The FinTech Hub
Source: Live Mint Shares of RBL Bank ended higher at ₹166.80 apiece in trade on Monday, January 6, marking a 2.46% gain compared to the previous close as investors reacted positively to the bank’s December quarter business update, which was released over the weekend. With today’s rally, the stock has risen for the third day…
Source: Live Mint RBL Bank has divested its entire 8.16% stake in DAM Capital through an OFS during the public issue that was open between December 19-23 for a sum of ₹163.32 crore, excluding taxes, the company said in an exchange filing on December 26. The bank said it now does not hold any equity…
Source: Live Mint Using a credit card for an expensive item is not unusual. People tend to use a credit card to buy almost everything ranging from a gadget to jewellery, and smartphone to flight tickets. Most banks invariably give a 40-45 day interest free period for making the payment. However, when the bill is…
Source: Live Mint RBL Bank has revised its fixed deposit interest rates with effect from Dec 15. Now the interest rates range between 4 to 8.5 percent per annum. The highest interest rate of 8 percent is offered on the deposits of 500-day tenure to general citizens, and 8.5 percent to senior citizens. The bank…
Source: Live Mint RBL Bank is planning to stop issuance of cobranded credit cards in partnership with Bajaj Finance. The move does not significantly change the bank’s plans for credit card business growth, including new issuances and spends. RBL Bank will continue to service the existing portfolio of approximately 3.4 million co-brand credit cards issued…
Source: Live Mint Buy or sell: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone….
Source: Live Mint Shares of RBL Bank came under significant selling pressure during the trading session on Monday, October 21, falling 14.5% to hit a 16-month low of ₹175.50. The decline was driven by the bank’s disappointing September quarter performance, which highlighted challenges in the unsecured credit segment. The weak results prompted several brokerages to…
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 7:42 PM IST By Malavika Kaur Makol and Ronojoy Mazumdar India’s $1.3 trillion bond market is facing a peculiar issue: investors can’t get enough of sovereign bonds as the government buys back debt and cuts borrowings, resulting in a supply…
Source: Business Standard 4 min read Last Updated : Oct 03 2024 | 9:27 AM IST Futures & Options (F&O) Insights for Thursday, October 03, 2024: The weekly Nifty options expiry today could trigger additional market volatility, which seems to be coming with terms to the rising Israel-Iran conflict. The Nifty October futures…
Source: Business Standard 4 min read Last Updated : Sep 27 2024 | 5:32 PM IST Are you looking to maximise your savings through fixed deposits? Several public sector banks are currently offering attractive interest rates on fixed deposits, with the Bank of India leading the pack. Senior citizens can earn 7.95 per cent…
