MUMBAI: Public sector banks have outperformed non-public counterparts within the fairness market throughout fourth quarter of FY24 as they acquire from govt tasks, S&P stated in a report.The market capitalisation…
US treasury secretary Janet Yellen wrapped up 4 days of talks in China with a warning to the nation's banks and exporters: In case you assist bolster Russia's navy capability,…
Fastened Deposit Curiosity Charges: Fastened deposits (FDs) provide a safe avenue for funding, notably favored by risk-averse people and senior residents. Lately, a number of prime banks have raised their…
NEW DELHI: The Reserve Financial institution of India on Friday saved the repo fee unchanged for the seventh consecutive time at 6.5%. This means that your mortgage EMIs are prone…
MUMBAI: RBI has relaxed its earlier norms on alternate funding funds, which required lenders to make full provisions for his or her investments in AIFs if the fund invested in…
Financial institution holidays April 2024: Banks throughout the nation are gearing up for a collection of holidays in April 2024, marking the beginning of the brand new monetary yr. The…
NEW DELHI: The Authorities of India has requested all company banks to maintain their branches coping with authorities receipts and funds open for transactions on March 31that is Sunday, in…
NEW DELHI: Monetary companies secretary Vivek Joshi has mentioned that public sector banks have been requested to test mis-selling of insurance coverage merchandise and guarantee safety of account holders' curiosity.…
NEW DELHI: Shares of Paytm's guardian firm, One97 Communication, hit higher circuit on Friday following Nationwide Funds Company of India (NPCI) approval to hitch UPI as a Third-Social gathering Software…
MUMBAI: One97 Communications is more likely to accomplice SBI, HDFC Financial institution, Axis Financial institution and Sure Financial institution to settle UPI transactions as soon as it will get the…
MUMBAI: RBI has requested bank card issuers to arrange a system that may verify the tip use of funds to maintain a examine on fintechs that try to stretch regulatory…
New KYC updation course of quickly? Banks are engaged on strengthening their KYC (Know Your Buyer) requirements by including additional verification layers to determine accounts and account holders. This initiative…
FD fee calculation: Have you ever ever questioned how banks calculate mounted deposit rates of interest in a bissextile year? Leap years occur each 4 years and encompass Three hundred…
Mumbai: Banks and huge finance firms must disclose their governance, technique, and danger administration buildings to handle local weather change dangers by FY26, in keeping with RBI.The draft disclosure framework…
MUMBAI: Practically a month after RBI's transfer to curb operations of Paytm Funds Financial institution, Vijay Shekhar Sharma, its founder and majority shareholder, has stepped down because the non-executive chairman…