For most parents, paying for their children's education overseas is an expensive endeavor. Parents now need to save a lot more money for their child's overseas education because of the Indian rupee's recent six-month fall versus the US dollar. The cost of a four-year view more...
On March 12, the international ratings firm Moody's Ratings stated that it had a "stable" prognosis for India's banking system, "backed by sound economic growth and strong bank fundamentals." We see a stable prognosis for the financial system in India. With the suppor view more...
After the derivatives knock chopped off approximately Rs 18,000 crore worth of market capitalization on March 11, Ashok Hinduja, the promoter of IndusInd Bank, informed the media that the lender's finances are still sound and that it will be fully backed should any capi view more...
Following varied brokerage opinions, including multiple downgrades and target price decreases, IndusInd Bank's shares saw a minor recovery after plunging over 6% in early trading on March 10 to reach a new 52-week low. The stock is currently the biggest loser on the Se view more...
The CEO of IDFC FIRST Bank, V Vaidyanathan, stated that increasing digitalization can make "wealth management more accessible" to all segments of society and that it is "super important" to increase middle-class savings. The banker added that as India is expected to gr view more...
According to Reserve Bank of India (RBI) data, the banking system's liquidity deficit decreased significantly from Rs 1.1 lakh crore on March 3 to Rs 20,416.70 crore on March 4. Experts attribute this to inflows from USD/INR Buy/Sell swap auctions, for which the first l view more...
KV Kamath, a seasoned banker and the chairman of Jio Financial Services, urged businesses to use technology on March 4 because without it, they will cease to exist. "Technology prices are plummeting. I'll give you a metric that I believe we should consider when evalu view more...
How the Reserve Bank of India would operate as an organization following Shaktikanta Das's tenure was a matter of some doubt. Are bankers worried about whether the incoming governor, Sanjay Malhotra, will be personable, open to industry input, and focused on growth? Wh view more...
According to February policy minutes, the Reserve Bank of India's (RBI) monetary policy committee (MPC) members stated that the central bank had the right to lower interest rates because of worries about the country's economic expansion and slowing inflation trajectory. view more...
Central banking can be a dull operation on a good day. Forecasts and borrowing rates are slightly shifted, but ideally not at all. Regretfully, the negative moments become symbolic and seductive. This week's reminder that there isn't always a crisis came from a wide ran view more...
The LIC Smart Pension Plan is a non-participating, non-linked, individual/group savings and instant annuity plan that was developed by the Life Insurance Corporation of India (LIC). A press statement states that the initiative's goal is to provide various retirement op view more...
This month, the Reserve Bank of India's monetary policy committee unanimously decided to lower interest rates. This was in contrast to the rate review in December, which voted 4-2 to maintain rates on hold. The hitherto held hawkish tilt softened as a result of the MPC' view more...
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