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Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 7:18 PM IST With banks finding it challenging to raise deposits amid strong loan offtake, they are taking the securitisation route to improve their liquidity position. Rating agency ICRA estimates Rs 45,000 crore to Rs 50,000 crore worth of securitisation and…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 4:16 PM IST Nifty PSU Bank slips: The Nifty PSU Bank index, which monitors the performance of public sector banks, fell by as much as 1.80 per cent, hitting an intraday low of 6,556.25 on Thursday, September 19,…
Source: Business Standard Shaktikanta Das, RBI Governor (Photo: Shutterstock) 3 min read Last Updated : Sep 13 2024 | 8:13 PM IST Banks could be a target for short sellers as stress in the global commercial real estate sector can cause liquidity squeezes, Reserve Bank of India Governor Shaktikanta Das cautioned on Monday. …
Source: Live Mint Can banks charge you a joining fee even before your credit card is activated? They cannot as the credit card account will not be created unless the card is activated. With complaints about banks charging a joining fee even before the card is activated, unsolicited cards being issued and the undue delay…
Source: Business Standard The lender is also in separate discussions with local asset management companies to sell as much as Rs 10,000 crore of loans, Bloomberg News reported earlier | Photo: Bloomberg 2 min read Last Updated : Sep 12 2024 | 11:38 AM IST By Saikat Das HDFC Bank Ltd., India’s…
Source: Business Standard Meanwhile, dollar-rupee forward premiums dipped, with the 1-year implied yield down 2 bps at 2.23%, retreating from a 16-month peak in the previous session (Photo: Shutterstock) 2 min read Last Updated : Sep 12 2024 | 11:23 AM IST The Indian rupee was little changed on Thursday, holding above its lifetime…
Source: Business Standard The proposed rules considered the liquidity profile of all banks and 5 per cent “does not seem over the top,” a third source aware of the matter said | (Photo: Shutterstock) 3 min read Last Updated : Sep 11 2024 | 2:35 PM IST India’s central bank will stick to its…
Source: Live Mint If you run short of cash and plan to withdraw your mutual fund investments, take a pause. There is another option: You can take a loan against mutual funds and not disrupt the long-term potential compounding of your investment. Several banks offer loans against mutual fund units at interest rates ranging from…
Source: Business Standard 5 min read Last Updated : Sep 10 2024 | 10:36 AM IST Nomura on Indian banks: Tokyo-headquartered international brokerage firm Nomura has reduced its target prices for some of the private and public lenders ahead of the US Federal Reserve’s policy meeting scheduled for next week. The brokerage…
