Monetary policy, rate transmission are asymmetric, says SBI report In comparison, the shorter tenure – 3-year AAA corporate bond has seen a 31 basis points decline in spread as the market is unlikely to have factored in adequate risk premium

Cross border payments continue to be high cost, low speed: RBI governor He further added that there are more than 70 mobile apps and more than 50 million merchants who accept UPI payments

Har Ghar Tiranga Campaign 2.0: Last date to order National Flag on e-Post Office portal [ad_1] The Government is organising Har Ghar Tiranga campaign between 13 to 15 August. According to the India post website, “Online sale/distribution of National Flag on e-Postoffice Portal will stop at 11:59 P.M on 12th August 2023.” After August 12, one will not be able ...

IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions [ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI’s circular is a big step towards protecting the interests of existing policyholders. According to the Irdai circular dated September 1, ...

2 in 5 Indians yet to start retirement planning, 61% worry savings will deplete in 10 years: Survey [ad_1] The overall retirement preparedness has improved since last year, with the index rising from 44 to 47. ET Wealth analyses the third edition of the Max Life Insurance survey. Source: India Retirement Index Study 3.0. The survey was conducted by Max ...

Punjab & Sind Bank plans to raise Rs 250 crore via QIP in third quarter State-owned Punjab & Sind Bank plans to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal. “The bank has got approvals for capital raising of Rs 250 crore via Qualified Institutional Placement (QIP) in the next ...

Financial Freedom: Eight steps you can take this Independence Day to achieve financial freedom [ad_1] Everybody speaks about financial freedom nowadays, but is it possible to achieve it? To find it out, you first have to understand what it is. In its truest sense, financial independence is all about reaching a stage where you have enough money to take care ...

Is it a bank holiday today in Maharashtra for Parsi New Year? [ad_1] Banks are closed in Maharashtra on August 16 on the occasion of Parsi New Year (Shahenshahi), according to the RBI bank holiday list. The Indian forex and money markets are also closed. Money market trading will resume on Thursday, August 17.In Maharashtra, banks will work only for ...

Dependence on cheap Russian crude oil will fall sharply: Hardeep Puri India’s consumption of Russian crude has soared since President Vladimir Putin’s invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots

Deposit Boom With ₹2,000 Notes May Not Last: Bankers [ad_1] (This story originally appeared in on Aug 16, 2023) MUMBAI: Currency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2 lakh crore as on July 28 from Rs 33.7 lakh crore on May 19. The decline has been due to RBI’s move to withdraw Rs ...