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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 In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
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 4 min read Last Updated : Sep 12 2024 | 10:10 PM IST The jaw-dropping response to the initial public offering (IPO) of Bajaj Housing Finance (BHFL) may aid the recent rally seen in most of the shares of housing finance firms, albeit for a short term, according to analysts. …
Source: Business Standard He further noted that the underdeveloped financial system and the limited market for infrastructure debt have made the sector heavily dependent on banks | File image 2 min read Last Updated : Sep 12 2024 | 12:15 PM IST The National Bank for Financing Infrastructure and Development (NaBFID) should aim to…
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: Business Standard 4 min read Last Updated : Sep 10 2024 | 7:11 PM IST The Reserve Bank of India (RBI) has been repeatedly raising alarm about the widening gap between non-food credit growth and deposit growth in the banking sector, which raised the credit-deposit (CD) ratio to 78.1 per cent (80.3 per…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 8:35 PM IST The Reserve Bank of India (RBI) has penalised HDFC Bank, and Axis Bank for Rs 1 crore and Rs 1.91 crore, respectively. According to an RBI press release, HDFC Bank, the country’s largest private sector lender, opened…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 11:08 AM IST The Reserve Bank of India (RBI) has turned down Canara Bank’s proposal to establish a credit card subsidiary, a move that the government-owned lender believed would boost its growing card business, reported The Economic Times. Currently, Canara…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
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