On Friday, the Reserve Bank of India (RBI) said that it will infuse Rs 15,000 crore in the financial system in the month of June through purchases of government bonds via the auction route. These government securities will be bought under Open
As per the guidelines for Payment Banks, they cannot accept deposits of more than Rs 1 lakh from one account holder and are not allowed to lend money.
Go Air on Friday announced the steepest discount offer on its domestic network for about 1 million seats for fares as low as Rs. 899. The bookings under the 3-day offer will commence from May 27. The offer is valid for
After PM Modi's massive mandate in Lok Sabha elections, the apex bank is expected to lower interest rates by as much as 100 basis points in 2019, said a global brokerage concern. 1 basis point is one-hundredth of a percentage point.
Analysts at Kotak Institutional Equities said the ongoing improvement in the balance sheet of banks can support the overall credit growth by offsetting NBFCs' likely lower disbursements.
FPIs registered with Sebi are eligible to voluntarily invest through the route in government and corporate bonds.
The Reserve Bank said it will inject Rs 15,000 crore into the financial system next month through purchase of government bonds via the auction route.
The RBI has released a draft circular on the 'Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs).
The Sensex added a whopping 1,504 points in the week or about 3.9% buoyed by the sentiment around Narendra Modi's victory. We take a closer look.
A stable government with absolute majority augers well for the equity markets as policy decisions become more predictable.
Share market highlights: The Sensex and Nifty ended the week on a euphoric note after Narendra Modi-led NDA's emphatic victory in Lok Sabha polls. The Sensex closed 624 points higher at 39,434.72.
Struggling to manage your finances and keep them in line with your overall long-term financial goals, here is the rule which can set your budget right, provided you adhere to it.
Air miles that can be redeemed for free or discounted flight tickets, free travel insurance and lounge accesses are some ways a travel credit card can help you save more while you’re on a vacation.
As per a CBDT notification, form 15H has been amended and now senior citizens with taxable income up to Rs. 5 lakh can claim TDS exemption in lieu of interest on their deposits with bank and post offices. It is to
Capital markets are going to take comfort on account of continuity in administration and policies assuming re-election of a majority government.
The benchmark BSE Sensex erased early gains to end 299 points lower Thursday as investors booked profits after stocks soared to record highs after BJP's strong showing in the Lok Sabha polls.
It was a roller coaster ride for the benchmark indices, with the Sensex and the Nifty hitting new record highs. The Sensex in intra day trade crossed the 40,000 points mark for the very first time, while the Nifty hit a
The history of financial transaction dates back to times when individuals making fund transfer had no other option but to visit a bank branch and fill up the requisite form to execute the transaction. But ever since then times have now
If you have a PPF account, a recurring deposit or an SBI loan, you can use the cash deposit machine to deposit cash into those accounts and investments.
Banks along with fintech companies and online loan providers in India are offering personal holiday loans both for domestic and international holidays
As BSE's Sensex and NSE's Nifty 50 touch new all-time highs on Thursday, Nifty's PSU Bank emerges as the best performing sector for the day. The index gained over 7 percent to hit an intraday high of 3,399.25 points. Among the
Today is the most awaited day for many as the election counting progresses and so far NDA leads UPA with 309 seats. And will the results, either way, i.e. if NDA led BJP comes to power again or not, will have
IDBI Bank will add Rs 10 bn to its bottomline through various initiatives undertaken by the bank and its shareholder Life Insurance Corp of India, said Rakesh Sharma, bank’s MD and CEO.
According to prudential norms of the Reserve Bank of India, if an account is classified as an NPA in a given year, the interest earned of the account has to be reversed. The lender's net interest margin (NIM) fell by 24 basis points q-o-q to 3.59%.
The 100-Day plan of big ideas for decisive action is important. But, so is a longer term plan to overcome the systemic and structural challenges to making industry globally competitive.