FDs, small savings schemes, debt MFs, RBI bonds: How investors can make the most of rising interest rates [ad_1] Even though inflation has pushed up their monthly expenses, some investors have reasons to smile. The hike in repo rates has forced banks and NBFCs to raise their deposit rates. Five-year fixed deposits in some banks now offer 7-7.5% interest, up ...

SBI Focused Equity mutual fund review: Promise of healthy track record [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 10 NOVEMBER 2004 CATEGORY EQUITY TYPE FLEXI CAP AUM* Rs.26,218 Crore BENCHMARK ...

5 reasons Blue Star is this week’s stock pick [ad_1] Helped by strong operational performance, higher other income and lower tax, air-conditioning and commercial refrigeration company Blue Star reported robust numbers in the first quarter of 2022-23. The revenue grew 87.3% y-o-y to Rs.1,970.3 crore whereas EBITDA and PAT jumped over 2.9 times and 5.2 times y-o-y to Rs.123.3 crore ...

Extraordinary leader, partner and a friend: Tributes to Anshu Jain Tributes from global industry professionals and policymakers alike from Wall Street and beyond poured in for Anshu Jain, the India-born Cantor Fitzgerald president and former co-chief executive officer of Deutsche Bank AG, whose death at the age of 59 after a five-year battle with cancer was announced Saturday. ...

Bank of India expects 10-12% growth in advances in current fiscal State-owned Bank of India expects advances to grow by 10-12 per cent in the current fiscal year with corporate loans yet to pick-up, top official said in an analysts call. The bank’s year-to-date (YTD) loan growth stood at about 5 per cent mainly driven by Retail ...

Anshu Jain, former Deutsche Bank chief in trading heyday, dies at 59 Anshu Jain, Cantor Fitzgerald’s president who was known for his time leading Deutsche Bank traders into the lender’s investment banking heights, died five years after being diagnosed with duodenal cancer. He was 59. “We are deeply saddened that our beloved husband, son, and father, Anshu ...

digital loans: Borrowers must be allowed to exit digital loans sans penalty in initial look-up period: RBI [ad_1] The Reserve Bank of India (RBI) recently issued regulatory framework to ensure orderly growth of credit delivery through digital lending entities. The framework was firmed up based on the inputs received from the working group on “Digital Lending including Lending through Online ...

SBI FD interest rate: SBI hikes FD interest rates by up to 15 bps for these tenures [ad_1] The State Bank of India (SBI) has increased the interest rates on select fixed deposit (FD) tenures by up to 15 bps. According to the bank’s website, the increased rates are effective from August 13, 2022, and are applicable for FDs worth ...

Taxman disallows Rs 4.5L TDS, irks ITAT [ad_1] (This story originally appeared in on Aug 13, 2022) Mumbai: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has come down heavily on the I-T department for its failure to take cognisance of a tax deducted at source (TDS). The TDS was on professional income earned by a taxpayer and, ...

Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5 India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending July 29 after falling ...