You may spend ₹30,000 on your credit card every month and see your credit score take a hit, while a friend spending the same amount sees no such impact. The…
Category: Banking And Finance
Crude oil, uneven monsoon pose risk to banks despite benign asset quality: Report
New Delhi: Higher , an uneven monsoon and in five states could pose risks to the of , even as remain benign, according to a report by . The report…
Gold, silver prices today, 9 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices: The price of the yellow metal in India’s retail market rose on Wednesday, 9 October, after US President Donald Trump said the US will not attack…
Bank profits may rise 25% in Q2FY27, margins to recover gradually in second half: Report
New Delhi [India], October 9 (ANI): Indian banks could report a 25.4 per cent year-on-year rise in net profit in the July-September quarter, even as higher deposits raised through foreign…
Paying rent for yourself and parents? Know if you can claim HRA for more than one property
House rent allowance (HRA) can be a key tax-saving component of a salaried employee. However, tax exemption on this allowance is available only under the old tax regime, meaning employees…
8th Pay Commission salary: How 3.833x vs 4x fitment factors could mean ₹3,006 monthly basic-pay gap
The 8th Pay Commission concluded its meeting in Bengaluru yesterday, 8 October. The Commission has its next meeting in Mumbai starting 22 October. The Commission has already held meetings in…
IRDAI may roll out insurance commission caps from January, overhaul distribution rules
India’s insurance regulator is considering implementing changes to the insurance distribution system as early as January next year, moving ahead with an overhaul that has triggered a sharp selloff in…
Investing in corporate bonds through OBPPs: How to read SEBI’s new mutual fund-like credit risk-o-meter—experts explain
If you invest through Online Platform Providers (OBPPs), a new risk-o-meter will help you analyze the credit risk of corporate bonds and other debt instruments. According to a circular released…
Surging bond yields likely to slash banks’ treasury income
Mumbai: Banks are expected to post a nearly 60% fall in treasury income for the July-September quarter from a year earlier due to a sharp increase in . Analysts at…