Millennials, Gen Z driving luxury spending in India, says Amex India chief Sanjay Khanna

Demand for luxury goods and services has been growing in Tier-2,3 cities, says CEO and Country Manager of Amex India

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SBI’s customer service points to touch 1 lakh by March 31, 2024

SBI said it is poised to improve the entire FI ecosystem by extending doorstep banking via handheld devices and introducing IRIS scan utility

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Financials, consumer stocks drag sensex, Nifty to third weekly loss

Indian shares fell for the third consecutive week, with financials and consumer stocks leading the losses. The Nifty 50 index ended 0.59% lower at 19,428.30, while the S&P BSE Sensex dropped by 0.56% to 65,322.65. The RBI's decision to increase the cash reserve ratio (CRR) for banks continued to influence financial stocks, which fell by 0.87%.

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BoB, Canara, BoM hike lending rates by up to 10 bps

This move will increase EMIs tied to MCLR, affecting consumer loans

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What is ICRR, and its impact on liquidity

The ICRR is expected to suck out between ₹20,000 crore and ₹40,000 crore from the system

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