Blog

Household Income: How to optimise additional income for household [ad_1] Radhika is 40. She has recently returned to work as a consultant after being a stay-at-home mother while her children were growing up. Her husband is a senior executive and the household had been running on his income so far. Radhika and her husband are excited about the extra money ...

Capital needed for banking licence may be doubled if RBI accepts recommendations To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for getting a banking licence. The P.K. Mohanty headed working committee ...

Zomato Stock: Zomato’s growth prospects intact: 5 reasons why it is this week’s stock pick [ad_1] Helped by decent growth in gross order value (GOV) and revenue per order, Zomato reported strong revenue growth of 14.8% q-o-q (42.7% y-o-y) in the food delivery segment in the first quarter of 2022-23. The company’s overall revenue (food delivery, B2B supplies, and others) ...

World No. 1! RBI Twitter handle is the most popular of them all – globally The Reserve Bank of India’s (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: “RBI Twitter account reaches one million followers today. A new ...

mutual fund: How to set up a mutual fund systematic transfer plan [ad_1] Allocation to asset classes depends upon life stage, goals and risk appetite. Mutual funds allow increase in allocation to an asset class using the systematic transfer plan (STP). This way, investors can transfer investments from one scheme to another. Possibilities Asset allocation can be achieved using STP ...

Major bank union oppose banking licences to industrial houses The Indian banking sector`s largest union, the All India Bank Employees` Association (AIBEA), on Tuesday opposed the recommendations made by the Reserve Bank of India`s (RBI) Internal Working Group as they are “retrograde” and would endanger people`s money.           “We strongly denounce the provocative recommendations of the ...

August Bank holiday 2022: Bank long holiday weekend August 2022: Banks to remain closed on these dates this week [ad_1] This week banks will be closed on many days due to numerous festivals and important days that will be observed in the second week of August. In India, a list of bank holidays has been provided by the Reserve Bank ...

Protection of Lakshmi Vilas Bank could be done without compromising national interests: Swadeshi Jagran Manch Swadeshi Jagran Manch has written to Shaktikanta Das Governor Reserve Bank of India, saying protection of the beleaguered Lakshmi Vilas Bank could be done without compromising national interests. The letter from Swadeshi Jagran Manch read, “This refers to the news published in various Media that ...

fd interest rates: This NBFC hikes FD interest rates by up to 50 bps; now 8.75% for this tenure [ad_1] (STFC), a part of the Shriram Group, has announced a hike in fixed deposit rates by 25 to 50 basis points (0.25%p.a. to 0.50%p.a.) across different tenures. Now, customers can earn interest up to 8.75% on FDs, effective from Aug ...

Lakshmi Vilas Bank moratorium ends on Nov 26; good news for account holders, cap on cash withdrawals ends Nov 27 Lakshmi Vilas Bank (LVB) moratorium period will come to an end on Thursday and normal banking operations would commence thereafter, RBI-appointed administrator T.N. Manoharan said. That means cap on cash withdrawals for bank account holders goes too. “The moratorium period ends ...