If you are in credit opportunity funds, income funds or dynamic bond funds for a long-term goal, stay put.
Once you analyse the data, you will realise the state government wants to take credit for achievements that do not belong to it.
Auto-debit payment bounces have gone up for the second consecutive month in May, emphasising the stress building up due to a halt in economic activities as authorities lock down various parts of the country to stop the spread of the virus in the second wave. According to the National Automated Clearing House (NACH) data, in May, of the 85.7 million transactions initiated, 35.91 per cent, or 30.8 million transactions, failed.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Influential Patel community leader Parshottam Rupala, minister in the first Narendra Modi government Mansukh Mandaviya and three-time MP Darshana Jardosh, all from Gujarat, were among those inducted in the Union cabinet on Wednesday.
Here are the many pros and some cons of going for such an arrangement
As on March 31, 2019, while the promoter group's stake, including individual promoter shareholders as well as group investment firms, stood at 42.71 per cent, it fell to 38.39 per cent on Tuesday.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
In a blogpost, Adobe said its security team discovered sophisticated attacks on its network, involving the illegal access to customer information as well as source code for numerous Adobe products.
S&P Global Ratings has forecast India's economy to shrink by 5 per cent in the current fiscal. It, however, has projected GDP growth to be 8.5 per cent in 2021-22 and 6.5 per cent in 2022-23.
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
With no movies to shoot, no meetings to attend and no red carpets to grace, lockdown-afflicted celebrities are pursuing forgotten hobbies or browsing through old photo albums to share warm memories.
The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
Make your 'dream-home' dream come true
Govt is likely to find it hard to meet deficit target next year.
Public sector firms presented interesting offers on Day Zero placements at the IITs.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
A no-nonsense high profile minister, Ramesh, an IIT alumnus and an environmentalist, was perhaps the country's first independent thinking environment minister
Governments around the world are trying their best to achieve the right balance between the rise in overall net revenues, personal income tax rates and tax credits.
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
"The downgrade of the bank's BCA and ratings reflects the negative impact of the discovery of a number of fraudulent transactions on the bank's standalone profile, particularly its capital position," the rating agency said in a report.
'It says, we are not just an overseas player -- we are Kia India and here for good'
Hisar has turned out to be a double edged sword for Team Anna. While it can now take credit for the Congress' rout in Hisar, its stance in the bypoll has divided its own core team, says Neerja Chowdhury.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
The taxpayers and honest borrowers suffer when a big entity defaults.
Infosys Technologies Ltd has become the first company in India to obtain BBB rating, higher than the country's sovereign rating (BB+/Stable/B), from global credit rating agency Standard & Poor's, reflecting the company's strong financial profile.
The Pakistan Cricket Board is planning to hire some former players as coaches and managers of the national age group teams, taking inspiration from the success that India has achieved with Rahul Dravid in a similar role.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
'The banks cannot pass on the hike in premiums to its customers, according to the norms. The premium won't go up substantially in any case and may be hiked to 12-13 paise (per deposit of Rs 100 a year),' Finance Secretary Rajiv Kumar said.
Follow these 6 Cs of building good credit and your lender will never disappoint you!
Humne jo kaha tha who kar dikhaya (Whatever we had said before the final, we have done it.)Shahid Afridi's tongue-in-cheek remark after his side had succumbed to a 29-run defeat in their semi-final against India in Mohali on Wednesday.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
Mutual funds, bonds, PPFs, equity and real estate are some options which offer varying rates of return.
'Every Indian citizen is already exposed to massive digital surveillance and most are already vulnerable to data theft and cyber-impersonation as well,' points out Devangshu Datta.
he Securities and Exchange Board of India asked credit rating agencies to disclose the fees they charge companies for assessing their debt profile and the default rate on their previous ratings.
