Finance News

Fintech may emerge as substitute for traditional banking: RBI's CAFRAL CAFRAL is a non-profit organisation set up by the RBI in 2011 to promote research and learning in banking and finance

Regulated entities to follow new IT framework from April 2024: RBI The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

FAQs: How much gold you can buy without PAN, Aadhaar? How to check purity? If you buy gold for more than Rs 2 lakh per transaction, regardless of the mode of payment (cash or electronic), you must disclose PAN details to the jewellers,

Fund pick: UTI Flexi Cap Fund Fund pick of UTI Flexi Cap Fund

Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2 State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest ...

DSP Mutual Fund launches Gold ETF: All you need to know The NFO opens for subscription on November 3, 2023, and closes on November 10 2023.

Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs). The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing. “The company has today (Thusrday) issued and allotted 1,50,000 rated, ...

More than 97% of Rs 2,000 note returned till October 31, says RBI The central bank reiterated that the Rs 2,000 banknotes continue to be legal tender

TVS Credit Services posts 14% rise in AUM at Rs 23,516 cr as of Sep Leading non-banking financial company TVS Credit Services Ltd has witnessed its assets under management grow by 14 per cent to Rs 23,516 crore as of September 30, 2023 the company said. The city-based company had registered an AUM of Rs 20,602 crore as of March ...

Floating rate savings bond: Is it worth it or should you stick to an FD? he interest rate of a floating rate bond is linked to a benchmark rate decided at the time of bond issuance. This interest rate is revised quarterly, half-yearly or annually as announced at the time o