Investing in mutual funds may appear challenging. Here's a guide to help to take your first steps towards investing in mutual funds
Investing in mutual funds may appear challenging. Here's a guide to help to take your first steps towards investing in mutual funds
The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May, with further hikes likely on the cards.
The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, adding it is the first lender to achieve the Rs 6 lakh crore milestone in the residential home category.
Earlier, the RBI opposed the proposal allowing ARCs to bid for debt resolution under bankruptcy courts. The RBI now said that ARCs with a minimum net owned fund of Rs 1,000 crore can act as resolution applicants.
Citing a "material risk" to financial stability after pension firms were hit by the turmoil, the BoE split its programme to buy up to 10 billion pounds of British gilts each day to include up to 5 billion pounds of index-linked bonds.
These are crucial parts in the revised set of rules for ARCs that the regulator unveiled Tuesday with an aim to improve their regulatory framework and strengthen their governance standard.
The lending universe continues to remain skewed with the top 10 states including Tamil Nadu and Uttar Pradesh accounting for 80 percent of microfinance portfolio this year, according to a report by credit bureau CRIF high Mark. Data compiled by the credit bureau indicates that the asset quality in the sector is improving.
The RBI guidelines have barred corporates from being even a minority shareholder in consortium wanting to bid for 60 per cent stake in IDBI Bank's strategic sale process. ​​The current RBI norms bar industrial houses from becoming bank promoters, an official said. As per the RBI guidelines, industrial houses can hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
A strong credit growth in the second quarter shows that the economy is on the mend and consumers are not holding back amid higher inflation and tightening interest rates. India's largest private lender HDFC Bank's loan book showed a remarkable growth of 23% in the July-September quarter, a good 700 basis points or 7% above the systemic growth.