August 11, 2023 10:15 IST
The RBI announced on Thursday that it will bring a framework of transparency and proper rules while resetting equated monthly instalments- (EMI-) based floating rate loans.
Fri, Aug 11, 2023August 10, 2023 11:35 IST
Equated monthly instalments (EMIs) of home, vehicle and other loans are expected to remain steady for the time being. The inflation projection has been hiked from 5.1 per cent to 5.4 per cent for FY2024, with high food inflation.
Fri, Aug 11, 2023August 10, 2023 00:35 IST
The income of Tata Sons is mainly from tech giant Tata Consultancy Services (TCS) which made a profit of Rs 39,106 crore in FY23. Air India, where Tata Sons, had invested a huge amount is estimated to have made a huge loss in FY23.
Thu, Aug 10, 2023August 06, 2023 04:04 IST
The new system will harness online conciliation and online arbitration for resolution of disputes arising in the securities market.
Mon, Aug 07, 2023August 04, 2023 07:15 IST
Since April this year, 12 companies have raised a total Rs 12,149 crore through IPOs, according to data compiled by Prime Database. Some of the successful IPOs include Mankind Pharma, Cyient DLM Ltd, Ideaforge Tech, and IKIO Lighting.
Fri, Aug 04, 2023August 02, 2023 23:59 IST
Total interest payable for a tenure of 20 years now exceeds the principal amount
Thu, Aug 03, 2023August 02, 2023 14:09 IST
Global credit ratings agency Fitch has downgraded the credit rating for the United States to AA+ from AAA, its highest possible rating. What impact will this have on global markets?
Thu, Aug 03, 2023August 02, 2023 05:45 IST
Originally, five bidders were in the race to buy the company which reported a turnover of Rs 2,161 crore and a net profit of Rs 466.96 crore for the year ended March 2023.
Wed, Aug 02, 2023July 31, 2023 00:37 IST
A captive insurance company would have enabled a business group to set up an inhouse wholly-owned subsidiary insurer to provide risk mitigation services for its parent company or related entities.
Mon, Jul 31, 2023July 31, 2023 00:30 IST
However, the performance of the corporate sector – the key driver of the economy -- does not seem to share that optimism, with company results reflecting a sharp moderation in sales growth and increasing pressure on profit margins.
Mon, Jul 31, 2023July 24, 2023 04:20 IST
The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during the fiscal ended March 2023 as against Rs 174,966 crore a year ago in March 2022 and Rs 202,781 crore in March 2021.
Mon, Jul 24, 2023July 17, 2023 12:44 IST
The major driver is the return of FPIs, the buoyancy in the global markets, strong macroeconomic fundamentals and the easing of inflation in India. But retail investors should still not go overboard.
Tue, Jul 18, 2023July 17, 2023 00:59 IST
The government had selected State Bank of India (SBI) Managing Director Swaminathan Janakiraman as a Deputy Governor of the Reserve Bank of India in June.
Mon, Jul 17, 2023July 17, 2023 00:52 IST
Bank deposits grew by Rs 11.16 lakh crore to Rs 191.6 lakh crore during the quarter ended June 2023. Of this, time deposits (fixed deposits) showed a growth of just 5.3 per cent to Rs 167.11 lakh crore despite the withdrawal of Rs 2,000 notes and the tax liability on debt funds.
Mon, Jul 17, 2023July 14, 2023 07:00 IST
Over the last three months the Sensex has rallied by 10%, driven by inflows of more than Rs 1.15 lakh crore by foreign portfolio investors beginning May 2023. The rally in the mid- and small-cap indices has been bigger — around 19% and 18% respectively.
Fri, Jul 14, 2023July 12, 2023 04:30 IST
As per the affidavit, there were 6,566 enforcement actions taken in the fiscal year 2021-22 (FY22), followed by 6,653 actions in 2022-23 (FY23).
Wed, Jul 12, 2023July 11, 2023 05:04 IST
An expert committee appointed by the Supreme Court had in May had said that the difficulties experienced by Sebi in identifying holders of economic interest were at least partly because of the repeal, in 2019, of the 2014 provisions on “opaque structures”.
Tue, Jul 11, 2023July 10, 2023 04:30 IST
IRDAI had named LIC, GIC Re and New India Assurance as domestic systematically important insurers -- which are considered as “too big or too important to fail”
Mon, Jul 10, 2023July 06, 2023 11:04 IST
RBI has asked banks to facilitate execution of the fresh/supplementary stamped agreements with their customers, by taking measures such as arranging stamp papers, franking, electronic execution of agreement, etc. and provide a copy to the customer.
Fri, Jul 07, 2023July 06, 2023 10:07 IST
Banks usually issue credit cards to customers in association with card networks. If a customer has a credit card issued by the bank with its logo and the Visa logo on it, the bank is the credit card issuer and Visa is the credit card network.
Fri, Jul 07, 2023July 05, 2023 04:00 IST
According to NSDL data, foreign investors invested around Rs 60,000 crore in April-June period of 2023.
Wed, Jul 05, 2023June 30, 2023 11:27 IST
CICs have information about all the borrowers and creditors in the financial system. The central bank slapped a monetary penalty of Rs 26 lakh on TransUnion CIBIL Ltd and Rs 24.75 lakh on Experian Credit Information Company of India Pvt Ltd, to name a few.
Fri, Jun 30, 2023June 30, 2023 02:08 IST
On Wednesday, in a reversal of its earlier decision, the government deferred the move to include international credit card spends outside India under the LRS.
Fri, Jun 30, 2023June 28, 2023 18:11 IST
Housing finance company HDFC Ltd and private retail bank HDFC Bank are set to merge on July 1, creating a mega entity. How and why did the merger come about, and what will change after the two companies become one?
Sat, Jul 01, 2023June 25, 2023 23:45 IST
Banks were finding the going tough in assessing and collecting TCS on exemptions while using credit and debit cards outside India, banking sources said.
Mon, Jun 26, 2023