How investing in gold via mutual funds can be advantageous for you

The issue got overwhelming participation from banks across Taiwan, Japan, China, and the Middle East ensuring a full subscription, including USD 500 million of the greenshoe option. At current exchange rates, USD 1 billion is worth more than Rs 8,200 crore. The deal is the largest ESG loan by a commercial bank in the Asia Pacific and the second largest social loan globally

HDFC Bank users on Tuesday complained about the bank's servers being down, saying that they could not access netbanking or mobile app services. Some users complained on the day that they were not able to access the services for over two hours. While HDFC Bank did not acknowledge the problem, it did aplogise for the 'inconvenience' caused.

Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders, a survey showed. The RBI will likely use the findings to frame the first set of guidelines to boost green finance

PNB is offering retail and senior citizens, respectively, at 7.25 per cent and 7.75 per cent on its 666 days bucket, Bank of Baroda's new pricing comes at 7.05 per cent and 7.755 per cent for 399 days; Bank of India is offering the same rate as that of Bank of Baroda for 444 days, while Bank of Maharashtra's new rate is 7 per cent and 7.50 per cent for 200 days.

Under the new policy that was finalised a few weeks ago, the public-sector bank would give working capital as well as term loans to manufacturers of lab-grown stones against 100% collateral security and high internal rating of the borrower, said a person familiar with the bank's internal circular.

The report showed that of all such fake Indian numbers, 80% are still valid and operational, and SIM cards from all private telecom operators are used to create these fake customer care numbers.

In July 2021, the RBI issued an advisory to banks and financial institutions to cease entering into new financial contracts that reference Libor as a benchmark and instead use any widely accepted alternative reference rate (ARR) by December 2021. The issue figured in a meeting between RBI and senior executives of all top banks in December.