4 minutes reading time Last update: August 12, 2024 | 20:32 IS Top-up home loans are in the spotlight these days. Reserve Bank of India (RBI) Governor Shaktikanta Das recently expressed concern over the rapid growth of these loans, pointing out that some lenders are not adhering to norms related to loan-to-value (LTV) ratios, risk … Read more
Axis Bank PRIMUS Credit card Axis Bank PRIMUS Credit Card is an ultra-premium luxury credit card offered by the private sector bank. Customers can earn 1 EDGE mile for every Rs 100 spent using an Axis Bank PRIMUS Credit Card. You can convert EDGE miles into partner miles at a ratio of 1:5 and get … Read more
Real estate investment trusts (REITs) have emerged as a popular investment option for people seeking exposure to the commercial real estate market. But with the introduction of small and medium-sized REITs (SM REITs) in India, investors now have a more granular approach to investing in this asset class. Unlike traditional REITs that pool funds to … Read more
Holiday travel boom: Travel and hospitality services are seeing a noticeable surge in bookings as Indian travellers gear up for the extended Independence Day weekend and Raksha Bandhan. Goa, Udaipur, Mumbai and Lonavala have emerged as the top domestic destinations. International getaways are in demand International travel is also on the rise, with popular destinations … Read more
5 minutes reading time Last update: August 12, 2024 | 17:42 IS In August 2024, following the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, some banks revised their fixed deposit (FD) interest rates to attract more customers. With the repo rate maintained at 6.5 per cent, banks are offering competitive rates, particularly for … Read more
Over the course of five years, public sector banks have racked up Rs 8,495 crore in the form of penalties from customers who did not maintain the minimum balance in their savings accounts, according to a news report by the Times of India. He State Bank of India (SBI) dropped these charges a few years … Read more
A new report by US-based short-seller Hindenburg Research alleging that SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch were involved in Adani Group’s offshore funds has brought to light investments worth Rs 41,814 crore made by mutual funds in 10 Adani group companies. On August 10, Hindenburg Research said whistleblower documents alleged that … Read more
4 minutes reading time Last update: August 12, 2024 | 1:51 PM IS Axis Bank, in association with Visa, has introduced ‘Primus’, an ultra-premium credit card designed exclusively for Ultra High Net Worth Individuals (UHNW) of India. The new super premium card will be offered on an invitation-only basis to select Axis Bank ultra-high net … Read more
Finance Minister Nirmala Sitharaman has introduced the Banking Laws Amendment Bill, 2024, which includes a proposal to increase the number of nominees allowed per bank account and locker from the current limit of one to four. Bank Counter Fees 2024: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB Currently, the Banking … Read more
The Reserve Bank of India (RBI) introduced five rules on CIBIL scores a few months ago. The central bank added one more rule a few days ago. The CIBIL score is a three-digit numerical summary of your credit history, rating and report that ranges from 300 to 900. Your credit score improves when your score … Read more
