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DIRECT DEPOSIT STIMULUS USA
Some Indian banks poised for interest margin gains as short-term funding costs fallIndian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. Thes...
NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEOIndian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amit...
India's debt market not equipped to finance next phase of growth, needs structural reforms: DeloitteIndia's debt market is currently ill-equipped to fund the nation's ambitious economic growth targets, a Deloitte report highlights. To achi...
Bank failed to return Rs 5 lakh FD after maturity; Kerala HC directs bank to repay FD with 12% interest and Rs 10,000 compensationThe Kerala High Court has ruled that a bank dealing with public funds owes a duty to its depositors to make prompt payment of the funds dep...
Donation box to bank: Inside Ram temple cash trailAn FIR regarding alleged theft of donation money at Ayodhya's Ram temple has exposed potential flaws in the Shri Ram Janmabhoomi Teerth Ksh...
Banks' credit steady at 17.7%, deposits ease to 12%: RBIBank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...
GSTAT extended relaxed scrutiny guidelines for filing appeals till December 31, 2026; Know how this helps taxpayersThe Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 20...
FCNR rates surge to 7%: What NRIs need to know before moving overseas deposits
Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules sayDiscovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly...
RBI draft allows AIFIs, HFCs to borrow from call moneyThe Reserve Bank of India (RBI) has proposed allowing All India Financial Institutions (AIFIs) and housing finance companies (HFCs) to borr...
Love Island USA’s Alannah Keyser removed from the show after resurfaced racial slur video sparks backlashLove Island USA faces backlash as contestant Alannah Keyser was reportedly removed after old videos surfaced allegedly showing her using a ...
FIFA World Cup 2026 today match schedule (25 June): Full fixtures, India Time (IST), venues and updated standings ahead of key group stage clashesFIFA World Cup 2026 match schedule for 25 June: Football fever heats up on June 25th with crucial FIFA World Cup 2026 group-stage matches. ...
Bandhan Bank raises FD rates by up to 20 basis pointsBandhan Bank has boosted fixed deposit interest rates by up to 20 basis points, with senior citizens now earning a competitive 7.95% on sel...
Consumer court asks builder to return money taken from buyer after failing to deliver the projectA Hoshiarpur consumer commission has ordered a builder and housing society to refund Rs 5.25 lakh with interest to a software engineer. The...
Rs 20 lakh investment for senior citizens: SBI FD vs SCSS vs RBI floating rate bond- which pays the highest?Investment options for senior citizens: Senior citizens seeking steady retirement income can choose between Senior Citizens Savings Scheme ...
RBI's FCNR push may boost banks' deposit growth: CrisilForeign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. Th...
RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
Aurobindo Pharma US gets FTC nod for $250 million acquisition of Lannett CompanyAurobindo Pharma's US arm has secured Federal Trade Commission approval for its $250 million acquisition of Lannett Company. This strategic...
How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREsThe Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. T...