Gold holds steady after scaling 7-week high, US inflation data in focusGold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to b...
PNB to roll out its wealth management product by Dec aimed at boosting non-interest incomePunjab National Bank plans to launch wealth management services by December. The bank is also aggressively scaling its credit card business...
Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below t...
Highest FCNR (B) FD interest rates for NRIs: PNB offers 6.50%, compare SBI, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank rates
Dollar drops as weak US jobs data pushes out Fed hike expectationsThe US dollar lost ground against key currencies due to unexpected job losses in July, raising fears about economic stability. As a result,...
Science ministry rejects conflict-of-interest claims in RDI fundMinistry officials defended the Research, Development and Innovation Fund selection process. They stated that conflict of interest guidelin...
Loss of interest in marriage is not a valid ground for divorce under Hindu Law, orders Karnataka HCHindu marriage can’t be broken merely because husband lost interest in marriage, rules Karnataka High Court and says ‘The marriage under th...
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing ...
EXIM Bank to be implementing agency for interest subvention support for exporters: DGFTThe commerce ministry announced EXIM Bank will implement export credit interest subvention. This transition from the Reserve Bank of India ...
West Bengal govt failed to protect tribal interests in mining land acquisition, says CAG reportThe CAG has flagged the West Bengal government's failure in safeguarding tribal interests. Land acquisition for mining projects resulted in...
New framework to standardise interest rate rules on the anvil, says RBIThe Reserve Bank of India plans to standardize interest rate rules for all regulated entities. This new principle-based framework aims to i...
RBI proposes new rules to standardise how lenders set interest ratesIn a significant move, the Reserve Bank of India plans to establish uniform interest rate guidelines for all regulated entities. This initi...
Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
CREDAI, NAREDCO hail RBI policy, stable home loan interest rate to help sustain housing demandRealtors welcomed the Reserve Bank of India's decision to maintain the repo rate. This stability in home loan interest rates is expected to...
RBI policy: Will high-interest rate cycle return for FD investors as RBI holds repo rate amid rising inflation?RBI MPC repo rate: The Reserve Bank of India maintained its repo rate at 5.25 percent today. Inflation is nearing the upper tolerance band,...
Govt approves Rs 4,687 crore interest subsidy for ethanol projectsThe government has approved ₹4,687 crore in interest subsidies for eligible ethanol projects. This support covers interest subvention for n...
Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from s...