Disinflation process is likely to be slow and protracted, says RBI Governor Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow. “As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term,” ...

Gold ETFs posts Rs 103 cr inflow in May, falls by 21 cr from April Gold exchange-traded funds (ETFs), considered a safe haven during uncertain times, continue to glitter as they received a net inflow of Rs 103 crore in May. The development comes after a net inflow of Rs 124 crore witnessed in the asset class in ...

India set for $168 bn behemoth as HDFC merger to be completed by 20 July The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.  Announcement of the so ...

How to Improve your CIBIL score even after late payments Too busy to pay that credit card bill? Make sure you keep a monthly tracker of your bill date because missing out on a single credit card bill payment or loan installent,  impacts your credit score.  What is a credit score Missed as well as late payments get reflected in ...

Who gets impacted and who doesn’t Leading private sector lender, HDFC Bank has hiked benchmark marginal cost of funds-based lending rates (MCLR) by 5 basis points to 15 basis points with effect from 7 June. The lending rates have been raised from tenures starting overnight to six months, which means those who have home loans, personal and vehical loans tied ...

Flights Overbooking Compensation in india: You can get up to Rs 20,000 as refund: Here’s how If you have been denied boarding because your flight was overbooked and you have not been offered an alternate flight in the next one hour, you are eligible for a compensation of up 200% of booked one way basic fare + airline fuel charge ...

HDFC to raise Rs 10,000 cr via non-convertible debentures, tenure of 10 yrs Mortgage lender HDFC on Monday said it will raise Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis to shore up its resources. These unsecured NCDs have a tenure of 10 years, and the coupon rate will be decided on the ...

‘Nabard plans to raise at least 20 bln rupees via over 3-yr bonds’ Record use of Rs 800 cr for rural infra projects by NABARD: Punjab FM NABARD aims to raise Rs 3000-5000 cr in debut green bond issue: Report Nabard projects 25% jump in priority sector loans in Maha at Rs 6.34 trn Mamata Banerjee to launch scheme for ...

RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomings The Reserve Bank on Monday imposed a penalty of Rs 60.20 lakh on The Bihar State Co-operative Bank Limited, Patna, for a slew of shortcomings and violations. The RBI said a statutory inspection of the Patna-based bank by Nabard after FY20 had revealed that it failed ...

FLDG norms may dampen biz volume in segments with higher 5% limit: CRISIL The guidelines by the Reserve Bank of India (RBI) on first loss default guarantee (FLDG) in digital lending, tightening the extent and form of FLDG cover, including limiting it to 5 per cent of loan portfolio, may dampen business volume in segments where these are currently higher ...