Mallya faces charges of financial misconduct and Westminster Magistrates Court will rule on the admissibility of key documents today.
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When it comes to taking loans, there are many options available in India; people can borrow money from banks/financial institutions easily.
However, banks provide bigger loans with higher interest rates for longer terms. But sometimes, people need small loans for short time.
So, several Indian fin-tech start-ups have started offering quick "micro loans" to help people meet their needs.
Here are 7 such start-ups.
In a bid to increase its deposits, HDFC Bank has now hiked interest rates on term deposits by up to 100 basis points (one percentage point).
In February, SBI had also hiked interest rates on term deposits by 50 basis points. Other banks are also expected to follow suit.
Several reasons are driving term deposit rate hikes in India, say analysts.