduces Festival Bonanza for its customers

Allahabad Bank introduces Festival Bonanza for its customersAllahabad Bank, one of the oldest banks in India, has announced a Festival Bonanza for its customers in various buckets of Term Deposits.

The lender stated in a official release that the rate of interest on Term Deposits for Senior Citizens will be 11% per annum for a period of one year up to three years, however for others, it will be 10.50% per annum.

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