Mutual Fund or Bank deposit ?
The deadline for submission of resolution plan for debt-ridden may be extended further as bidders have sought more time to complete the due diligence process, sources said. Few bidders, including Piramal, Torrent, Oaktree and , have written to the administrator seeking an extension of the deadline from existing
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With an aim to increase its secured asset portfolio, Ujjivan Small Finance Bank is entering the gold loan segment shortly and also extending auto loan offerings to non-micro borrowers. Like other small finance banks, currently, as much as 70 per cent of Ujjivan's assets are unsecured/without collaterals, and a vast
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Gold lost its glitter due to a strong US greenback and hints of more interest rate hikes from the US Federal Reserve that pushed investors away from the precious yellow metal. The London spot gold corrected more than 18 percent from its recent high of $2070 which it hit in
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(BoB) on Saturday reported a 79% jump in net profit on the back of strong loan growth and fall in provisions as asset quality improved. Net profit increased to ₹2,168 crore in the quarter ended June 2022 from ₹1,209 crore, helped by a 12% rise in net interest income
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Private lender on Saturday reported its highest-ever quarterly net profit of ₹474 crore in the three months to June on the back of a steep fall in provisions. The lender had reported a loss of ₹630 crore in the same period last year. Net interest income, or the core
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Indonesia is pushing to become a full member of the Financial Action Task Force (FATF) to play an important role in fighting tax evasion and promoting global tax transparency, a key goal of its G20 Presidency. The island archipelago is a close strategic partner of India in Southeast Asia, and
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Former RBI Governor Raghuram Rajan claimed that the Reserve Bank of India (RBI) has done an excellent job boosting the country's foreign exchange reserves, and it will not experience economic issues like Sri Lanka or Pakistan. This week, India's foreign currency (forex) reserves totaled $571.56 billion, according to the latest
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Gold along with other commodities rose for the second consecutive week as the US dollar dipped deeper into the red territory. The commodity US dollar inverse relation has strengthened further in the last few days and trends in the US dollar may continue to remain the key price determining factor
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said on Friday that the Reserve Bank of India had allowed it to invest ₹500 crore in the upcoming ₹2,500 crore rights issue of . "Post rights issue, the holding of the bank would come down below 30% but would be higher than 26% so that the bank
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The Gujarat High court has directed the Central Board of Indirect Taxes and Customs to grant refund of goods and services tax paid on ocean freight within six weeks with interest, in a relief for importers. Refund claims worth ₹1,000 crore are pending. The decision comes after the levy of
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