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Markets Indian Markets World Markets
Will Joe Biden bode well for US stocks? Equity risk premium remains high but watch…
So far the newly sworn-in Joe Biden administration has primarily focused on fiscal support for the pandemic hit…
Economy Indian Markets Personal finance
US minimum wage by year
When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25…
Countries with higher wages than the U.S.
Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries…
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Industry Indian Markets Personal finance
Corporate funding to solar sector grew 24% globally in 2020: Mercom Capital
In 2020, announced debt financing came to $8.3 billion, a 6.4% increase year on year.Corporate funding to the…
Recent Posts
RBI bans audit firm Haribhakti & Co for two years
Haribhakti & Co was the auditor of Srei Infrastructure Finance, whose board was superseded by the RBI and against which insolvency proceedings were initiated last week.The Reserve Bank of India (RBI) on Tuesday banned chartered…
Bank Holidays October 2021: Banks to remain shut for up to 14 days from Oct 12; check full list here
On 12 October 2021, banks in Agartala and Kolkata will remain shut due to Durga Puja (Maha Saptami). Image: ReutersBank Holidays in October: As the festive season has started, banks in India will remain closed for up to 14 days, starting…
RBI working on offline digital payments framework, hikes IMPS limit to Rs 5 lakh
The per-transaction limit in IMPS, effective from January 2014, is currently capped at Rs 2 lakh for channels other than SMS and IVRS, for which it stands at Rs 5,000. The Reserve Bank of India (RBI) on Friday made a series of…
Punjab and Maharashtra Co-operative Bank resolution at an advanced stage: RBI
In June, the central bank had given in-principle approval to a consortium set up by Centrum Financial Services and BharatPe to acquire the beleaguered co-operative bank.The resolution process for Punjab and Maharashtra Co-operative (PMC)…
Equitas SFB launches ASBA facility
Customers can now directly participate in primary markets through the ASBA facility and avail the benefit of high savings account interest until the date of allotment of shares.Equitas Small Finance Bank (Equitas SFB) on Wednesday…
Retail loan margins thin, won’t take risks higher than appetite: Sumit Bali, group executive &…
Sumit Bali, group executive & head - retail lending, Axis BankRetail lending has recovered well from the lows seen in April-May, but supply-side issues are hurting auto loan growth, Sumit Bali, group executive and head – retail…
Foreign banks vie for bigger slice of home loan market
Balance transfers have turned out to be a preferred option for foreign banks as they are easier to source. They are considered safer, too, as the lender gets a snapshot of the borrower’s repayment track record.Taking advantage of record…
