Buoyed by the positive investor sentiments after the passage of much delayed GST Constitution Amendment Bill in both houses of Parliament last month, India's equity markets got a shot in the arm with mutual fund houses pumped in investments of over...
Read MoreRBI to Announce Monetary Policy on 6th April, Expect No Rate Cut Like Last Time
The second bi-monthly RBI monetary policy review of 2017 is set to happen tomorrow i.e. April 6. Seeing the RBI’s shift from accommodative to a neutral stance, there is a widespread speculation that the central bank may hold on to the key policy...
Read MoreHDFC, Max Group Announce Merger of Life Insurance Businesses to Form Entity of Rs 67K Cr
In what could be seen as a significant development in the life insurance industry, HDFC Life, Max Life and Max Financial Services gave their nod to the merger of life insurance businesses among the entities. The estimated market value of the...
Read MoreRBI to Introduce ₹200 and ₹1000 Currency Notes
In accordance with media reports, there is a fair chance that the Reserve Bank of India may bring new ₹200 note. The decision regarding this was taken last month. The printing of new banknotes is expected to begin after June once the Modi...
Read MoreBharatiya Mahila Bank to merge with SBI, Women borrowers to get Benefits
The Government of India has given its nod to the merger of Bharatiya Mahila Bank (BMB) with the country’s leading public sector bank, State Bank of India. Mahila bank was incorporated in the year 2013 and was inaugurated by former Prime Minister...
Read MoreA Bigger and Better SBI After Recent Mergers
State bank of India, the largest Public sector bank in India has expanded its horizon with the first ever large scale consolidation in the Indian banking history. With the merger of 5 associate banks- State bank of Bikaner and Jaipur, State bank of...
Read MoreWant to Save Money? Google is Here to Teach You
Of late, the US-headquartered technology company, Google has endeared itself to Indians with its Wi-Fi project with the Indian Railways, helping millions of commuters connect to the web. And, now the company wants to do more! Yes, you heard that...
Read MoreSBI joins the coveted league of World’s Top 50 Banks
With the ‘six way mega merger’, State bank of India has become the 45th largest bank in the world. The merger of SBI with five of its associate banks - State bank of Bikaner And Jaipur, State bank of Hyderabad, State bank of Mysore, State bank...
Read MoreAxis Bank Cuts Base Rate by 10 BPS
Axis Bank Cuts Base Rate by 10 BPS-Know More Here Axis bank, one of India's leading private sector banks has reduced its base rate by 10 basis points. The bank has revised its base rate to 9.15% from the earlier 9.25%. Recently, State Bank of India...
Read MoreCheers! IDBI Bank, Axis Bank cut lending rates, others may follow suit
Is your home loan, car loan or consumer loan linked to the base rate regime? If yes, then you have a reason to cheer. IDBI Bank, a public lender, has cut its base rate by 10-basis points to 9.65% (100 basis points=1% point). Previously, the base...
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