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Banks are forced to offer inflation-beating deposit rates for a tenor ranging from 200 to 800 days as credit growth has been far outpacing deposit mobilization throughout this fiscal, leading … Read More
The Adani Group plans to prepay or repay share-backed loans worth between $690 million and $790 million by the end of March this year, two people with knowledge of the … Read More
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by … Read More
India’s economic expansion likely slowed in the October-December period, as rising borrowing costs crimp consumption that’s a key growth driver. Gross domestic product probably rose 4.7% last quarter from a … Read More
A derivative trade that boosted demand for India’s sovereign bonds by billions is at risk from a proposed tax, piling pressure on a market straining under record government borrowings. Analysts … Read More
The rupee gained 11 paise to 82.68 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Forex traders said sustained foreign … Read More
Air India chief Campbell Wilson on Monday said the full-service carrier post the merger of Vistara will be known as Air India, which is much more recognised outside the country … Read More
‘Growth in credit was led by bank branches in metropolitan centres, which account for nearly 60% of the total credit by scheduled commercial banks and recorded 17.2% rise (y-o-y) in … Read More
The Employees’ Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another … Read More
Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sensex has tumbled more than … Read More