SBI economists expect RBI to hit pause button on interest rate hike Economists at SBI on Monday said they expect the Reserve Bank of India (RBI) to hit the pause button on interest rate hike at its upcoming monetary policy review this week. The central bank’s Monetary Policy Committee (MPC), the six-member rate setting panel, ...

How to save to fund an entrepreneurial dream [ad_1] Shivam, 42, wants to start his own business by the time he is 50. He has been saving to create a corpus that would be sufficient to take care of his family’s expenses during the time it takes for his business to stabilise. He has been reviewing his savings and investment ...

Marginal pressure on banks next fiscal, net interest margin may fall: Fitch Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the same will fall by 10 basis points to 3.45 per cent, a global rating agency said on Monday. “We ...

Time to review your personal finances: 4 things you must check [ad_1] The last quarter of a financial year is when one should take stock of their finances to ensure that they are on track with their goals and are also well-protected in line with inflation, changing nature of expenses and other dynamic factors. Investment checkMake a consolidated list of ...

No provision to refund accumulated corpus under NPS to state govt: FinMin There is no provision in the Pension Fund Regulatory and Development Authority Act, 2013 under which the accumulated New Pension Scheme (NPS) corpus can be refunded to the state governments that have reverted to the old pension scheme (OPS), the minister of state for finance ...

ABSL Flexi cap mutual fund review: Needs a sharp turnaround; should you stay invested? [ad_1] ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. BASIC FACTSDATE OF LAUNCH27 AUGUST 1998CATEGORY EQUITYTYPEFLEXI CAPAUM*Rs.16,192 CroreBENCHMARKNIFTY 500 TOTALRETURN INDEX WHAT IT ...

Muthoot Finance December quarter profit beats estimates on high gold prices BENGALURU (Reuters) – Muthoot Finance Ltd reported a third-quarter profit on Monday that beat analysts’ estimates, as higher gold prices boosted demand during the festive season. The gold financing company reported a profit of 9.02 billion rupees ($109.14 million) for the three months ended ...

Debt mutual funds get a passive makeover; will this make it compelling alternative to bank FDs? [ad_1] Industry leader in the passive debt funds space, Edelweiss AMC is giving investors a taste of another industry-first offering, an open-ended short duration index fund. While its previous innovation—target maturity funds—carved out a new category of debt funds, this offering is throwing down ...

LIC Housing Finance December quarter profit declines 37% as costs weigh BENGALURU (Reuters) – India’s LIC Housing Finance Ltd reported a 37% decline in third-quarter profit on Monday, hit by higher financing costs and as impairment charges more than doubled. The company, a unit of Life Insurance Corp of India, said net profit fell to ...

Best Fd Interest Rates: FD interest rate up to 7.25%: 5 banks offering best 1-year fixed deposit interest rate [ad_1] With a fixed deposit, you can safely save money by placing a specific sum of money in an account for a predetermined period of time at a predetermined interest rate. You will get both the capital you put down as ...