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INTEREST RATES REGULATION
RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rulesThe Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring f...
Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
Trump's $100,000 Truth Social plan raises eyebrowsUS President Donald Trump's move to charge for early access to his often market-moving Truth Social posts is raising eyebrows a year and a ...
GIFT City investment for NRIs: Know your options, tax benefits, and how to invest in India in dollarsGIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investmen...
Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
India needs more GST relief to make travel affordable, drive tourism growth: SOTC Travel MDFurther GST rationalization on domestic hotels and restaurants could fuel tourism growth. The government's move to reduce tax collected at ...
Coinbase shares take hit on quarterly loss, analysts back diversification strategyCoinbase shares declined in premarket trading after reporting a third consecutive quarterly loss. Bitcoin's value has fallen significantly,...
Gold prices and long-term value: What you should knowLearn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial...
Korea’s leverage trap has an echo in IndiaIndian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at ...
RBI gives banks more time to implement bulk deposit rate norms, deadline now Oct 1Banks now have until October 1 to implement new differential interest rate rules. These norms allow varied rates on bulk deposits consideri...
Bank of England policymakers keep rates on hold but more back hikeThe Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possi...
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focusThe Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensi...
China sets overnight reverse repo rate steady at 1.25%, sources sayChina's central bank injected significant funds into the banking system. The People's Bank of China conducted overnight and seven-day rever...
Homebuyer booked flat for Rs 18 lakh in 2010, later finds builder sold the flats to third party: Mumbai man wins full refund with interest, penalty on developerHomebuyer wins full Rs 18 lakh refund in Mumbai: While the developer issued an allotment letter dated August 16, 2010, it failed to provide...
Small, medium banks offer higher rates to attract NRI depositsSmall and mid-sized Indian banks are ramping up FCNR(B) deposit rates to attract non-resident Indians after interest rate deregulation, off...
China hits travel platform Trip.com with $765M in penalties over monopoly abusesChina has fined a major online travel company nearly 5.2 billion yuan for monopolistic practices. The company restricted market competition...