Property consultants and developers also feel that sales could be hit in case of a further rise in mortgage rates
The meeting took place in the backdrop of global concerns over failure of banks in the US amid aggressive monetary tightening
Finance Minister Nirmala Sitharaman has proposed the formation of a committee to address the issues related to pension for government employees while maintaining fiscal prudence, during the consideration and passage of the...
SBI Research added that RBI can continue with withdrawal of accommodation stance as liquidity is now in deficit mode
Union Finance Minister Nirmala Sitharaman said the government is considering several representations concerning pension, bringing tax collection at source for credit card payments for foreign trips under the Liberalised...
The Fed is focused on reducing rapid inflation in the United States, but recent events have complicated that job
According to the schedule released by the RBI on Friday, the first bi-monthly monetary policy of FY2023-24 is scheduled for April 3, 5 and 6; and next will be held during June 6-8
The think tank added that this policy should be jointly issued by the RBI, customs, and the directorate general of foreign trade (DGFT) after making necessary changes to their regulations
HDFC expects the merger process to be effective from the third quarter of the next financial year as the RBI approvals are a lengthy process
In a stock exchange filing, HDFC informed about the penalty and said it will be taking necessary steps to comply with the RBI's letter in this regard
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, which did not issue formal notice on the plea, asked the authorities to file...
Borrowers should prepay their loans using their annual bonuses or savings. They can also transfer the loan to another bank or NBFC offering lower rates.
Since the restructuring of Yes Bank, its shares have tumbled by more than 50 per cent which includes 20 per cent this year after SBI reported 80 per cent drop...
As of December 2022, SBI held 26.14 per cent or 6,050 million shares of Yes Bank; HDFC & HDFC Bank and ICICI Bank held 1,000 million shares each; Axis Bank 600...
Goyal said policy rates had been cut steeply during the pandemic, so they had to be raised fast after recovery was established
PhonePe is making significant investments in new businesses like insurance and wealth management
Recently, the RBI also enabled visitors from G20 counties to be on-boarded to the UPI platform without having a bank account in the country
This comes after the Hindenburg Research published a report which alleged Adani Group of several wrongdoings like fraud, stock-price manipulation and illegal...
The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance with the directions
As of 31st December, SBI, the country’s largest bank, holds 26.14 per cent of stake in Yes Bank and is still the largest single shareholder in the bank
The high temperatures will impact the wheat production, the rating agency said, adding that the surge in wheat prices contributed to over a tenth of the retail...
The RBI will protect your money deposited in any bank up to Rs 5 lakh in insolvent cases. Learn more about the deposits covered by the deposit insurance...
The RBI on February 8 hiked the key short-term lending rate by 25 basis points to 6.5 per cent, citing sticky core inflation
The Reserve Bank of India has made it mandatory that a number of basic banking services should be made available to you at home if you are older than 70 years...
The UPI-PayNow integration will allow Indians to make, receive instant transfers and payments in Singapore without having to board on to the PayNow system....
