Blog

NEFT records a high of 41 million transactions in a single day: RBI The banking regulator said its NEFT system has registered a growth of 700 per cent in terms of the volume of transactions in the past ten years

Rupee appreciates 2 paise to 82.89 against US dollar in early trade The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Thursday, tracking a weak American currency and a downward trend in the crude oil prices. The domestic unit, however, weighed down by a volatile equity market and unabated outflow of foreign funds, forex ...

Retail inflation for industrial workers eases to 4.59% in January Retail inflation for industrial workers eased to 4.59 per cent in January compared to 4.91 per cent in December 2023 mainly due to lower prices of certain food items. Food inflation stood at 7.66 per cent in January 2024 against 8.18 per cent in December 2023. Food inflation was 5.69 ...

REC to issue deep-discount bonds to raise Rs 5,000 crore in March The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely to see strong investor demand, the sources said

Fund review: SBI Bluechip fund Fund review: SBI Bluechip fund

ICICI Bank branch manager forged signatures, siphoned off ‘Rs 11.95 crore’ by transfer and cash, alleges the customer; case in EOW’s net [ad_1] The branch manager of an ICICI Bank branch has admitted having committed fraud by forging the signature of an NRI customer. In a complaint letter dated January 6, 2024, to Vikas Puri Police Station in Delhi, ICICI ...

Tax season 2024: How to make the most of your ELSS investment An ELSS fund is an equity-oriented scheme with a mandatory lock-in period of three years. In recent years, many taxpayers have turned to ELSS schemes to avail of tax benefits.

MobiKwik' Pocket UPI' to allow wallet payments without linking to bank This latest feature is aimed at creating more security and flexibility during transactions by mitigating risks associated with direct bank transfers

Borrowing cost for states decline for third week in a row to 7.44% The borrowing cost for states continued to fall for the third week in a row, with the weighted average price falling to 7.44 per cent in the debt auction on Tuesday. The cost had remained at a two-year high throughout January sniffing at 7.8 per cent. However, ...

Unsecured loan growth remains strong despite hike in risk weights Recently, the RBI reiterated its concern on the elevated unsecured lending portfolio of banks in its Bulletin