“The credit card books and the personal loan book will start to grow gradually and that would support the overall retail growth and should be in the range of 15-16% which could be seen one of the highest in the sector,” says Rahul Malani, Mirae Asset Sharekhan. Any specific reason why Kotak Mahindra Bank had … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a 25 bps reduction in repo rates to 6% from 6.25% and has also shifted its stance from ‘neutral’ to accommodative. With this, it is expected that the home loan rates might go down. So far, home loan borrowers are experiencing a positive year … Read more
State Bank of India (SBI), the country’s largest lender, has ceased its Amrit Kalash fixed deposit (FD) scheme, which was earlier available for a limited period. This scheme offered a notable interest rate of 7.10% per annum for regular investors and a higher rate of 7.60% for senior citizens on a 400-day deposit. According to … Read more
Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
SBI Mutual Fund and State Bank of India have collaboratively introduced JanNivesh SIP, a versatile SIP option starting at only Rs 250 with daily, weekly, and monthly investment plans available. This initiative aims to empower first-time investors and small savers residing in rural, semi-urban, and urban areas to participate in mutual fund schemes. Initially, investors … Read more
Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, has made a complete exit from Mazagon Dock from its portfolio in January and has reduced its stake in Cochin Shipyard and HUDCO before Budget.Around 4.21 lakh shares of Mazagon Dock were sold from the portfolio in January. The small cap fund reduced … Read more
Nearly 748 companies will announce their quarterly earnings this week. Key results to watch out include from Asian Paints, Titan, Airtel, Power Grid, Divi’s Labs, Tata Power, Torrent Power, Info Edge, Swiggy, SBI, ITC, Trent, Britannia, LIC, M&M, NHPC, Oil India among others. Here’s what to look forward to on the earnings front: February 3 … Read more
The Indian banking sector continues to demonstrate resilience and adaptability, navigating a dynamic economic environment with steady growth in credit, deposits, and profitability. Despite certain challenges, particularly in the unsecured retail and microfinance institution (MFI) segments, the sector’s overall outlook remains positive, underpinned by strong fundamentals and operational efficiency. Projected credit growth for FY25 is … Read more
Thinking about getting your hands on the iPhone 16? Now might be the perfect time! Amazon has a sweet deal running that makes upgrading more affordable. Here’s the scoop: the iPhone 16, originally priced at Rs 79,900, is now available for Rs 77,900. No extra bank discounts or coupon codes are needed for this base … Read more
The all-familiar vendor’s cries of ‘chaai’ and ‘samosa’ are missing on this train. Instead, words like ‘startup’, ‘business plan’ and ‘SWOT analysis’ are bandied about in the AC chair car coach. Elsewhere, in another, an antakshari is in progress, with participants breaking into a rendition of ‘Kabhi Kabhi’ in unison. Life inside the Jagriti Yatra … Read more