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India’s economic growth prospects have brightened, says Fitch Ratings Global ratings agency Fitch reiterated its BBB- rating with a stable outlook on India’s long-term sovereign debt, saying that growth prospects have brightened as the private sector appears poised for stronger investment growth. This is on the back of improvement in corporate and bank balance sheets in the past few ...

credit card payments: Can’t manage your credit card payments? Seek help before it’s too late [ad_1] Arnav Pandya, Founder, Moneyeduschool, says a lot of credit card expenses are on the spot or on the spur of the moment expenses where people do not even think about it when they are making the spend. The credit card is like a convenience, ...

IPL | IPL flavoured Portfolio: IPL-flavoured portfolio: Smallcase manager Divam Sharma reveals his playing XI stocks [ad_1] With the IPL season in full swing, investors can’t help but draw analogies with cricket and Dalal Street. As part of a special series, we reached out to money managers to know how they pick their pinch hitters, whether they like specialists or ...

rbi: RBI imposes over Rs 1.73-cr fine on HSBC for wrong credit card data [ad_1] The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules). This action is based on the deficiencies in ...

Pension scheme returns ‘exceedingly good’ versus benchmarks: PFRDA By Ira Dugal and Aftab Ahmed India’s national pension scheme offers “exceedingly good” returns of 9-12%, compared to most benchmarks, a top official at the pension fund regulator said on Tuesday. The National Pension Scheme, adopted in 2004, has recently come under criticism for inadequate returns, leading to a few state ...

Reserve Bank of India imposes penalty worth Rs 1.75 crore on HSBC RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 ...

FSDC pitches for a special drive to settle unclaimed deposits in banks High-powered Financial Stability and Development Council (FSDC) headed by Finance Minister Nirmala Sitharaman on Monday asked the regulators to initiate a special drive to settle unclaimed deposits in banks and financial institutions. Briefing reporters about the discussions in the meeting, Economic Affairs Secretary Ajay Seth it was ...

At record 795 tonnes, RBI's gold reserves see sharp on-year spike Share of foreign currency assets in overseas securities rises to 81% by March

FSDC discusses need for more early warning indicators for economy Amid the continuing liquidity crisis in banks of the West, the Financial Stability and Development Council (FSDC) on Monday discussed the need for more early stress indicators in India’s financial sector to enable regulators to identify potential signs of trouble and deal with them in advance. “Regulators should maintain ...

Banking system sheltered from wider sector turmoil seen globally: FSDC NEW DELHI (Reuters) – India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be protected from any spillover from issues in the sector globally, the country’s economic affairs secretary said on Monday. Ajay Seth was speaking with reporters after the meeting of FSDC, which ...