Private sector lender IndusInd Bank has become the first bank to reduce the interest rate on savings bank accounts, after it was deregulated by the Reserve Bank of India (RBI) in 2011. The lender was also among the few banks which started offering more on
Ahead of the second round of wage negotiations beginning tomorrow in New Delhi, state-owned general insurers have written to the government expressing the readiness of a section of their employees to join the new pension scheme which they had rejected
Retirement fund manager EPFO’s ambitious project to provide portable universal PF account numbers (UAN) to its subscribers is likely to be launched this month. The UAN project is likely to be launched by Prime Minister Narendra Modi.
Finance Minister Arun Jaitley has set up a committee under Reserve Bank Deputy Governor H R Khan to take stock of unclaimed deposits in the Public Provident Fund (PPF) and post office saving schemes and suggest how these funds can be utilised for the
It might take time to offer life and accident insurance covers under the Pradhan Mantri Jan Dhan Yojana to those opening bank accounts under the scheme, as various issues in this regard are yet to be resolved.