Page 2 - Finance

Karnataka Bank increases fixed deposit interest offering up to 7.5 %

Lender offers 3.50% rate to general citizens on deposits with tenures ranging from seven to 45 days

EPFO to give time till Dec 15 to activate UAN for financial scheme

The earlier date for UAN activation to get benefits under the ELI Scheme was Nov 30

Life certificate submission deadline missed? What pensioners must do next

Failure to submit a Life Certificate by deadline may lead to a suspension of pension payments starting December

Federal Bank new savings account for seniors with insurance, lounge access

Esteem Savings Account is available for new and existing customers at all Federal Bank branches

TN asks Finance Commission to consider 'income distance' for tax devolution

State also wants weightage increased for contribution to national GDP and urbanisation

SBI raises $500 million through 5 year bonds from international investors

State-owned lender also raises Rs 10K cr through 15-yr infra bonds at 7.23%

Fusion Finance stays in red with Q2 net loss of Rs 305 cr; GNPA hits 9.4%

Its impairment for financial instruments, that is credit costs, shot up to Rs 694.05 crore in Q2Fy25 from Rs 76.2 crore in Q2FY24 and Rs 348.47 crore in Q1FY25

Local rural bodies should raise their own resources, says Arvind Panagariya

Several states do not have proper state finance commissions (SFCs) for fund distribution to urban local bodies and panchayati raj institutions

Samco MF launches tax-efficient arbitrage fund for high-tax slab investors

The scheme aims to invest in arbitrage opportunities between spot and futures prices of traded equities and within derivatives. If none are available, the Fund Manager may invest in debt and money mar

BS BFSI Summit: Why go to Mauritius, come to GIFT City, say fund managers

BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape

Digital Life Certificate Campaign 3.0:How to get Jeevan Pramaan via face ID

Pensioners who are unable to access the digital platform can choose the traditional way to submit their documents

PM-Vidyalaxmi scheme for higher education: What it is & how to apply

For a loan of up to Rs 7.5 lakh, a student will be eligible for a credit guarantee of 75% of outstanding default

Finance Commission grants released for RLBs in Haryana, Tripura, Mizoram

The Centre has released the first installment of the 15th Finance Commission grants for 2024-25 to rural local bodies in Tripura and Haryana, and a second installment in Mizoram, according to an official statement on Tuesday. The Ministry of Panchayati Raj said in Tripura, untied grants totalling Rs 31.40 crore and tied grants of Rs 47.10 crore have been released for all 1,260 rural local bodies (RLBs), including traditional local bodies, 40 block advisory committees and 587 village committees. Untied grants are utilised by RLBs for location-specific needs, except for salaries and other establishment costs. Tied grants are used for basic services such as sanitation, maintaining Open Defecation Free (ODF) status and the supply of drinking water, rainwater harvesting and water recycling. Haryana has received untied grants amounting to Rs. 194.867 crores. These funds have been disbursed for 18 eligible district panchayats, 139 block panchayats and 5,911 gram panchayats in the state, th

Performance, taxes: Why you should review mutual fund portfolio regularly

Investors should avoid impulsive decisions and follow a long-term strategy, according to experts

Silver trumps gold with 30% YTD return, but experts advise caution

Gold has returned 23%, compared to 15% for the Nifty

PNB credit card offers discounts and cash backs for festival season

Cardholders may get discounts on consumer durables, travel bookings, eating out, food and grocery deliveries

Use EMI to shop at Blinkit for orders above Rs 2,999: Here's how

Blinkit's EMI feature aims to boost customer loyalty by providing flexible payment options for higher-value orders

RBI expands alert list, names 13 unauthorised forex trading platforms

Ranger Capital, TDFX, Inefex among entities barred from trading after violating regulations

At 5,253 Cr, Pune's stamp duty collections jump 38% in nine months of 2024

The city recorded 1,38,412 property registrations, marking a significant 29 per cent increase compared to the same period in 2023

IDFC First raises fixed deposit rates, offers up to 8.25% on schemes

Senior citizens are given an added advantage and can earn 0.50% more as interest