4:10 PM
Blogger
AU Small Finance Bank has partnered with United India Insurance Company to provide general insurance solutions such as motor, personal accident, crop, property, shopkeeper, and cyber incident insurance to its customers. This strategic alliance utilizes UIIC's extensive network in over 1,000 tier 2 and tier 3 locations.
12:10 PM
Blogger
The Reserve Bank of India has imposed fines on three housing firms for non-compliance with financial regulations. Godrej Housing, Aadhar Housing Finance Ltd, and Housing and Urban Development Corporation Limited were penalized for issues such as improper risk categorization, absence of independent valuation reports, and charging unfair interest rates. These penalties emphasize the need for strict regulatory adherence.
11:10 AM
Blogger
The Asian Development Bank has set a target to allocate half of its annual lending to climate finance by 2030, increasing from the current 35%. The goal is a $100 billion contribution between 2019 and 2030. Additionally, the bank aims to boost private sector capital mobilization and address major development challenges in Asia.
11:10 AM
Blogger
JPMorgan Chase & Co has shifted its stance on Chinese stocks from overweight to neutral, driven by concerns over potential US election volatility and China's economic issues. The bank advises investors to consider reallocating funds to other emerging markets like India, Mexico, and Brazil. This move follows similar downgrades by UBS Global and Nomura Holdings Inc.
8:11 PM
Blogger
Fixed deposits (FDs) let individuals invest a specific amount for a chosen tenure, with top banks offering competitive one-year FD rates. Investors looking to generate additional income through fixed deposits have a wide range of options available.
5:10 PM
Blogger
Taxpayers who filed their ITR for FY 2023-24, and paid more taxes than owed will receive refunds after processing by the Income Tax Department. Refunds are deposited directly into the taxpayer's bank account. Taxpayers can track their refund status on the new income tax portal or NSDL website.
8:10 AM
Blogger
8:10 PM
Blogger
India's global trade share has not kept pace with its economic growth, losing out to Bangladesh and Vietnam in low-cost manufacturing exports. The World Bank advises lowering trade costs and revising trade pacts to boost exports. Prime Minister Modi aims to transform India into a manufacturing hub as businesses diversify from China.
3:10 PM
Blogger
Goldman Sachs anticipates gold prices reaching $2,700 by early 2025. The bank predicts weaker trends in oil, gas, and industrial metals like copper and aluminum, citing reduced demand and increased supply from key markets, particularly China.
1:10 PM
Blogger
The World Bank has raised its forecast for India's economic growth this fiscal year to 7%, up from 6.6%. India continues to lead as the fastest-growing major economy.
9:10 AM
Blogger
6:10 PM
Blogger
Bank lockers are a secure option for storing valuables like jewellery and documents. To access a locker, select a bank near you with good service and an account requirement. It is important to note that banks are not liable for contents of the locker.
2:10 PM
Blogger
During September 2024, banks in various states will observe 15 days of holidays, including Ganesh Chaturthi, Milad-un-Nabi, and the Birthday of Maharaja Hari Singh Ji.
10:10 PM
Blogger
Senior citizens near retirement can choose from various investment options to secure steady income. These include the Senior Citizens Savings Scheme, Post Office Monthly Income Scheme, Pradhan Mantri Vaya Vandana Yojana, Fixed Deposits, and RBI Floating Rate Savings Bonds.
6:10 PM
Blogger
India's foreign exchange reserves reached a record high of USD 681.688 billion, increasing by USD 7.023 billion in the week ending August 23, as reported by the Reserve Bank of India. This substantial buffer protects domestic economic activities against global shocks and can cover approximately one year of projected imports.
RSS Feed
Twitter
