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Financial News
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Indian Banks to Open on Saturday-Sunday, March 30th & 31st for Year-End Transactions
March 26, 2024
‘In a significant move to facilitate year-end financial transactions, several Indian bank branches will be open this weekend, i.e. Saturday-Sunday, March 30 and 31, 2024. This decision, made at the request of the Government of India, is crucial for the smooth handling of government receipts and payments for the financial…
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AU Small Finance Bank & Fincare Small Finance Bank Merge!
March 08, 2024
The Reserve Bank of India (RBI) has approved the merger of Fincare Small Finance Bank Ltd and AU Small Finance Bank Ltd, which will take place on April 1, 2024. Under the agreement, shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for…
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FASTag Explained: Simplifying Toll Payments Across India
March 08, 2024
With the recent modifications in Paytm's payment structure for FASTag recharges, different platforms are pacing to offer alternatives. With Paytm altering its payment methods for FASTag recharges, a wide market has opened its gates for different financial platforms. Since such a great shift is happening in the world of finance,…
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Union Budget 2024 Live Updates
February 01, 2024
Finance Minister Nirmala Sitharman is presenting the Interim Budget 2024 today, the last one before the Lok Sabha elections. The budget is expected to focus on infrastructure, income tax, and job creation amid the challenges posed by the Covid-19 pandemic and the economic slowdown. Sitharaman will also highlight the achievements…
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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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