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National Pension Scheme to add 1.3 million new subscribers in FY24 To roll out systematic withdrawal plan in October

Punjab National Bank infuses Rs 72.83 crore in its Bhutan subsidiary State-owned Punjab National Bank on Friday said it has infused Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue. The investment in Rights Issue has been made on July 7, 2023 through participation in the issue of Druk PNB Bank Ltd (DPNBL), PNB ...

Rupee hits six-week low against US dollar, loses 1% against greenback Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve

Fund pick: HDFC Corporate Bond Fund Fund pick of HDFC Corporate Bond Fund

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI India’s foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by USD 2.901 billion to USD 593.198 billion in the previous reporting week. In October 2021, ...

K'taka to spend Rs 52k cr annually on 5 key promises, to benefit 13 mn Seeking to highlight the Congress party’s poll promises, Karnataka Chief Minister Siddaramaiah on Friday said approximately Rs 52,000 crore would be spent annually for the five key poll ‘guarantees’ and it is expected to benefit 1.3 crore families. Presenting the 2023-2024 budget, with an outlay ...

RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud

Karnataka CM Siddaramaiah set to present State Budget today at 12 noon Chief Minister Siddaramaiah has arrived at Vidhana Soudha in Bengaluru to present the state budget

India’s campaign to internationalise rupee gets off to a slow start By Subhadip Sircar and Anup Roy India’s year-old campaign to boost the rupee’s role in cross-border payments has made little headway, according to people familiar with the matter, underscoring the challenges for countries trying to reduce their dependence on the dollar.   The Reserve Bank of India has ...

Why Indians stay away from health insurance Affordability and inability to understand complexities are the two biggest hurdles preventing many Indians from buying health and life insurance policies, according to a recent study by Policybazaar. The study, titled ‘How India Buys Insurance’, reveals that high premiums are preventing individuals from obtaining insurance cover, or in some cases, adequate insurance ...