Budget 2020

corporate bond funds | bank FD: Are corporate bond funds a potential alternative to bank FDs?

Bank fixed deposits (FDs) have traditionally been the most favoured debt investment option among Indians. But not anymore. With interest rates on FDs falling, especially over the past one year, their popularity is waning. In such times, corporate bonds can serve as an alternative to bank FDs for investors looking for low-risk investment options. Introduction […]

Budget 2020

Kotak Mahindra Bank announces launch of Kotak Remit on mobile

NEW DELHI: on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution is live on the Kotak Mobile Banking App. For the first time, Kotak customers can conveniently transfer money internationally to […]

Budget 2020

IndusInd Bank gets ₹2,021 crore capital boost from promoters

The two promoter entities are IndusInd International Holdings Limited and IndusInd Limited. Hinduja Group’s IndusInd Bank has received ₹2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares. “The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities […]

Budget 2020

Reserve Bank issues rules for HFCs

The RBI on Wednesday issued directives to housing finance companies (HFCs) on maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio. It said the directions, took immediate effect and were aimed at protecting the interests of investors and depositors. “All non-deposit taking HFCs with asset size of ₹100 crore and above and […]

Budget 2020

Stock market update: Nifty Bank index falls over 2%; Bank of Baroda dips over 5%

NEW DELHI: Nifty Bank index was trading lower at 03:02PM (IST) on Friday. Shares of (down 5.38 per cent), (down 4.42 per cent), (down 4.22 per cent), Axis Bank (down 3.86 per cent) and Federal Bank (down 3.86 per cent) were the top losers in the index. While IDFC Bank (up 6.37 per cent) and […]

Budget 2020

GMO’s Jeremy Grantham throws weight behind Infosys, ICICI Bank

MUMBAI: Jeremy Grantham, one of the most prominent hedge fund investors in the world and a notorious bear, has taken bullish bets on two of the most sought-after trades in the Indian stock market – and . Grantham’s hedge fund GMO bought substantial American Depository Receipts of ICICI Bank and Infosys during the December quarter, […]

Budget 2020

All remaining 18,000 bank branches to be under CTS by Sep: RBI

MUMBAI: As part of further improving, speeding up and fool-proofing the payments and settlement systems, the Reserve Bank on Friday said all the 18,000-odd branches which are outside the centralised clearing system called cheque truncation system will come under it by September. The cheque truncation system (CTS) is in use since 2010 and covers around […]