A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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According to a World Bank report, it may take India around 75 years to reach one-fourth of the US per capita income. More than 100 nations, including Brazil and South Africa, face hurdles in achieving high-income status. The report urged these countries to change outdated strategies to address demographic, economic, and geopolitical challenges.
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Currently, banks allow one nominee for savings bank and fixed deposits, which is proposed to be raised.
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A two-day drop in SoftBank Group Corp. shares has resulted in a $2.5 billion loss for its founder, Masayoshi Son, following an unexpected interest-rate hike by the Bank of Japan. The company's shares fell 6.7% in morning trading in Tokyo, marking a roughly 13% decline over two days. Despite this setback, Son's fortune remains up by about $3 billion from the $11.3 billion he started with at the beginning of the year, according to the Bloomberg Billionaires Index.
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7:10 AM
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Bank credit to non-banking finance companies saw a significant decrease to 8.5% year-on-year growth by June 2024, compared to 16% in May. However, credit card and gold jewellery loans continued to grow strongly. Personal loans remained the biggest driver with 25% growth, with home loans particularly robust. Credit to services and commercial real estate also grew significantly.
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