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Banking

Higher Home Loan Rates Of Banks Hurt Affordable Housing, Finds SBI Study

The hike in bank home loan rates in line with the Reserve Bank of India’s (RBI) repo rate increase has made houses in the Rs 30 lakh segment unaffordable for most buyers

28 March 2023

ITR Filing: Here’s What You Should Do If You Find Errors In Your Annual Information Statement

If a taxpayer identifies errors in the financial transactions stated on his/her annual information statement (AIS), he/she can raise the issue with the income tax department, who will then contact the relevant source after...

27 March 2023

ICICI Lombard

Now Go 'Anywhere Cashless' With ICICI Lombard's New Hospital Offer

The feature provides a hassle-free experience through all aspects of the hospitalization -- from admission to discharge

24 March 2023

Silicon Valley Bank Sold! First Citizens and FDIC

Silicon Valley Bank Sold To First Citizens Amid Banking Crisis

BREAKING: Silicon Valley Bank (SVB) has been sold to First Citizens after FDIC went into an agreement with First Citizens Bank & Trust Company

27 March 2023

These Banks Provide Free Accident, Life, And Baggage Loss Insurance With Debit Cards

A number of banks offer free insurance coverage with their debit cards, including those on accident, life, baggage loss as well as purchases. Here’s how to activate the insurance covers

25 March 2023

4 Financial Benefits Of Traveling During The Off-season For Senior Citizens

Travelling during the off-season can have multiple benefits, including discounts on hotel accommodations, often up to 50-60 per cent, and cheaper flights. Seniors can also avoid long lines at tourist attractions

24 March 2023

Silicon Valley Bank

First Citizens In Advance Talks To Buy Collapsed Silicon Valley Bank: Report

SV Crisis: First Citizens could finalise a deal soon to acquire the troubled Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC)

27 March 2023

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HDFC Life Launches Smart Pension Plus With Guaranteed Regular Income: Know Features

HDFC Life Smart Pension Plus offers guaranteed regular income with various return and payment options for individual and joint policies

23 March 2023

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23 March 2023
Amid Global Banking Crisis, FM Nirmala Sitharaman Calls Meeting Of State-Owned Lenders: Report

Amid Global Banking Crisis, FM Nirmala Sitharaman Calls Meeting Of State-Owned Lenders: Report

Owing to the global banking crisis, the finance minister will reportedly also assess the performance of public sector banks (PSBs) besides their capital...


23 March 2023
Why Does Gold Do Well Amid Market Turmoil?

Why Does Gold Do Well Amid Market Turmoil?

When the markets are volatile, investors look for a safe haven and invest in gold, thus, driving up gold prices.


23 March 2023
Fed Rate Hike: US Federal Reserve Raises Key Interest Rate Amid Banking Crisis

Fed Rate Hike: US Federal Reserve Raises Key Interest Rate Amid Banking Crisis

Fed rate hike: With this increase, the US Federal Reserve has increased its funds target rate to a range of 4.75-5 per cent, a level that was seen prior to the...


22 March 2023
RBI Says Inflation ‘Sticky’, Does It Indicate Another Repo Rate Hike?

RBI Says Inflation ‘Sticky’, Does It Indicate Another Repo Rate Hike?

The Reserve Bank of India (RBI) noted in a report that while retail inflation has moderated, it is still high, raising speculation that it may continue its...


22 March 2023
Swiss Government Suspends Bonus Payouts To Credit Suisse Staffers

Swiss Government Suspends Bonus Payouts To Credit Suisse Staffers

The Swiss Department of Finance says federal law allows the government to set “remuneration-related measures” in cases involving Switzerland's biggest banks


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22 March 2023
Bank Holidays: RBI Directs Banks To Keep Branches Open Till March 31

Bank Holidays: RBI Directs Banks To Keep Branches Open Till March 31

Bank Holidays in March: In a note to all agency banks, the RBI also clarified that all government transactions done by them for FY23 must be accounted for...


21 March 2023
March 22, 2023: Is There A Bank Holiday Tomorrow? Check More Details Here

March 22, 2023: Is There A Bank Holiday Tomorrow? Check More Details Here

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain open for equity, equity derivative segment and securities lending and borrowings...


20 March 2023
SVB Collapse: 4 Things Indian Bank Depositors, Investors Should Keep In Mind

SVB Collapse: 4 Things Indian Bank Depositors, Investors Should Keep In Mind

While the Silicon Valley Bank collapse is a cause for concern, sticking to your basics and maintaining proper asset allocation will help you weather the storm...


16 March 2023
Anand Mahindra's Viral Tweet On Banking System Triggers A New Debate Amid SVB Crisis

Anand Mahindra's Viral Tweet On Banking System Triggers A New Debate Amid SVB Crisis

Ananda Mahindra's viral tweet on the world's banking system has not just left Twitterati in splits but also started a new debate amid the Silicon Valley Bank...


16 March 2023
Credit Suisse To Borrow Up To $54 Billion From Swiss Central Bank Amid Rising Trouble

Credit Suisse To Borrow Up To $54 Billion From Swiss Central Bank Amid Rising Trouble

BREAKING: Credit Suisse is reportedly planning to raise around $54 billion from Swiss Central Bank amid rising financial trouble and the SVB crisis in the US...


15 March 2023
Sound Economic Policies And Diversification Key To Gulf Exceptionalism, According To Investment Banking Leader, Rajat Tiwari

Sound Economic Policies And Diversification Key To Gulf Exceptionalism, According To Investment Banking Leader, Rajat Tiwari

Rajat Tiwari has shed light on several topics, including "Gulf exceptionalism." These nations, which include Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia,...


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15 March 2023
Credit Suisse's Neelkanth Mishra Steps Down, To Head Research At Axis Bank

Credit Suisse's Neelkanth Mishra Steps Down, To Head Research At Axis Bank

Credit Suisse veteran Neelkanth Mishra has reportedly decided to step down from his role and move on to head research at Axis Bank. Complete report here


15 March 2023
Silicon Valley Bridge Bank CEO’s Cry For Help; Asks Depositors To Pivot Back To Lender

Silicon Valley Bridge Bank CEO’s Cry For Help; Asks Depositors To Pivot Back To Lender

Silicon Valley Bank Crisis: Announcing that the bank is open for business, the new CEO of Silicon Valley Bridge Bank has asked for support to help protect the...


15 March 2023
Credit Suisse Avows ‘Material Weaknesses’ In Its Reporting Amid SVB Crisis: Report

Credit Suisse Avows ‘Material Weaknesses’ In Its Reporting Amid SVB Crisis: Report

Amid Silicon Valley Bank (SVB) crisis, global investment bank Credit Suisse has flagged these ‘material weaknesses’ in its internal controls primarily over...


14 March 2023
Silicon Valley Bank Crisis: Rupee Falls, Markets Shake As SVB Crisis Explodes Further; Top Points 

Silicon Valley Bank Crisis: Rupee Falls, Markets Shake As SVB Crisis Explodes Further; Top Points 

Silicon Valley Bank Crisis: Here is how the Indian markets (NSE & BSE), the Asian markets, Indian Rupee and others reacted in the wake of SVB crisis


14 March 2023
Silicon Valley Bank Shareholders Sue CEO, CFO And SVB Financial Group Over Fraud: Report

Silicon Valley Bank Shareholders Sue CEO, CFO And SVB Financial Group Over Fraud: Report

Soon after the SVB collapsed, another bank based out of New York, the Signature Bank also collapsed, leaving many to wonder about what exactly was happening in...


13 March 2023
New York’s Signature Bank Becomes Next Causality Of Banking Turmoil: Report

New York’s Signature Bank Becomes Next Causality Of Banking Turmoil: Report

SVB Collapse Impact: The state regulators have closed New York-based Signature Bank on Sunday, making it the “third largest failure in US banking history"


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