HDFC Bank cuts MCLR by 10 basis points across all tenors

HDFC Bank reduced the marginal cost-based lending rate (MCLR) for loans of all maturities by 10 basis points (bps). The reduction in interest rates on HDFC bank loans will make the EMI of housing and other loans cheaper in relation to their marginal cost based on loan interest rates.According to the latest interest rate cut […]

Cash pilgrims and bricks of money: HSBC Swiss bank operated like cash machine for rich clients

Despite its self-protective caution, HSBC does however appear to have tipped its customers off to behaviour that might alert the taxman. In another case, a banker said two clients “asked about taking cash into the UK. I told them that the ‘limit’ was £10,000 – information obtained from HSBC Compliance in London who had spoken […]

CBI takes up investigation into ₹45-cr. fraud at Indian Bank

Going by the First Information Report, for the first time the bank participated in the open tender floated by the Chennai Port Trust for term deposits and succeeded in the bid. This was communicated to the Koyambedu branch, following which term deposit accounts were opened on March 7.

Banks sanction around 44% of targeted Rs 3 lakh crore in liquidity support to MSMEs: CARE Ratings

On August 1, the government widened the scope of the Rs 3 lakh crore MSME credit guarantee scheme by doubling the upper ceiling of loans outstanding to Rs 50 crore and including certain individual loans given to professionals like doctors, lawyers and chartered accountants for business purposes under its ambit.

Let banks pay power companies directly to avoid delays: Cabinet Secy-led panel

New Delhi: An empowered committee headed by cabinet secretary PK Sinha has suggested strong policy measures to revive stressed power plants with improved coal availability and by ensuring timely payments from state utilities with the help of banks and, if necessary, the Reserve Bank.The panel suggested that banks can make direct payments to companies by […]

Sushant Singh Rajput asked to close bank account; cancelled request days later: Report

The ED has registered a case under the Prevention of Money Laundering Act against Rhea and her family members on the basis of the complaint of Singh submitted at the Rajiv Nagar police station in Patna. The investigating team is also set to look into her income and purchases of two high-value property in Mumbai […]

Coronavirus: Millions for small business ‘sitting in council accounts’

For the small businesses grant they must be based in England, occupy property for business use and have been eligible for relief on various rates by 11 March 2020.To access the retail, hospitality and leisure grant the business must be mainly used as a venue for hospitality, retail or leisure. Some charities can also apply.Brent […]

8.64 lakh people registered with Delhi govt’s ‘Rozgar Bazaar’ job portal: Gopal Rai

“So far, around 10 lakh vacancies have been closed by companies after they initiated or completed the process of hiring candidates,” he said. “The Delhi government’s job portal has set up a new model of employment in Delhi.” Rai, who is also the labour minister, said the AAP dispensation would soon launch a poster campaign […]

Amazon Prime Day Sale deals: Up to 50% off on gaming consoles and accessories

Other new releases and pre-order games 3. Video games combos deals 4. See Amazon’s bestselling video games Disclaimer: The Times of India’s journalists were not involved in the production of this article. The product prices mentioned in the article are subject to change with offers given by Amazon.