[ad_1] Mumbai: The Reserve Bank of India (RBI) on Wednesday lifted the restrictions on Kotak Mahindra Bank, allowing it to issue new credit cards and onboard new customers through its website and mobile app, nearly 10 months after an embargo was imposed on it. “Having satisfied itself based on the submissions, and remedial measures undertaken…
[ad_1] Stock markets celebrated the Donald Trump administration’s pause on tariff hikes on Canada and Mexico, adding nearly â‚ą6 trillion of wealth as investors bet that a full-fledged trade war is unlikely. In the best day for the stock markets in a month, the Nifty ended up 1.6% at 23,739.25, while the Sensex closed 1.8%…
[ad_1] The third quarter earnings season kicked off last week with Tata Consultancy Services (TCS) announcing its Q3 results on January 9. Investors are expected to closely monitor the earnings reports for the December quarter (Q3FY25) that will be released next week, with over 60 companies set to announce their results between January 13 and…
[ad_1] Prior to investing in a fixed deposit (FD), depositors tend to compare the interest rates offered by different banks so that they can choose one bank over the other. Typically, the rate of interest and the tenure of FD go hand in hand. This means the longer the FD tenure, the higher the interest…
[ad_1] Prior to investing in a fixed deposit in a bank, depositors are recommended to compare the interest rates of different banks. This can help them maximise their earnings. Typically, depositors opt for a bank with which they share a long-term banking relationship. However, it should not be seen as a rule of thumb. Sometimes,…
[ad_1] Now the biggest culprit behind Bank Nifty’s underperformance has been its largest constituent by weightage—HDFC Bank. But even beyond this behemoth, Indian banks are currently grappling with some considerable systemic challenges, all of which were evident in their recent results. Dial D for Deposits When the country’s largest private sector bank as well as…
[ad_1] Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of…
[ad_1] Before opening a fixed deposit (FD) account, it is natural for depositors to compare the interest rates offered by different banks, as a result of which, the lenders that offer a higher rate of interest are preferred over others. It is noteworthy that Punjab National Bank and Bank of India recently revised their fixed deposit interest rates….
[ad_1] Before you open a fixed deposit (FD) in a bank, it is natural to compare the term deposit interest rate with those of others. Most banks offer anywhere between 3 and 7 per cent per annum on their fixed deposits based on their tenure. The rule of thumb is this: the longer the tenure,…
[ad_1] Kotak Mahindra Bank Ltd has appointed Grant Thornton Bharat as the external auditor as part of measures to plug gaps in its information technology (IT) systems, months after the banking regulator barred it from onboarding new customers through its website and mobile app. In April, the Reserve Bank of India (RBI) said it found…
