'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
'Stick to FDs of shorter tenures, preferably one-two years.'
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.
Under pressure on the black money issue, the government plans to monitor high-value savings and investments more closely to net tax evaders.
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
Claims to regain business lost to private courier operators.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Deciding when and how much to invest is almost as important as deciding what to invest in. If you are saving money in a bank account, the sooner you invest and the more you invest, the more money you will earn in interest. The amount of interest you receive can go up and down depending on the interest rate.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
New ITR form may be simpler, but some changes could stump you.
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
The overdraft facility has been sanctioned in only 40,000 accounts
You would find NBFCs more willing to lend even if you have a poor credit score, says Adhil Shetty
Taking a cue from the cut announced by Reserve Bank of India in interest rate on savings accounts offered by banks, Bank of Baroda has reduced deposit rates by 0.25-0.75 per cent across all maturities effective March 10.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
How the Aadhar card would be linked to income tax return is yet not clear
India's GDP growth will slow down to 5.5 per cent in FY24 from the 6.9 per cent expected in the current fiscal 2022-23, a Swiss brokerage said on Wednesday. The slowdown was attributed to slowing global growth and tightening of monetary policies in the report by economists at UBS India. It said India will be among the "lesser affected economies" in the world, but made it clear that the world's fifth largest economy is not immune from global headwinds.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
The higher the tax bracket, better the yields for these instruments
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances