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Several banks, including SBI, DCB Bank, idfc FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, and Capital Bank Small Finance Bank, have adjusted their fixed deposit interest rates in May.

The Competition Commission of India (CCI) has approved the merger of idfc Ltd with idfc FIRST Bank. The deal is subject to certain conditions, including the merger of idfc Financial Holding into idfc Ltd, followed by the amalgamation of idfcL with idfc FIRST Bank. The Competition Commission said it has approved the deal under the green channel route.

Union Bank of India and IDBI Bank reported the highest increase in Q3FY24 net profit at 60% and 57%, respectively. ICICI Bank's net profit rose 23.6% to Rs 10,272 crore, while idfc First Bank saw an 18% rise in net profit to Rs 716 crore.

DFC First Bank MD and CEO V Vaidyanathan has said digital infrastructure will have a transformative impact on leaders of tomorrow. "The impact cannot be overstated. With digital connectivity, including Aadhaar and Bharat's optic network, India has achieved a remarkable feat, formalising the economy, notably for MSMEs. Over 100 million merchants now deal digitally through QR codes, facilitating trade and enabling micro-businesses.

Flipkart has slashed the price of the 41mm model of Apple Watch Series 8 to Rs 24,999, a 45% discount. The Midnight color is available at this price, while other colors are priced at Rs 41,999. The 45mm model is available for Rs 41,990, a 10% discount. idfc FIRST bank credit card holders can avail a 10% discount on EMI transactions up to ₹2,000. Flipkart also offers No Cost EMI with Flipkart Pay Later EMI and 5% cashback with Flipkart Axis Bank Card.

President Joe Biden has nominated prominent Indian-American global venture capitalist Deven Parekh as a member of the Board of Directors of the International Development Finance Corporation, a development finance institution and agency of the US government. Parekh, the managing director at software investment firm Insight Partners, was nominated for the post last week. His nomination will be for a period of three years, the White House said in a press release on Friday. By statute, the US International Development Finance Corporation (DFC) Board of Directors includes four members recommended to the President from Senate and House leadership.

This article discusses the seven best lifetime free credit cards with zero annual and joining fees. These credit cards are gaining popularity for providing multiple rewards and benefits. The featured banks include HDFC Bank, Kotak Mahindra Bank, idfc FIRST Bank, ICICI Bank, YES Bank, Standard Chartered Bank, and Bank of Baroda. Each bank offers unique features and rewards such as reward points, fuel surcharge waivers, and discounts on specific categories. By choosing a lifetime free credit card, users can avoid the burden of recurring annual and renewal fees.

Shares of Indian lenders, including SBI Cards & Payment Services and Bajaj Finance, dropped by at least 3% each after the Reserve Bank of India (RBI) announced measures to increase buffers on consumer loans. The NSE Nifty Bank Index fell by 1.3%, with SBI Cards declining by 6.8%. The RBI's move aims to control the surge in unsecured debt, and banks may raise rates and tighten lending norms as a result. RBI governor Shaktikanta Das has been urging banks to enhance internal controls.