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Financial News
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Urban Money Aims Higher in FY24
October 12, 2023
Urban Money, the fintech division of Square Yards, has announced that it anticipates the facilitation of Rs. 30,000 crore in home loan disbursements in the present financial year.Urban Money is presently functioning throughout 250 cities and has already facilitated disbursals of around INR 15,370 crore in the last financial year…
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HDFC Bank Merger: Changes for HDFC FD Customers; Annual Results and Dividend Awaited
June 15, 2023
In a significant development in the financial sector, HDFC Ltd and HDFC Bank have recently announced their long-awaited merger. The merger between these leading entities, HDFC and HDFC Bank, will bring about several changes and opportunities for customers and shareholders. HDFC, the leading housing finance company, and HDFC Bank, one…
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Currency Revamp Countdown: Deposit or Exchange Your Rs 2000 Notes
May 23, 2023
After the unexpected turn of demonetisation, banning the INR 2,000 notes in India has sent shockwaves through the citizenry. The abrupt announcement has left people in a state of bewilderment, concerned about the impending chaos that lies ahead. In a twist that caught the nation off guard, the Reserve Bank…
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Bank of Baroda Reduces Home Loan Rates to 8.5%
March 07, 2023
Bank of Baroda, also known as BOB, recently announced a reduction in home loan rates to 8.5%. This move is part of the bank's effort to attract more customers in the highly competitive Indian banking market. The new Bank of Baroda Home Loan interest rate is applicable to all housing…
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Repo Rate Stands at 6.50% post 0.25% Hike, Announces RBI
February 08, 2023
The Monetary Policy Committee (MPC) of India met for the first time since the Union Budget 2023 was delivered by the Indian Finance Minister, Nirmala Sitharman. The MPC meeting went from February 6th to February 8th, delivering the news of the repo rate hike by 0.25 basis points (BPS). This…
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Budget 2023: Compare New vs Old Tax Regime for Best Option
February 08, 2023
Finance Minister Nirmala Sitharaman has released the first Budget for Amrit Kaal 2023-24, which promises to be a budget like no other. While continuing the plans outlined in the previous Budget, Sitharaman outlines a plan for promoting sustained economic growth for the next 25 years as India aims to reach…
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Government Increasing PMAY Funds to INR 79,000 Crore in Budget 2023
February 03, 2023
Finance Minister of India, Nirmala Sitharaman, in her Union Budget 2023 speech, announced that the Pradhan Mantri Awas Yojana 2023 is being allocated funds worth INR79,000 crores. This 66% hike from the last year’s allocation of INR 48,000 crores is perceived as the Indian Government’s commitment to ensure the building…
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Budget 2023 Live Updates and Highlights
February 01, 2023
The major highlight of the Union Budget 2023 is the income tax rebate limit which has increased from Rs. 5 Lakhs to Rs. 7 Lakhs under the new tax regime. Finance Minister Nirmala Sitharaman has presented the Union Budget for 2023 today in Parliament today, which is said to be…
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SBI is Offering 30-40 bps concessions on Home Loan Rates Till March 31, 2023
January 30, 2023
State Bank of India (SBI) is one of the major lenders in the public sector. It has recently announced a new scheme in its exciting festive offer, "campaign rates," wherein SBI is lowering its home loan interest rates by 30 to 40 basis points. This exciting deal is valid till…
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Expectations from Union Budget 2023-24
January 24, 2023
Every year at this time, we look forward to the Honourable Finance Minister rising to present the Union Budget. The current finance minister is undoubtedly making a difference, even if most finance ministers leave their mark. As a result, we, as Indian citizens, are continually raising the bar high for…
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