Borrowing cost of states declines by 4 bps to 32-week low of 7.40% Amid continuing lower supplies, the borrowing cost for states fell to a 32-week low of 7.40 per cent Tuesday, down by 4 bps from the previous week’s auctions. Throughout January, the interest rates were hovering at a two-year high of close to 7.9 per cent. Then rates ...

Depositor can claim a refund of unclaimed amounts from DEA fund However, if the deposit amount is above the insurance coverage of DICGC, then the liquidator can claim the amount only on a reimbursement basis

Julius Baer Group fills several key roles amid India wealth surge Abhishek Chandra, formerly a senior executive vice president at Kotak Mahindra Bank, has joined as chief operating officer of the Swiss firm’s Indian unit, the bank said in a statement Monday

RBI prohibits IIFL Finance from sanctioning, disbursing gold loans The Reserve Bank on Monday barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold loan portfolio. IIFL Finance can, however, continue to service its existing gold loan portfolio through the usual collection and recovery processes, the RBI said ...

10-year govt bond yield remain flat in absence of any major triggers Indian bond yields opened lower after U.S. yields eased on Friday, with the 10-year U.S. yield falling to levels last seen three weeks ago

Rs 2 lakh as deduction: How to maximise tax saving with National Pension Scheme The NPS is used not only to build a sizable retirement kitty but also to reduce your taxable income by an additional Rs 50,000.

Rupee appreciates 4 paise to 82.87 against US dollar in early trade The rupee appreciated 4 paise to 82.87 against the US dollar in early trade on Monday, amid a weak American currency against major rivals overseas and inflow of foreign funds in the domestic capital markets. A positive sentiment in the equity markets supported the rupee, though the local ...

NEFT records a high of 41 million transactions in a single day: RBI The banking regulator said its NEFT system has registered a growth of 700 per cent in terms of the volume of transactions in the past ten years

Rupee appreciates 2 paise to 82.89 against US dollar in early trade The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Thursday, tracking a weak American currency and a downward trend in the crude oil prices. The domestic unit, however, weighed down by a volatile equity market and unabated outflow of foreign funds, forex ...

Retail inflation for industrial workers eases to 4.59% in January Retail inflation for industrial workers eased to 4.59 per cent in January compared to 4.91 per cent in December 2023 mainly due to lower prices of certain food items. Food inflation stood at 7.66 per cent in January 2024 against 8.18 per cent in December 2023. Food inflation was 5.69 ...