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Source: Live Mint The Bank Nifty, which has lagged behind broader indices over the past few months, is showing signs of resurgence. A strong performance by HDFC Bank and Axis Bank, coupled with a mixed showing from Kotak Mahindra Bank, suggests the index could lift the markets in the coming sessions. Although rising deposit rates…
Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
Source: Live Mint Earlier this year, Axis Bank and HDFC Bank had also introduced minimum quarterly spending caps of ₹50,000 and ₹1 lakh, respectively, on select cards to unlock lounge access on them. A senior bank official of a leading bank informed Mint that the lounge is increasingly becoming a loss-making feature given the increase in…
Source: Live Mint Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet…
Source: Live Mint Close on the heels of HDFC Bank upgrading the eligibility criteria for its premium credit cards and SBI increasing interest rates for its credit cards, ICICI Bank has reduced the benefits for customers across credit cards. There will be no reward points on government-related spending on ICICI credit cards. The bank has…
Source: Live Mint If you are planning to open a fixed deposit (FD) account, it is advisable to first compare the interest rates offered by different banks. Although depositors tend to opt for the bank with which they share a long-term relationship, they can still choose a bank that gives them a higher rate of…
Source: Live Mint Motilal Oswal Financial Services (MOFSL), in its latest report, said that Q2 will see the slowest earnings growth for Nifty companies in 17 quarters, caught between tailwinds and headwinds. After four years of robust double-digit growth, the slowdown in corporate earnings is expected due to pressures from commodity prices, diminishing tailwinds from…
Source: Business Standard Credit Card, Shopping(Photo: Shutterstock) Private sector bank ICICI Bank and online travel company MakeMyTrip (MMT) have partnered to introduce a new premium co-branded credit card designed for frequent travelers. Key Features: myCash Rewards: Earn myCash rewards on travel and retail spending, redeemable for travel expenses on MakeMyTrip. …
Source: Live Mint If you are planning to get a credit card, then it is important to note that there are plenty of them to go for. Some credit cards offer travel reward points, while a few are good if you love to dine outside. Few are good for the moviegoers, while others are good if…
Source: Business Standard 1 min read Last Updated : Oct 03 2024 | 7:42 PM IST If you need a personal loan anytime soon, consider this table by Paisabazaar.com for your needs. It has the interest rate, processing fees and other information provided by more than 20 insurance companies. Click here to connect with us…
