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BLANKET DEPOSIT INSURANCE
Higher EPF wage ceiling expands social security for millions; but EPS legacy issues need to be fixedThe recent adjustment to the Employees' Provident Fund wage ceiling significantly widens eligibility for benefits, raising the contribution...
Offered lower interest rates on home loans and car loans when you buy insurance? It may not always come cheap; here's how IRDAI proposes to change itNew proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes...
ETMarkets Smart Talk | Maturing AI trade could redirect global capital towards diversified growth markets like India: Ritesh TaksaliTaksali points out that FPIs invested around ₹20,000 crore in Indian equities in July, followed by another ₹12,921 crore in the first week ...
NCP (SP) leader Rohit Pawar launches stir over farm loan waiver, accuses Maharashtra government of betrayalNCP (SP) leader Rohit Pawar has initiated a farmers' protest in Chhatrapati Sambhajinagar, accusing the Maharashtra government of reneging ...
Timeline: The road to First Republic Bank's collapseLast week, First Republic reported a more than $100 billion plunge in deposits in the first quarter that sparked a brutal sell-off in the l...
India needn’t panic about the banking crisis but, with sharp interest-rate hikes, a thorough check is in orderThe relatively small size of the banks that have failed - and that they do not form a part of the 'systemically important banks' - is being...
Banks warier of serving crypto clients after blowups, regulatory scrutinyCross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor...
Banking rebound remains fragile as regulators review response to failuresInvestor confidence in the banking sector remains fragile as the ECB highlights the need for greater regulatory scrutiny following recent v...
A timeline of how the 2023 banking crisis unfoldedGlobal banks are heading towards a major crisis after two US banks failed, Credit Suisse sought government support and the US banks agreed ...
Fears of financial contagion could keep gold near record highsBanking sector fears continue to haunt risky assets. In the latest moves, Deutsche Bank AG shares slumped on Friday and the German lender’s...
Fed rate hike: Powell's move was expected but not Janet Yellen’s comment. What should investors do?However, analysts said markets would take a sigh of relief with the Fed setting the stage for peaking of rate hikes, hinting departure from...
Asian shares subdued after Fed hints at rate pauseGlobal markets have been volatile, with bank shares battered in the past two weeks following the sudden failures of two U.S. lenders an eme...
Gold edges higher after Fed signals pause in rate hikesGold prices jumped 2% on Wednesday after the Fed raised interest rates, but indicated it might pause further increases in borrowing costs a...
Oil prices fall as investors weigh Fed chair comments, rate hikePowell also said on Wednesday that banking industry stress could trigger a credit crunch with "significant" implications for an economy tha...
Dollar slips as Fed outlook shiftsThe Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in fav...
First Republic shares fall as Yellen says not considering 'blanket insurance' on bank depositsThat hope was reduced on Wednesday, after Yellen told a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services that...
Investors turn more bearish on stocks after Fed, survey showsThe survey results align with the view of Fed officials, but it pushes back on traders who amped up bets on rate cuts for this year — sendi...
What your health insurance policy will not coverMost people tend to give the in-depth study of the policy clauses a miss, only to regret later.
Budget 2018: Why government may increase section 80C limitOut of the various deductions available under the Act, section 80C is primarily an investment-led tax avenue that helps in reducing one's t...
- Investing for your child? Know your taxes
With increased awareness of varied investment options, parents are choosing to make investments in the name of child. Cut your tax bill