Best time for home loans as rates at 6-yr low If you are planning to avail of a home loan, it is the best time now to go for it as lending rates for housing loans are at their lowest in six years.
Bad loans dip as bank stocks rise The recent guidelines from the central bank allowing statutory reserve and other reserves created out of the profit to be reckoned for paying of Additional Tier 1 (AT1) bonds coupon – these are a comb
PSU general insurers raise group health premium rates by 40-50% The plans to list on the bourses has brought back profitability at centre stage for the four public sector non-life insurers who were so far chasing market share but had been reporting operating losse
RBI dashes all hopes, hints at end of rate easing cycle The Monetary Policy Committee (MPC) on Wednesday kept the benchmark policy rate unchanged for the second consecutive meeting. All the six members of the MPC voted in favour of holding the rate.
Central bank may cut rate and go for a long pause after that The easing inflation trajectory may prompt the Reserve Bank of India (RBI) to cut the policy rate by 25 basis points (bps) on Wednesday.
RBI Policy Rate back in the spotlight With the government maintaining fiscal prudence in the Union budget for 2017-18, growth concerns emanating from demonetisation, inflation dynamics remaining benign despite rising crude oil prices, the
Govt to sell 25% in 4 general insurance firms and GIC Re The government on Wednesday approved the listing of four public sector non-life insurance companies and state-owned reinsurer (GIC Re) to help bring in more transparency and equity in these companies
Free or Fettered? A day after former governor of the Reserve Bank of India (RBI) YV Reddy commented that the central bank's identity seems to have been dented and its autonomy diluted post-demonetisation, another forme
Banks’ credit cost to remain high from ageing NPAs Banks are likely to report lower core profits for the third quarter of the financial year but this would be offset by better treasury gains.
SBI blocks transfer of cash to e-wallets via netbanking The country’s largest lender State Bank of India (SBI) continues to block its users from transferring money using its internet banking portal to mobile wallet services such as Paytm, FreeCharge, Mobil