- With Indian Express, now you have choice of subscription products and tenure
- Retail inflation at 8-year high of 7.79% in April
- Gyanvapi survey: Break locks if need be, submit report by May 17, says court
- Let’s not compare economies of Nepal and Sri Lanka
- Why the sedition law must go
- Grief, anger as Kashmiri Pandit govt staffer is killed by militants in valley
FM Sitharaman on RBI rate hike: Timing a surprise to many … but people thought should’ve been done anyway
“It came as a surprise because it’s between the two MPCs (Monetary Policy Committee meetings). But the US Fed had been saying it all the while,” Sitharaman said in her first reaction to the RBI rate hike.
‘Rate cycle U-turn: RBI may go for more’
The RBI action is indicative of the fact that there would be more such action taken over time depending on the evolving inflationary situation.
RBI hikes repo rate: Highlights of Monetary Policy Committee meeting
The repo rate was hiked by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months.
Full text: RBI Governor Shaktikanta Das’s surprise statement on lending rates, economy, inflation
Shaktikanta Das's statement announcing the MPC's decision follows an unscheduled meeting of the committee with all six members unanimously voting for a rate hike while maintaining the accommodative stance.
RBI raises CRR by 50 bps to 4.5% from May 21
The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel - Monetary Policy Committee (MPC).
Neobank Open 100th Indian unicorn; IIFL leads $50-mn funding
The company said on Monday in a statement that it was now valued at $1 billion making it the 100th unicorn in India.
HDFC Q4 net rises 16%, record monthly disbursements in March
Its board has recommended a dividend of Rs 30 per share for the year ended March 2022 as against Rs 23 per equity in FY21. During 2021-22, individual approvals and disbursements grew by 38 per cent and 37 per cent, respectively, compared to the previous year.
HDFC hikes rates for existing borrowers, EMIs set to go up
Interest rates are set to go up with the RBI now hinting at withdrawing the accommodative monetary policy to rein in inflation. While the RBI retained the Repo rate at 4 per cent in the last policy review, policy rates are likely to go up in the coming months.
Bank holidays in May 2022: Here is the list of holidays
Bank holidays in May 2022: Banks will be shut on these days this month.
To plug support package loopholes, Nabard plans farmer distress index
Depending on the level of distress, the government and the financial institutions can decide on an appropriate package of support instead of the current practice of doling out distress package to all the farmers across the board.
ICICI Bank launches digital ecosystem for MSMEs
ICICI Bank said that anyone can avail of the benefits of its digital solutions by simply downloading the new version of the InstaBIZ app, or at the lender’s corporate internet banking platform.
Five financial habits to become a more disciplined investor in 2022-23
It's the start of the new financial year, and there is no better time than now to rectify your mistakes and streamline your investments by adopting simple habits to make your investments disciplined.
Fixed Deposit (FD) Interest Rates 2022: Here’s what these banks are offering, check here
Best FD Interest Rates with 1-Year Tenure in 2022: Here are the fixed deposit (FD) interest rates from the top four banks in India. Read below to find out the best interest rates.
‘Near 100% festive growth in personal loans over 4 years’
Home loans witnessed 40 per cent growth in originations (value) during festive season from Rs 138,544 crore in FY19 to Rs 193,227 crore in FY22, and 21 per cent growth in originations (volume) from 6.7 lakh accounts in FY19 to 8.1 lakh accounts in FY22.
HDFC set to sell 10% in HDFC Capital
ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.
Opening current, cash credit/OD accounts: Banks’ scope widened
In the case of borrowers where aggregate exposure of the banking system is Rs 5 crore or more but less than Rs 50 crore, there is no restriction on opening of current accounts by the lending banks, the RBI said.
FM Sitharaman for regulating crypto at global level to check money laundering, terror funding
Pointing out that unless there's going to be a global approach at regulating and understanding of the technology on cryptocurrencies there is a risk of money laundering.
Poonawalla Fincorp partners with KrazyBee to enter digital consumption loans space
Poonawalla Fincorp said that this partnership is a step towards building strong partnership with partners who have demonstrated distribution at scale, risk management capabilities along with their technology prowess. It provides complete end to end digital consumer loans across the country.
HDFC Bank Q4 net up 22.8% on better asset quality, higher interest income
The bank’s net interest income (NII) — the difference between interest earned and interest expended — increased 10.2 per cent to Rs 18,872.7 crore in Q4FY22 as against Rs 17,120.2 crore, with credit growth of nearly 21 per cent and 16.8 per cent rise in deposits on-year.
Co-operative banks in Kerala reel under bad loans, NPAs crossed 38% at end of last year
By way of comparison, commercial banks including PSU banks and private sector banks reported NPAs of just 3.99 per cent of their total advances as of December 2021, the SLBC figures show.
Bank of Baroda hikes MCLR across tenors by 0.05%
The benchmark one-year tenor MLCR will rise to 7.35 per cent The bank has approved the review of marginal cost of funds based lending rate (MCLR) with effect from April 12, 2022, BoB said in a regulatory filing.
Three reasons why you should check your credit score and credit report regularly
A credit score is a three-digit number that tells the lender about your creditworthiness basis your credit history. Your creditworthiness tells the lender about your potential to take a loan and repay it.
Kotak Mahindra Bank staffer arrested over ‘cheating’ allegations
The accused has been identified as Alankar Khare, a loan officer of Kotak Mahindra Bank.
UPI spreads, but with banking access limited, friendships foster
Unified Payment Interface recently crossed $1-trillion mark in transaction values for FY22
Reverse repo out, SDF in: RBI’s new liquidity absorbing tool
The operative rate has gone up by 40 bps with the institutionalisation of the Standing Deposit Facility for the withdrawal of ultra-comfortable liquidity.
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May 13: Latest News
Mohali: Panic after men open fire in air in posh Mohali society, one booked
Dalit groom’s procession stone pelted due to ‘boycott’ on lavish weddings, say cops
Home guard volunteer discharged at 58 years, HC issues notice to Chandigarh Admin
Gujarat: AMC issues red alert for May 13 and 14
Over 6 lakh candidates register for CET this year
Atulchandra Kulkarni named new NIA ADG
Mere chargesheet or FIR not ground for impounding passport, says Bombay HC
Diversion of MGNREGA funds: Most of seized Rs 19-crore cash belong to IAS officer, CA tells ED
Father of govt staffer shot dead by militants in Budgam worried over safety of Pandits working in Kashmir
Covid vaccine coverage: Mumbai, Pune top list of districts with most people yet to take second dose