Kotak Mahindra Bank arm to raise up to $1 billion for data centres A Kotak Mahindra Bank arm plans to raise up to Rs 1 billion to invest in its data centre business. Kotak Alternate Assets, a division of Kotak Investment Advisors (KIAL), on Friday announced the appointment of Subhamkar Das as the chief operating officer for ...

MF portfolio doctor: Gupta needs to shift out of stocks to purchase house [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective ...

Max Life partners with Tamilnad Mercantile Bank to offer life insurance Max Life Insurance Company and Tamilnad Mercantile Bank have collaborated to offer the former’s life insurance products to the bank’s customers. Through this partnership, Max Life and TMB aim to financially secure the lives of TMB’s customers across 500 bank branches by offering a comprehensive suite ...

Electric Vehicle: Should you rent an electric vehicle (EV) before buying one? Here is a cost comparison [ad_1] Shubham, a 22-year-old Delhi-based delivery executive who works with BigBasket, first forayed into electric vehicles (EVs) three years ago, when he rented an electric bike from Zypp. Travelling on his regular bike was burning a hole in his pocket. “Out of Rs.1,000 ...

Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction The growth of low-cost deposits – current accounts and savings accounts – slowed down sharply year-on-year in September 2022, due to the impact of liquidity conditions and interest rate hikes. The growth of money kept in current accounts held with banks moderated to 8.8 ...

ABSL Equity Advantage mutual fund review: Needs to catch up with peers [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 FACTS DATE OF LAUNCH 24 FEB 1995 CATEGORY EQUITY TYPE LARGE & MIDCAP AUM* Rs.5,458 ...

Bank credit grows at 17.2% from 7% in September quarter, says RBI data Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. “Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth,” the Reserve Bank ...

10 banks offering lowest home loan interest rates [ad_1] With an aim to tackle inflation, the Reserve Bank of India has been increasing the repo rate since May 2022. Following the same, banks are also passing the rate hike to borrowers. In accordance with the current interest rates, the lender may review the interest rate and reset it after a ...

Irdai endorses committee's view to lower obligatory cession to zero The obligatory cession was reduced from 5 per cent to 4 per cent in FY23. The regulator has been reducing the obligatory cession over time

Burden of divorce expenses for a woman [ad_1] Burden of divorce expenses for a woman Divorce is very stressful for either party and involves some of the most critical things in a person’s life, including finances and children. In this video, Saurav Kumar from ET Online & Meghna Mishra, Partner, Karanjawala & Co., discuss how a woman can minimise expenses ...