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RBI circular permits resident entities to hedge gold price risks at IFSC The Reserve Bank on Monday permitted resident entities to hedge their exposure to price risk of gold on exchanges in the International Financial Services Centre (IFSC). Resident entities in India are currently not permitted to hedge their exposure to price risk of gold in overseas ...

RBI imposes penalty on 13 cooperative banks for breaching regulatory norms The Reserve Bank of India on Monday announced penalties on 13 cooperative banks for contravention of various regulatory norms. The penalties range between Rs 50,000 and Rs 4 lakh. The maximum penalty of Rs 4 lakh has been imposed on Shri Kanyaka Nagari Sahakari Bank, ...

In a first: Bajaj Allianz set to launch surety bonds on December 19 At least three insurance companies are looking to launch a surety insurance product, of which Bajaj Allianz General is set to be the first company to launch the product on December 19. This will make it the first general insurance company to launch the ...

4 MS Excel functions you can use to manage your personal finances [ad_1] Excel spreadsheets simplify personal finance management by making number crunching easy. [ad_2]

UTI Mid cap mutual fund review: Needs to plug gap with index [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 FACTSDATE OF LAUNCH 4 JUL 2004 CATEGORY EQUITY TYPE MID CAP AUM* Rs.7,348 crore BENCHMARK ...

Govt not to make RBI report on MPC’s first-ever inflation failure public The government will not make the Reserve Bank of India’s report on failure to achieve its inflation mandate public, Pankaj Chaudhary, minister of state in the finance ministry said in Parliament on Monday. “RBI has furnished a report to the central government, as mandated under ...

GSPL Stock: 4 reasons Gujarat State Petronet is this week’s stock pick [ad_1] Natural gas transmission company Gujarat State Petronet (GSPL) reported above estimate EBITDA/PAT of Rs.334 crore/Rs.314 crore in the second quarter. The performance was supported by a strong blended transmission tariff, lower tax rate and higher other income. However, gas transmission volume declined by 35% y-o-y due to ...

Digital lending apps: RBI received 13,000 complaints against banks, NBFCs The Reserve Bank of India (RBI) has received about 13,000 complaints against banks and non-banking finance companies (NBFCs) about their digital lending applications and harassment by recovery agents. The grievances were filed under the banking regulator’s integrated ombudsman scheme of 2021 during the past 19 months (April 2021-November 2022), ...

Nithin Kamath to Rachana Ranade to Dhruv Rathee: 10 ordinary people who have redefined financial success [ad_1] By Team ET Wealth It may be a sign of the times that success has come to be measured solely by one’s ability to create wealth. Still, it’s a triumph of our times that anyone with ability can do so. Take Nykaa’s Falguni ...

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters The rupee started the fresh week on a poor note, shedding 26 paise against the dollar, as a stronger-than-expected US data set stoked fears of the Federal Reserve continuing with an aggressive pace of rate hikes, dealers said. The domestic currency settled ...