It said it doesn’t want to introduce schemes without knowing end beneficiaries; BJP calls it a waste of resources. The Indian National Congress (INC) said publishing the caste census will be a priority for the party if it comes to power in the upcoming elections. The party said it couldn’t do it earlier as it […]
Continue Reading
Banks are coming up with separate gold loan branches to woo customers away from NBFCs The Non Banking Financial Companies (NBFC) are facing tough competition from banks in the gold loan segment by offering low interest rates. Commercial Banks have been expanding their gold loan portfolio. Data by BFSI shows that the portfolio saw a […]
Continue Reading
Government bonds with long maturity periods are gaining traction. Investing in Government security (G-Sec) and long-term bonds may yield profit to the investors due to fewer risks despite the recent hikes in repo rate by the Reserve Bank of India (RBI) to curb inflation. Gaurav Khemka, deputy vice president at SBI Funds Management Pvt Ltd […]
Continue Reading
Despite the Karnataka Government giving a two year adjusting period to the Central mandate on age, many schools in Karnataka have already started implementing it. A recent mandate issued by the Central government has left parents confused and worried as it requires children to have completed six years of age to be admitted into the first […]
Continue Reading
While approving credit, experts say that banks can make use of Artificial Intelligence (AI) to analyze and reduce NPAs. Experts warn that there might be an increase in delinquency following the recent approval of credit through United Payments Interface (UPI) by banks. The credit delinquency rate in the Indian market is already higher than in […]
Continue Reading
Retail investors’ strategy to invest long-term prevented them from selling their investments during the financial turmoil Despite bank failures and financial turmoil in March this year, retail investors avoided significant losses as the Indian equity market experienced an eight percent decline in volatility (VIX), protecting investors’ investments, unlike previous crises. India equity markets were expected […]
Continue Reading
Ministry of Finance raising FDI limit to 74 percent has had little impact on small and private insurance players. Small-scale insurance companies have been lagging in reaping the benefits of Foreign Direct Investments (FDI) in the insurance sector, despite FDI limit being raised to 74 percent from 49 percent in 2021. This, small players insist, […]
Continue Reading
Green finance flows in India are falling short of the country’s current needs to meet the NDCs. Green finance flows must increase rapidly to ensure that India meets its targets, stated a report by Climate Policy Initiative, an analysis and advisory organization that specializes in finance and policy. India’s Nationally Determined Contributions (NDCs) and the Panchamrit targets need to […]
Continue Reading
The customers will have to pay higher interest on car loans due to consistent increase in repo rates by the reserve bank of India. According to the India Brand Equity Foundation (IBEF), a trust formed by the Department of Commerce, the automobile industry has historically been a leader in creating jobs in India. Nevertheless, small […]
Continue Reading
For home loan borrowers who availed loans in the last two years, experts say that the impact will be serious. The increase in the cost of borrowing has not prevented people from securing their dream homes by availing housing loans from banks. Despite the increase in interest rate and the Equated Monthly Installments (EMIs) on […]
Continue Reading