As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
The report underscores the significant role played by new incremental factors, particularly the surge in accumulation by Central Banks in emerging markets (EM) and increased retail buying in Asian markets including India have led to an increase in gold prices worldwide.
Despite expectations
Pune (Maharashtra) [India], April 11: Bajaj Markets has partnered with some of India's leading banks to offer tax-saver fixed deposits (FDs). Considering it's the start of the financial year, this partnership aims to provide investors with a seamless way to reduce their tax liability while a
Private lender HDFC Bank opened a branch at Kavaratti Island in Lakshadweep, making it the only private sector bank to have a branch in the Union Territory.
entral banks the world over are likely to cut interest rates from June-July this year to bring real rates closer to the pre-Covid range, according to Morgan Stanley.
Thousands of devotees gathered on the banks of the River Mandakini in Madhya Pradesh's Chitrakoot to offer special prayers on the auspicious occasion of Somvati Amavasya on Monday.
Devotees performed special rituals for their ancestors on Somvati Amavasya. Those who came to bathe expressed their joy in participating in the baths, worship, and rituals on the banks of the Ganga on the auspicious day of Omvati Amavasya.
The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
People of Mathura consider Hema Malini, who is the wife of actor Dharmendra Deol, as Jat's daughter-in-law. Mathura, situated on the banks of Yamuna, is a Jat-dominated area with about 35 per cent Jat voters.
Shimla (Himachal Pradesh) [India], April 2: Devlok Manali, a groundbreaking cultural endeavor developed through a pioneering Public-Private Partnership (PPP) model with the Himachal Pradesh Government, is a newly launched cultural theme park. Situated along the picturesque banks of the Beas
Pune (Maharashtra) [India], April 1: Bajaj Markets, a subsidiary of Bajaj Finserv, empowers users to spend smartly and earn while they do, with a wide range of credit card options. The array of 30+ credit cards from top banks and financial institutions helps individuals save on their everyda