16 C 
NBFCs raise funds via ECB route as banks tighten loan pipeline
Top rated NBFCs asked to maintain at least 25 per cent of overall liabilities via capital market route
Parliamentary panel advocates automated compensation process for banking fraud victims
Present system, as prescribed through RBI circular dated July 6, 2017, there are two conditions when a customer has zero liability in case of unauthorised transaction
3 mutual fund NFOs will open for subscription this week
Three mutual fund NFOs will open for subscription this week as mutual fund houses launch new funds to complete their offerings.
Invest in Ambani, Adani stocks with Aditya Birla SL Conglomerate Fund NFO. 10 things to know
The New Fund Offer (NFO) of the scheme is open for subscription and will close on December 19.
RBI introduces podcast as tool for wider dissemination of useful information
RBI Governor Shaktikanta Das said that podcasts will help explain things simply among the wider section of the society
Bitcoins tale of success sans substance
Over 15 years since introduction, it is still unclear whether the crypto asset is a currency/store of value, payments innovation or the speculators nirvana
SBI and HUDCO among 5 PSU stocks Quant Small Cap Fund bought in November
In November, the smallcap fund boosted its holdings in 11 stocks, including Aditya Birla Fashion and Retail, Afcons Infrastructure, Aster DM Healthcare, BASF India, Bayer CropScience, Gujarat State Fertilizers & Chemicals, Jio Financial Services, Minda Corporation, RBL Bank, Reliance Industries, and Sequent Scientific
Goldman decides to leave worlds top climate alliance for banks
Goldman said in a statement on Friday that its very focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world
$350 million ADB loan approved to enhance India logistics and exports
This transformation is expected to not only reduce costs and improve efficiency, but also create employment opportunities and promote gender inclusion--driving sustainable economic growth
In a regular SIP, investors contribute a fixed amount at regular intervals, such as monthly or quarterly, regardless of market conditions. When starting a regular SIP, investors must choose the contribution amount, tenure, and investment frequency. Once set, the contribution amount cannot be changed during the investment tenure.
CRR cut by RBI expected to provide support to Net Interest Margins of banks: Report
The report highlighted that this move would help improve liquidity conditions while also supporting the broader economic growth agenda
RERA: A father from Panvel, Navi Mumbai purchased a flat for his family legacy however the developer despite taking about 97% of the money failed to deliver the flat. Hence the homebuyer filed a case with Maharashtra State Consumer Commission. However during the course of this court proceedings both the homebuyer and the builder died. Hence the builder and the homebuyer's son continued their father's case. Ultimately NCDRC, New Delhi solved this case and ruled in the homebuyer's favour.
Top 1-year FD rates: Get 8.05% interest on FDs maturing in a year; check full list of banks
Fixed deposit: You can get up to 8.05% interest rate on fixed deposits in various private sector banks. This high rate of interest is applicable for individuals aged below 60 years of age and for deposits worth less than Rs 3 crore. Read here to know the latest bank FD rate.
Is masked Aadhaar valid everywhere? Know how to download and use masked Aadhaar to avoid frauds
Masked Aadhaar: You can download and use 'Masked Aadhaar' to prove your identity and protect your privacy and avoid frauds. This is because masked Aadhaar hides the first eight characters of Aadhaar and shows only the last four digits. A masked Aadhaar card cannot be used to apply for government schemes or to access benefits offered through Direct Benefit Transfer (DBT) under various welfare schemes, says Yatharth Rohila.
CRR cut could reduce lenders cost of funds, say senior bankers
CRR cut positive for banks as their profits on mark-to-market portfolio will improve significantly
Pytms wholly-owned Singapore unit approves stake sale in Japans PayPay
Company confirms transaction post Indian stock exchanges query on the same
Liquidity to remain tight over next few months: RBI Governor Das
RBI does not see systemic stress building in MFI sector, says Dy Governor Swaminathan
No rate cut as MPC strives to restore balance between inflation and growth
The RBI lowered its FY25 real GDP growth projection to 6.6% from the earlier projection of 7.2%
Bajaj Finserv Healthcare Fund NFO open for subscription. Important things to know
The goal is to achieve long-term capital growth by primarily investing in equity and equity-related securities of companies in the pharma, healthcare, and allied sectors.
PM Vidyalaxmi scheme: Check loan amount, interest rate and eligibility criteria
The PM Vidyalakshmi scheme is available to all those students who secure admission in the top 860 Quality Higher Education Institutions in India, designated by the National Institutional Ranking Framework. While students from all income groups are eligible to get an education loan, and there is no upper limit on the loan amount, students who are already receiving other central or state government scholarship will not be eligible for this scheme. Read on to know how you can avail the benefits of PM Vidyalakshmi scheme.
RBI proposes credit line access on UPI for Small Finance Banks
RBI to constitute a committee to develop a Framework for Responsible and Ethical Enablement of AI in the financial sector.
Tax-saving investment: Top 5 ELSS funds with up to 23.40% returns in 5 years
FD to home loan to UPI to foreign exchange: Key RBI MPC announcements to know
RBI MPC: What mutual fund experts say on this 11th rate pause by RBI?
RBI kept the key rate unchanged at 6.5%. Debt funds benefit from this, while equity funds may see a boost in 6-8 months due to increased liquidity. Rate cuts are expected in February, potentially benefiting moderate duration debt funds.
RBI to deploy AI for hunting down mule accounts
The Reserve Bank is currently running a hackathon on the theme Zero Financial Frauds which includes a specific problem statement on mule accounts, to encourage development of innovative solutions to contain the use of mule accounts
RBI to constitute a committee to develop ethical AI framework for financial services
The committee will comprise of experts from diverse fields and shall recommend a robust, comprehensive, and adaptable AI framework for the financial sector
NRI deposits: The Reserve bank of India has announced that it has increased the interest rate ceiling on Foreign Currency Non-Resident Account FCNR(B) deposits. Consequently, banks are allowed to raise new FCNR(B) deposits as of today, December 6, 2024.
RBI reduces CRR to 4% to ease anticipated liquidity stress
This reduction will release primary liquidity of about 1.16 lakh crore to the banking system
RBI raises interest rate ceiling on FCNR(B) deposits to attract capital flows
Move comes in wake of Indias forex reserves dipping from all-time high of $704.89 in September to $656.582 billion in November
The Reserve Bank of India (RBI) has proposed to link the FX-Retail platform with Bharat Connect platform of National Payments Corporation of India (NPCI).
RBI may ease policy Friday through liquidity if not rates, analysts say
Inflationary pressures may make the central bank reluctant to cut interest rates just yet
NBFC-MFIs likely to see subdued disbursements and a sharp moderation in AUM growth to 0- 5% in FY25
The sectors profitability is expected to face significant headwinds in FY2025 due to rising credit costs, which is expected to be at 5.4-5.6 per cent for FY25
PM Surya Ghar Muft Bijli Yojana: Eligibility, how to register and apply
The revised scheme is also applicable to senior executives in the rank of Chief Manager and above
These altcoins have a high ROI potential in 2025
Pepe Unchained, an upcoming meme coin, aims to revolutionize the meme coin market with added utility. Its Layer-2 blockchain promises faster and cheaper transactions. The presale is ending soon, and investors are eager to participate. FlockTopia DAO, another project, is building influential communities through its $FLOCK presale.
Bitcoin breaks six digits; reaches $100,000 milestone
Industry experts note that as Bitcoin surpasses $100,000, the breakthrough will prompt institutions, companies and countries to take Bitcoin and crypto more seriously.
Stock market investors: In a recent circular, SEBI mandated that a stock broker upload the same mobile number or email address for more than one client, in case both the clients belong to the same family, only if a client makes a written request. The rule will come into effect immediately. Know more about how you can use your number to continue operating demat accounts that are registered in the name of your family members.
Investment planning: How to invest Rs 20 lakh for 5-7 years for steady returns ?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Meme coin presale: Pepe Unchained eyes exchange listing after raising $64 million
Pepe Unchained ($PEPU) presale, raising over $64 million, is nearing its end. This Layer-2 blockchain aims to solve Ethereum's inefficiencies for meme coin trading. With a DEX, token bridge, analytics platform, and developer grants program, Pepe Unchained fosters innovation and community growth. The presale offers $PEPU at a discounted price, attracting investors seeking utility-driven meme coins.
Moodys Ratings changes global outlook for banks to stable from negative
The rating agency expects most G-20 economies to move from cyclical recovery to slower but sustainable rates of growth in 2025 amid monetary easing
Retirement Corpus Calculator: In retirement planning through investment, two important factors are to know the amount you require at the time of retirement and the monthly investment or lump sum investment you need to make to achieve that goal.
Bandhan Mutual Fund files draft document with Sebi for quant fund
Bandhan Mutual Fund has filed a draft document for Bandhan Quant Fund, an open-ended equity scheme using AI/ML for stock selection. The fund aims to generate medium to long-term capital appreciation and will be benchmarked against BSE 200 TRI.
BL Explainer: How the amended Banking Laws impact you
In a key amendment, depositors can now nominate up to four individuals for their bank accounts or fixed deposits, enhancing customer convenience and addressing the issue of unclaimed deposits
Returns from SGB investment: If you want to invest in Sovereign Gold Bonds by buying them from stock market such as the NSE and BSE, it is important to understand how much you will gain from them. Analysts are of the view that there will be no more SGB issuances in the future.
How to check if your PAN card is active or not: Where to check, penalty to pay and more
SBI Chief Setty wants branch staff to ask for deposits
This comes amid intense competition for savers money from relatively higher yielding investment alternatives, Combo deposit product in the works
Bitcoin tops $100,000 for first time on optimism over Trumps pro-crypto plans
Bitcoin has more than doubled in value this year and is up about 45 per cent in the four weeks since Donald Trump's sweeping US election victory
Set-off clause in 'Skin-in-the-Game' rules softens blow for MF executives
The Securities and Exchange Board of India's (Sebi) policy that came into effect in October 2021 required senior officials and the investment team of mutual funds to lock in 20% of their take-home salary in schemes managed or overseen by them to help align the interests of key employees with those of the unitholders.
Climate change risks have started to impact financial system: RBI Deputy Governor Rao
It is essential to build capabilities to ensure correct assessment of these risks and put in place suitable adaptation and mitigation measures, he said.
Foreign Banks expect liquidity easing measures by MPC on Friday
HSBC Global Research sees likely 50 basis points cut in CRR; first repo rate cut in February 2025
Yield of benchmark 10-year G-Sec plummets to three-year low, Rupee dips to record low
There are expectations that the RBI will announce measures to improve liquidity as it is likely to turn tight later this month due to GST and advance tax outflows
RBI enhances limit for UPI Lite payments
Top 5 mid-cap funds with up to 32.25% returns in 5 years
Samco Multi Asset Allocation Fund NFO is open for subscription. Key things to know
The new fund offer (NFO) for the scheme opened for subscription on December 4 and will remain open until December 18. It will reopen for continuous sale and repurchase starting January 1
Stocks to buy: Top 5 income generators, most widely held stocks and more
Analysts hint at a new blockchain contender: Could it outpace Bitcoin and Ethereum in 2024?
Lightchain Protocol AI is emerging as a strong contender in the blockchain arena, challenging Bitcoin and Ethereum. Its Proof of Intelligence consensus mechanism and AI Virtual Machine offer enhanced scalability, sustainability, and interoperability.
Eighth Pay Commission: Over one crore central government employees and pensioners are eagerly waiting for the formation of the 8th Pay Commission. Will it be implemented anytime soon? See what the government has to say on this.
15 mutual fund NFOs are open for subscription now
NFOs are currently available for subscription.
These 3 mutual fund categories offer over 40% return in one year
SBI Quant Fund NFO opens for subscription. Key things to know
GDP growth slowdown is a blip, advances have grown well in Q3 so far: SBI Chief Setty
Barring some pockets such as personal loans, where the entire system is witnessing a slowdown, we have seen good growth on the credit side in agriculture, SME and corporate book, says SBI Chairman Setty in an interaction with businessline
RBI's MPC meeting begins today, all eyes on central bank action on rising inflation
Chaired by RBI Governor Shaktikanta Das, the three-day meeting will run from December 4 to December 6, with the Governor announcing the policy decisions on Friday, December 6
ET In The Classroom: Ultra Short Term Funds
Macaulay Duration measures the time it will take for the principal of a bond to be repaid from the internal cash flows generated by the bond. Currently, the industry has 25 schemes that manage assets of `1.07 lakh crore.
Quant MF hires CEO, appoints other senior executives
In a letter addressed to investors, the fund house said, We have closed the appointment of chief executive officer, who is someone with a strong regional and global experience. We expect the CEO to join us by April 2025. Quant did not disclose the identity of the incoming CEO.
Half of SHGs, many farmers still lack formal credit links: RBI Deputy Governor
Swaminathan highlighted the importance of developing Potential Linked Credit Plans and district-level strategies to meet these underserved segments financial needs
CCI approves MUFG Banks stake buy in Shiprocket
Competition watchdog also approves subscription to optionally convertible debentures of GMR Infra Enterprises by ADIA-owned Platinum Stone A 2014 Trust
Retirement Planning:It's never too late to start planning for your retirement. You can begin building your post-retirement corpus whenever you choose. The key is to make a plan and start accumulating funds for your retirement. By doing so, you ensure that in your old age, you won't have to rely on anyone else for your daily expenses.See how much your Rs 20K monthly SIP investment will grow in 20 years at 12%, 13%, 14% and 15% return
LS passes Banking Laws (Amendment) Bill allowing 4 nominees in bank accounts
The bill proposes to increase the tenure of directors (excluding the chairman and whole-time director) in cooperative banks from 8 years to 10 years
Fidelity International elevates India head for global role
In his new role, Jetly will bring the Technology and Operations functions to work in tandem across the globe for Fidelity Internationals GPS business
Trade finance fintech Modifi to invest more in Indian operations
As part of its strategy, Modifi will invest a significant portion of its recently raised $15 million Series C funding to fuel this growth, focusing on deepening local operations
The eDaakhil portal has a provision for the online filing of consumer complaints in the Consumer Commissions. To file a case with eDaakhil, the user must register himself/herself on the eDaakhil portal with a valid email ID. There is no fee on filing consumer complaints which have a value of up to Rs 5 lakh. Read on to know how you can file and track your complaint on eDakhil.
Stocks to buy this week: 5 stocks to watch out for an upside of up to 81%
Rexas Finance presale stage eight sells out weeks ahead of schedule
Rexas Finance has raised $20.75 million through its token presale. The token price increased from $0.03 to $0.125. The platform allows for the tokenisation of real-world assets like real estate and gold. It includes tools for easy asset tokenisation and secure asset management. Their CertiK audit ensures security. Rexas Finance focuses on decentralisation and broader participation.
FD interest rates up to 8%: This bank revises fixed deposit interest rate
FD interest rates up to 8%: Karnataka Bank has revised its FD rates starting December 2, 2024. Senior citizens are eligible for an additional 0.25% interest rate over and above the general rates. The bank is offering the highest interest of 7.5% on its FD with a tenure of 375 days. Read on to know more about the interest rates offered on FDs of various tenures and the penalty applicable on premature withdrawals.
CoinDCX announces 50 crore R&D for Indian crypto custody solution
Announced at the Unfold 2024 Web3 event, Bharat Custody aims to enhance investor trust through a secure third-party custody service that aligns with local compliance standards
Three upcoming crypto tokens for 2025
Promising new altcoins like Crypto All-Stars (STARS), Flockerz (FLOCK), and Best Wallet (BEST) are attracting investor interest. These coins offer unique features like passive income from meme coins, vote-to-earn models, and self-custodial wallets. Their ongoing presales have raised significant amounts, suggesting potential future growth.
Why Catslap is capturing the attention of meme coin enthusiasts
Catslap ($SLAP), an Ethereum-based meme coin, skyrockets over 2000% within 48 hours of listing. With fair launch principles and robust tokenomics, it aims to capture the cat coin niche, promising high returns. Its team holds a vested 10% supply, ensuring long-term commitment, while extensive marketing campaigns are planned.
RBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make the activation process of such accounts smoother. Some of the ways suggested by the apex body include enabling seamless updation of KYC through mobile/internet banking, non-home branches, video customer identification processes, etc. If you also have an inoperative account, here are a few steps you can take to activate your accounts in these banks.
Quant Mutual Fund close to fully deployed, betting on market revival
With recent macroeconomic and corporate earnings data showing improvement and the market beginning to show signs of revival, Quant Mutual Fund believes it is nearing full deployment.
NFO Alert: Bajaj Finserv Mutual Fund launches healthcare fund
The New Fund Offer (NFO) for the scheme will be open for subscription from December 6 to December 20. The scheme will resume continuous sale and repurchase within five business days after the allotment date.
3 steps to achieve target corpus of Rs 1 crore
SIP investments help achieve long-term goals. To calculate the required monthly SIP for a target corpus, consider inflation, expected returns, and time frame. Use Excels PMT formula for accurate calculation.
If you have missed the November 30 deadline for submitting life certificate, your pension payment will be interrupted from this month. To avoid delay in pension payment, you must submit your life certificate as soon as you can. A step-by-step guide on how you can submit Jeevan Pramaan online and offline.
EPFO ELI deadline: The last date for UAN activation to get benefits under the ELI Scheme expired on November 30, 2024. If you are an EPF member and are eligible for ELI benefit but missed the deadline, then you may wonder if you will get another chance. ET Wealth online asked experts if EPF members will get another chance to claim benefits.
Three cryptos to keep an eye on for the next bull run in 2025
A new turbocharged bull run seems to be underway, with three promising crypto picks: Crypto All-Stars ($STARS), Flockerz ($FLOCK), and Best Wallet ($BEST). Still in presale stages, they offer higher upside potential, combining community engagement, utility, and innovative functionalities. Their presales have already garnered significant investments.
KSCAA writes letter to tax dept about taxpayers being wrongly charged late penalty for ITR filing
Income tax department: KSCAA has reported that the tax department has been erroneously processing many income tax returns (ITRs) and even imposing late filing fees of Rs 5,000 in cases where the ITR was filed before the deadline expired. Our representation to the Central Board of Direct Taxes highlights critical systemic issues in income tax return processing that are causing undue hardship to taxpayers and professionals, says CA Vijaykumar M Patel.
Three altcoins to explore as a new investor and make your first bull run count
Bitcoin's rally is accompanied by new altcoin pumps, with Pepe Unchained building a Layer-2 blockchain for meme coins and running a presale just past $60 million. Catslap launched its meme coin, featuring a unique slapping game, and Flockerz promotes community participation through a vote-to-earn model in its DAO.
These altcoins are primed for a surge in the 2025 bull run
Bitcoin's prominence has pushed altcoins into the spotlight, with Catslap ($SLAP), Best Wallet ($BEST), and Flockerz ($FLOCK) showing significant potential. Catslap has surged in market value, Best Wallet is improving user security and adoption with its native token presale, and Flockerz champions community-driven governance through a vote-to-earn model.
Over the past nine months, Quant Mutual Fund has strengthened its senior management team with the appointment of seven new executives, including a new CEO. The fund house reiterated its dedication to providing superior risk-adjusted returns to its investors, backed by a dynamic approach to money management.
