New RBI rules to regulate penal charges on loans to come into effect from next year
The guidelines with respect to penal charges in loan accounts will be effective from January 1, 2024
First Citizens Bank will buy SVB’s deposits, loans from FDIC
Under the deal, unit First–Citizens Bank & Trust Company will assume SVB assets of $110 billion
Gautam Adani to repay up to $790 million share-backed loans by March
India's Adani Group plans to prepay or repay share-backed loans worth $690 million to $790 million by March-end
SBI hikes lending rates on loans from today, EMIs to go up
The overnight to three-month SBI MCLR rate has been hiked to 7.35%, from 7.15%