Mutual Fund or Bank deposit ?
In a regulatory filing, private lender RBL Bank, today announced the appointment of veteran banker R Subramaniakumar as its new managing director and chief executive officer. The announcement comes nearly six months after 's long-term MD & CEO Vishwahir Ahuja had stepped down. The appointment has been made for
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It was a non-consequential week for gold as market players remained non-committal ahead of the US Fed decision next week. The price traded in a narrow range near $1850/oz for most of the week, but a late Friday rally helped the bullion gain about 1.5%. Gold has recovered substantially from the
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Six Indian banks are reportedly suing the GVK Group for $1.5 billion or Rs 12,114 crore, according to the Times of India. The six banks include , , , , , and Axis Bank. According to the report, GVK defaulted on a $1-billion loan and a $35-million letter of credit
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Banks are expected to post steep net interest margins due to a near-total pass-through of Reserve Bank of India's policy rate hike under the External Benchmark Lending Rate (EBLR) regime. They have passed on the entire 90-basis-point increase in RBI's repo rate to their lending rate, making home loans, car
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