The government plans to launch financial literacy in the school curriculum very soon. The knowledge of Financial & Capital markets will be disseminated in the form of...
Reserve Bank of India asked banks to forthwith stop charging penalty on pre-payment of home loans taken on floating interest rates. RBI held in its notification that abandoning...
The Centre agreed upon a Rs 35000 crore debt restructuring package to the textile sector. Step is taken to support the textile industry in this moment of crisis....
Axis bank, the 3rd largest private sector lender tied up with Bahrain’s Ahli United Bank for inward remittances. What does this tie up would bring in for customers...
J.P.Morgan held that: Since Govt spending remains half hearted, India’s liquidity deficit will decline more, hitting 1.5 lakh crore in June 2012. Core liquidity deficit could hit 1...
The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the...
In the wake of Basel III capital regulations declared by the RBI, the Indian banks would require Rs 3,90,000-5,00,000 crore capital over the next 6 years. As per...
Interest rate on Employees’ Provident Fund will be increased from 8.25% to 8.6% in the current fiscal. The Employees’ Provident Fund Organisation (EPFO) had brought down the rate...
The RBI has doubled the limit for home loans from Rs 5,00,000 to Rs 10,00,000 for consideration under Priority Sector Lending. This move was taken by RBI in...
Standard and Poor’s (S&P), the Global rating agency has lowered India’s rating outlook to -ve citing slow progress on its fiscal situation, as well as deteriorating economic indicators....
