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Hardening bond yields to weigh on bank profits in September quarterFor the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow ...
Bigger car loans, longer tenures face rate-hike testIndian car buyers are increasingly taking out larger and longer loans to purchase higher-priced vehicles. This trend emerges as borrowing c...
CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and othersCreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance t...
RBI repo rate hike: How home loan borrowers can reduce EMI and interest burdenExtending the tenure instead of raising EMIs will push up the interest outgo on your home loan.
SBI refused to close higher fee credit card given to woman who asked for cheaper one; charged Rs 2,999 instead of Rs 499; SBI Card ordered to pay Rs 50,000A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper credit card and was refused. The ...
Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh KantAmitabh Kant has advocated for reducing the statutory liquidity ratio to promote job-intensive manufacturing in India. He emphasized that c...
GST rejig: Credit relief, export push and simpler rules make Diwali come early for industry, says EY’s Bipin SapraEY partner Bipin Sapra said the GST Council’s latest reforms address input tax credit blockages, expand refunds, support exporters and stre...
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to IndiaGST reforms treating contract manufacturing for foreign principals as exports could boost India’s appeal as companies relocate parts of the...
A paid Rs 1,64,900 upfront for iPhone 18 Pro, B chose credit card EMI, C picked no-cost EMI in festive sales – Who saved most after discounts?The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EMI, the seller readjusts the intere...
This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catchTaxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to ...
US 10-year Treasury yield could hit 6% as oil prices, debt worries mount: Pimco CIOThe 10-year US Treasury yield could reach 6% for the first time since 2000, according to Pimco’s Dan Ivascyn. Rising oil prices, inflation ...
Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
Crude oil, uneven monsoon pose risk to banks despite benign asset quality: ReportHigher crude oil prices and drought conditions in five states may impact Indian banks' asset quality outlook. This follows a stable credit ...
Planning a ₹2 lakh foreign holiday? These hidden costs can push your trip budget up by 25–40%
US bank earnings in focus as Treasury yields surge, raising concerns over lending and dealmakingUS bank stocks face a critical earnings test as investors assess whether rising Treasury yields, higher deposit costs and slower dealmaking...
Bank profits may rise 25% in Q2FY27, margins to recover gradually in second half: ReportAccording to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign curre...
Higher borrowing costs could increase financial burden on exporters: FIEOIn a recent statement, FIEO has voiced serious concerns about the repercussions of increasing borrowing costs for exporters amid economic u...
S&P sees 12-14% credit growth in India despite rural stress risksS&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact...
Indian banks face a Q2 paradox: FCNR boosts loan growth but margins shrinkIndian banks are heading into the Q2 earnings season with strong loan growth, helped by FCNR(B) deposit inflows, but margins are likely to ...
Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...