NCR’s Golf Course Road sees 42% price hike “The investors are back, and DLF knows how to ace this game,” says 35-year-old Kapil, a property dealer in Gurugram. Earlier this year, real estate major DLF made headlines when it managed to sell out all 1,137 units — priced at Rs 7 crore and above — for over Rs 8,000 ...

RBI asks banking supervisors to get abridged with latest tech tools The Reserve Bank has called upon banking supervisors to get abridged with the latest technological tools so that their capabilities are enhanced enough to meet the challenges of the fast-evolving financial technologies. As banks adopt new technologies, it is essential for supervisors to be equipped with the ...

Credit cards in force touch new high in April even as rollovers decline Credit cards are no longer an urban preserve. Credit cards in force (CIF) reached a record high in April this calendar year, with 86.5 million cards in circulation, as banks permeated tier II, III, and IV centres. “Industry CIF increased by 1.2 million in April to ...

NabFID seeks to raise about $1 billion from multilateral institutions National Bank for Financing Infrastructure and Development (NaBFID) on Thursday said it was looking to raise about $1 billion from multilateral institutions to reduce overall cost of funds and diversify funding sources. The state-owned company’s debut 10-year non-convertible debenture offering received bids of Rs 23,629 crore, almost 2.4 times ...

EXIM Bank plans to step up funding to Indian firms eyeing African markets By Manoj Kumar NEW DELHI (Reuters) – India’s Export-Import Bank plans to step up investments under a government-supported line of credit programme to finance Indian companies looking to access fast-growing African markets, the bank’s top official said, part of a move to expand trade ties. ...

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut US Federal Reserve Chair Jerome Powell had a direct message this week: rate cuts could be a “couple years out.” It’s probably giving India’s policymakers something to pause about.   Economists tracking India aren’t altering their forecasts for a rate cut as yet, which they ...

Binance launches AMP Summer Internship to develop talent in blockchain tech Allegations made by Binance ‘false and unsubstantiated’, says WazirX Crypto wrap: Market trading flat amid regulatory crackdown on Binance Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance Ahead of searing summer, analysts bet on consumer appliance stocks Web Werks to invest Rs 1,400 crore ...

Savings account holders can earn FD like interest up to 7% with Kotak Mahindra Bank; Check details [ad_1] Kotak Mahindra Bank has announced the launch of its ActivMoney feature, which provides users with FD-like interest rates of up to 7% per annum, according a press release by the bank. In order to help customers achieve a higher interest rate on ...

A snapshot of term insurance plans with 2 riders offered by various firms 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Composite insurance licence regime may trigger M&A activity: HDFC Life CFO LIC may look at composite licence post amendment in Insurance Laws Proposed changes to insurance laws may cause health claim disputes: Unions New ...

In a first, Bajaj Housing Fin offers extended home loans: Should you opt? Bajaj Housing Finance has extended the maximum tenor on its home loans to 40 years from 30 years now for salaried applicants. The tenor extension offer is only for new buyers. This comes a few days after the Reserve Bank of India (RBI) kept interest rates steady ...