RBI interventions, corporate flows pull rupee back from new low against USD After plunging to a new low against the dollar in early hours of trade on Monday, the rupee staged a smart recovery owing to intervention by the Reserve Bank of India (RBI) and dollar sales by banks on behalf of corporate entities, said dealers. The ...

ITC Share Price: ITC shares have surged 53% this year, but only a handful of equity mutual funds have benefited from the upswing [ad_1] After years of lying comatose, shares of cigarettes-to-hotelsto-FMCG conglomerate ITC have enjoyed a renaissance at the bourses. Skeptics watched in surprise as the stock emerged as the biggest winner among Nifty 50 stocks from January to ...

SBI revamps call centre, to offer 30 banking solutions in 12 languages State Bank of India has revamped its customer call centres by unveiling a new contact centre which will offer over 30 banking solutions in 12 languages and will be available round the clock. Currently, the Contact Centre manages 1.5 crore monthly calls, with 40 per ...

4 reasons IndiGo is this week’s stock pick [ad_1] Helped by the resumption of international air travel, easing of flight capacity restrictions and strong passenger yield, low-cost airline company InterGlobe Aviation (IndiGo) reported strong revenue growth of 328% y-o-y and 60% q-o-q in the first quarter of 2022-23. It also managed to narrow its net loss in both periods. Though ...

RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank Reserve Bank of India (RBI) on Monday cancelled the license of Pune based Seva Vikas Co-operative Bank as the urban cooperative bank lacked adequate capital and earning prospects. The bank ceases to carry on banking business, with effect from the close of business on October 10, 2022, RBI said in ...

4 NBFC stocks with up to 37% upside potential [ad_1] After three years of single-digit growth, the NBFC sector is expected to see strong traction in 2022-23. This will be enabled by strong disbursements across product segments, rising consumer spending, growth in the automobiles sector and decent economic growth. According to a recent Crisil report, the AUM of NBFCs will ...

Ratings devoid of lenders detail should be treated as unrated exposure: RBI In a move that may put pressure on the capital adequacy of banks, the Reserve Bank of India (RBI) on Monday said loan ratings without information about lenders’ details should be treated as unrated exposure. Capital should be set aside using risk weightings applicable for ...

Money musts during divorce: Woman must keep her interests in forefront when negotiating settlement [ad_1] A dear friend, whom we shall name Mona, sought to divorce her husband of 27 years. She had recognised their incompatibility early on, but persisted in the marriage in the interest of her children. Now that both children were educated and employed, emboldened by what ...

AU Small Finance Bank re-appoints R V Verma as non-executive chairman AU Small Finance Bank on Monday re-appointed former head of National Housing Bank (NHB) R V Verma as its non-executive chairman. The decision was taken at its board meeting held on Monday, AU Small Finance Bank said in a regulatory filing. The board approved the ...

How to estimate expenses after retirement [ad_1] Binaifer, 30, is an independent interior designer who has done well with planning and saving for many of her goals. But when it comes to retirement planning, she is intimidated by the idea of trying to estimate her financial needs nearly three decades into the future. Binaifer wants to avoid the error of ...