SBI Amrit Vrishti term deposit 7.25%

SBI Amrit Vrishti 444 Days Term Deposit: 7.25% Interest Rate Explained

SBI Launches “Amrit Vrishti” 444 Days Term Deposit with 7.25% Interest Rate State Bank of India (SBI), the country’s largest public sector bank, has recently introduced a new term deposit scheme named “Amrit Vrishti”. This scheme offers a competitive interest rate of 7.25% and is specifically designed to cater to the financial needs of both…

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World Bank energy loan

World Bank Approves $1.5 Billion Loan for Low-Carbon Energy Sector

World Bank Approves $1.5 Billion Loan for Low-Carbon Energy Sector The World Bank has sanctioned a substantial loan of $1.5 billion to support the low-carbon energy sector. This funding is set to propel the transition towards sustainable energy solutions, emphasizing renewable energy sources and energy efficiency initiatives. Focus on Renewable Energy The primary objective of…

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RBI LRS norms Gift City IFSC

RBI Eases LRS Norms for Investment via Gift IFSC: Boosting Foreign Investments

RBI Eases LRS Norms for Investment via Gift IFSC The Reserve Bank of India (RBI) has recently announced a significant relaxation in the Liberalised Remittance Scheme (LRS) norms, specifically targeting investments through the Gift City International Financial Services Centre (IFSC). This move is aimed at boosting foreign investments into India through the Gujarat-based financial hub….

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Kotak Mahindra Mutual Fund PSU stocks

BSE PSU Index Fund by Kotak Mahindra: Diversify with Government-Backed Stocks

Kotak Mahindra Mutual Fund Launches BSE PSU Index Fund Kotak Mahindra Mutual Fund has introduced a new investment opportunity with the launch of the BSE PSU Index Fund. This fund aims to capitalize on the potential of Public Sector Undertakings (PSUs) listed on the Bombay Stock Exchange (BSE), offering investors a strategic avenue to diversify…

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PNB Safety Ring banking security

PNB Safety Ring Initiative: Enhancing Internet and Mobile Banking Security

PNB Launches Safety Ring to Enhance Internet and Mobile Banking Security Punjab National Bank (PNB) has introduced a new initiative called Safety Ring aimed at bolstering security measures for internet and mobile banking transactions. This innovative step comes amidst rising concerns over cyber threats in the banking sector. Safety Ring seeks to provide PNB customers…

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Dividend payout by PSU banks

Dividend Payout by PSU Banks for FY 2023-24: ₹6,481 Crore Boost to Government Revenue

PSU Banks Pay ₹6,481 Crore Dividend to Government for FY 2023-24 In the financial year 2023-24, Public Sector Undertaking (PSU) banks have contributed significantly to the government’s revenue by paying a substantial dividend amounting to ₹6,481 crore. This financial contribution highlights the robust performance and profitability of PSU banks, marking an essential development in the…

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India's first Oil & Gas ETF

India’s First Oil & Gas ETF by ICICI Prudential – Key Benefits & Investment Insights

ICICI Prudential Launches India’s First Oil & Gas ETF ICICI Prudential, one of India’s leading financial institutions, has introduced the country’s inaugural Oil & Gas Exchange-Traded Fund (ETF). This groundbreaking initiative aims to provide investors with a unique opportunity to participate in the dynamic energy sector. The ETF will track the performance of major companies…

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Govind Singh Utkarsh SFB

Govind Singh Re-appointed as MD & CEO of Utkarsh SFB: RBI Approves New Tenure

RBI Approves Govind Singh’s Re-appointment as MD & CEO of Utkarsh SFB Introduction The Reserve Bank of India (RBI) has granted approval for the re-appointment of Govind Singh as the Managing Director (MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank (SFB). This decision underscores the RBI’s confidence in Singh’s leadership and the…

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RBI employment trends FY23 vs FY24

India Employment Growth Report FY24: RBI Highlights Key Trends

RBI Report: India’s Employment Growth at 6% in FY24 vs 3.2% in FY23 The Reserve Bank of India (RBI) has released its latest report highlighting India’s employment growth for the fiscal year 2023-24. According to the report, India’s employment sector has shown significant improvement, with a growth rate of 6% compared to a modest 3.2%…

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ICICI Lombard Elevate

ICICI Lombard Elevate: AI-Powered Health Insurance Revolution

ICICI Lombard Introduces Elevate: Revolutionizing Health Insurance with AI Introduction to Elevate by ICICI Lombard ICICI Lombard, one of India’s leading general insurance companies, has unveiled a groundbreaking health insurance initiative named Elevate. This innovative product integrates artificial intelligence (AI) to offer a more personalized and efficient health insurance experience for its users. With Elevate,…

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