New Delhi, Feb 22 (PTI) Industry body Amfi has launched three initiatives — SIP for smaller investments, Tarun Yojana to encourage young investors, and MITRA to help track and recover forgotten investments. These initiatives align with markets regulator Sebi and Association of Mutual Funds in India’s ongoing efforts to democratise mutual fund investments, ensuring wider…
MUMBAI (Reuters) – The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits, the central bank said on Friday. The RBI will conduct the buy/sell swap on February 28, it said…
Recently, Rattan Dhillon of Chandigarh, a State Bank of India (SBI) credit cardholder, brought to light an aggressive recovery message he had received from an SBI agent for a minor unpaid credit card balance on social media platform X. Dhillon called the agent’s conduct intolerable and urged the bank to extend an apology. Claims made…
Punjab National Bank (PNB) has revised interest rates in its retail loan book with effect from February 10, 2025. The revision aims to provide more competitive financial solutions and respond to changing market conditions as detailed in a press release by the bank on February 20, 2025. Further, the revised rates cover home loans, auto…
Rekha Gupta oath-taking today: Delhi CM-designate Rekha Gupta’s son Nikunj was all praise for his mother when talking to media ahead of the oath-taking ceremony on February 20. “It is good that a woman has been given the opportunity to be the CM. We are confident that she will be able to shoulder her responsibility…
AIUDF MLA Aminul Islam feels that the Telangana and Andhra Pradesh state government’s decisions to have shorter work days for Muslims during Ramzan is justified. Speaking to ANI in Guwahati, Islam said, “It is justified because people fast the whole day…” He further added that the Assam government should “rethink” its 2024 rule abolishing the…
As students and young working professionals flock to Bengaluru’s booming IT hub for opportunities, the 1BHK house has seen rising demand, according to a Hindustan Times report. Let’s look at how much it costs to rent a 1BHK in Bengaluru. Demand for 1BHKs in Bengaluru Skyrocketing The report added that local brokers pegged the demand…
Bank Holiday today: Today, February 8, is the day when the national capital’s assembly elections results will be declared. As such, many must be wondering if the banks in Delhi will be open or closed on February 8th for assembly elections? Further, today, is also a Saturday, so are banks open or closed across India?…
Grandmaster R Praggnanandhaa emerged victorious 2-1 in the tie-breaker against world champion D Gukesh to win the Tata Steel Masters chess tournament in Netherlands on Ferbuary 2. This was his first time winning the tournament, and he expressed cheeky thanks to fellow Indian Arjun Erigaisi for beating Gukesh in the first round which led to…
Bank holidays in January 2025: Today, January 25 is the fourth Saturday of the month. Thus for those wondering, are banks closed today? The answer is yes. Further, since January 26 is a Sunday and Republic Day, all banks across India will also be closed on that day. Public and private banks are usually off…
