NSC interest rate: The National Savings Certificate (NSC) is a popular savings tool backed by the government. It offers guaranteed returns and tax benefits, making it attractive to conservative investors seeking low-risk options for steady income. As the latest interest rates for various small savings schemes like PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi, … Read more
MUMBAI: Key among the changes is the requirement that HFCs raise deposits for only up to 1.5 times their net owned funds, which is half the current limit of three times. “Deposit-taking HFCs holding deposits over the revised limit shall not accept fresh public deposits or renew existing deposits until the quantum of public deposits … Read more
The Reserve Bank of India is planning to make the deposit mobilisation rules more stringent for housing finance companies such as PNB Housing Finance or LIC Housing Finance in a bid to put them on the same regulatory platform as other non-banking finance companies. At the same time, the central bank may allow all HFCs … Read more