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India’s forex reserves snap 2-week decline, jump $5.9 bn to $595 bn

newzowl -
India's forex kitty jumped $5.929 billion to $595.067 billion for the week ended June 2, the Reserve Bank said on Friday. The reserves had...
Finance

Should you opt for one large fixed deposit or multiple smaller FDs?

newzowl -
With the RBI pausing the rate hike cycle, and deposit rates nearing their peak,  several financial institutions are offering 7-8% interest rates on ...
Finance

RBI Digital Currency, CBDC: Targeting 1 million CBDC users by end of this month: RBI deputy guv

newzowl -
The Reserve Bank of India (RBI) is targeting one million users of the central bank-backed digital currency (CBDC) by June-end, deputy governor T...
Finance

Why spate of bank deposit rate hikes could be a thing of the past

newzowl -
Ever since the Reserve Bank of India announced the withdrawal of Rs 2,000 notes on May 23, about half of those notes in...
Finance

Aditya BSL Medium Term Plan

newzowl -
Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformerFund pick: SBI Focused Equity FundFund pick: Nippon India Tax Saver FundFund...
Finance

IIFL to raise Rs 1,500 cr in bonds to fuel growth, caps coupon rate at 9%

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Leading non-bank lender IIFL Finance is raising up to Rs 1,500 crore through a public issue of secured redeemable non-convertible debentures (NCDs) to...
Finance

RBI’s decision to keep repo rate unchanged on expected lines: Experts

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The Reserve Bank of India's decision to keep policy rates unchanged was on expected lines, banking and financial experts said on Thursday. The Monetary...
Finance

Industry wants reversal of rate hike cycle as RBI pasuses for second time

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The status quo adopted by the Reserve Bank in its second bi-monthly monetary policy of the current fiscal will pave way for reversal...
Finance

RBI not planning to issue norms to regulate social media influencers

newzowl -
The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financial...
Finance

RBI to come out with guidelines regarding fraud account classification

newzowl -
The Reserve Bank will 'shortly' come out with revised guidelines on fraudulent account classification to take into account the recent apex court order...
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