The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
'The market won't wait for earnings to recover.'
'There is still scope for selective stockpicking.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The levy proposed to be charged on air tickets for regional connectivity fund would marginally increase cost.'
The central bank has, so far, cut its repo rate by 125 bps.
Calling out the high real interest rates -- the differential between the policy rate and headline inflation -- as an impediment to investment, the SBI report said the RBI can cut rates by 0.35-0.50 per cent at its next policy announcement.
Indian badminton team created history on Sunday as they lifted the Thomas Cup trophy for the very first time.
Under flak from the opposition for 'diverting' Covid vaccines to private hospitals to make a profit, the Punjab government on Friday asked them to return all stock meant for the 18-44 age group.
Given the relevance of bank deposits for Indian savers, whether the regulator would permit linking savings interest rate to a repo-like structure needs to be seen, as a move of this nature could increase volatility in savings also.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
Part of a focus on retail advances, as corporate demand remains subdued; could reverse if RBI raises repo next month
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Three stockmarket experts give their best picks for the New Year.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
It is unlikely that the RBI will drop rates until the inflation rate drops below five per cent.
Financial planners advise against putting capital to work by anticipating what might go up or down.
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
Traders said the current demand is backed by government-funded projects which usually come up in the months before the election and the pace may slow down after the election, pushing the growth back to the previous levels.
The bank expects to grow loan book by 10 per cent in the current financial year with calibrated exposure to corporate accounts and thrust on the retail segment.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
'The cost of funds has come down, which will lower lending rates'.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
The new rules will make pricing of loans more transparent.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
They sought further cut in interest rates as well as reforms.
Over a five-year period, the benefit of a sharp drop in interest rates would mean saving Rs 76,880 -- a significant number. But if the rate cuts are slimmer, say 25 bps or the number of years left is barely one or two years, shifting may not make too much sense.
The rating was downgraded despite 25 per cent held by stronger partner Indian Hotels, which operates the company's seven properties in India.
Given its features as a retirement product (long lock-in and compulsory annuitisation), investors should have other investments they can fall back on in case they need funds
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
K Vaitheeswaran, co-founder of Indiaplaza, one of India's first e-commerce companies, shares the lessons he learnt from its failure.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
This is the sixth consecutive markdown in the valuation of Flipkart by the US firm.
As of December 2018, a total amount of Rs 51,513 crore has been infused into PSBs.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances