by OverviewFX | Sep 6, 2024 | Banking & Finance
By Nimesh VoraMUMBAI – The Indian rupee rose on Friday after disappointing U.S. private payrolls data fuelled expectations of a weaker jobs report, prompting traders to avoid the U.S. dollar.The rupee was at 83.9350 to the U.S. dollar at 9:30 a.m. IST, up from...
by OverviewFX | Sep 5, 2024 | Banking & Finance
The number of credit cards in India is projected to reach 200 million by FY28-29, driven by a compound annual growth rate (CAGR) of 15%, according to a report by PwC. Over the past five years, the credit card industry has experienced a 100% increase in the number of...
by OverviewFX | Sep 5, 2024 | Banking & Finance
Mumbai: More than two-thirds of the deposits mobilised by banks by the end of June 2024 were contracted at interest rates of 7% and above compared with 45% a year ago, latest central bank data showed, pointing to the higher returns lenders are now having to offer to...
by OverviewFX | Sep 5, 2024 | Banking & Finance
New Delhi, State-owned Canara Bank on Wednesday said it has mobilised USD 300 million via the IFSC Banking Unit. The net proceeds from the issue of the notes will be applied by the Issuer’s IFSC Banking Unit at Gandhinagar towards the general corporate purposes,...
by OverviewFX | Sep 5, 2024 | Banking & Finance
Ashok Leyland offers a wide range of commercial vehicles, including intercity light commercial vehicles, long-haul trucks, and various types of buses. Ashok Leyland, India’s leading commercial vehicle manufacturer and the flagship of the Hinduja Group, signed a...
by OverviewFX | Sep 5, 2024 | Banking & Finance
Some banks have recently revised their fixed deposit (FD) interest rates for deposits under Rs 3 crore, effective from September 2024. The latest banks to revise their FD rates are Bank of India, City Union Bank, Bank of Baroda and Karnataka Bank. Let’s take a...
