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Cryptocurrency scams, hacks cause a $1.2 billion loss in 2024
Ethereum is the most targeted blockchain with over $228 million lost and centralised exchanges (CEXs) are primary targets for hackers, accounting for over 50% of the stolen funds
Finance Ministry unveils PLI scheme for senior executives of public sector banks
The revised scheme expands umbrella to cover senior executives in the rank of chief manager and above
Top 5 mid cap funds with up to 30.85% returns in 5 years
What is Gold Silver Ratio? What current levels signify?
Gold silver ratio can be used a metric to know the likely trend for the precious metals going forward.
Equity mutual funds deliver up to 55% return in one year. Do you own any?
ETMutualFunds analyzed 261 equity mutual funds and found that some have delivered impressive returns, with up to 55% growth in the past year. The top performers include Motilal Oswal Midcap Fund, which gained 54.94%, Invesco India Focused Fund with 49.56%, and Bandhan Small Cap Fund with 49.26%. These funds stand out for their strong one-year returns.
Attrition rates in private sector banking industry have been significantly high: RBI study
If banks lose talented employees, especially at the junior and frontline levels, they are not just losing people they are losing experience, customer relationships, and operational continuity: RBI Deputy Governor
Latest 22K gold rates today: Purchasing hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price. Let's examine the prices of 22 karat gold of a few famous jewellery brands in India as of November 20, 2024.
Latest lending rate of HDFC Bank, SBI, PNB, YES Bank, Bank of Baroda, IDBI Bank in November
Goods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit procedures like its final report in GST-ADT-02 form and Notice for Discrepancy to be issued offline. However by December 31, 2024 the same notice and audit report will be uploaded on the GSTN portal.
What PPFAS Mutual Fund bought and sold in October
PPFAS Mutual Fund manages an asset base of Rs 93,354 crore as of October 2024 and has around 6 mutual fund schemes.
How to activate Paytm UPI international to pay in UAE, France, Singapore using Paytm app
FD premature withdrawal charges of top banks: Banks allow customers to make premature withdrawal of fixed deposits (FD), but usually with a penalty. Here is a look at the penalty charges of SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank, Bank of India and Yes Bank for premature withdrawal of FD. (Information as per banks websites as on November 20, 2024).
Boost your wealth with SIP top-ups! Incremental increases in your SIP contributions can align investments with income growth, helping you achieve financial goals faster and maximize long-term returns.
ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has reduced the time limit for applying for condonation of delay. This condonation of delay request is filed by a taxpayer to claim old income tax refunds and carry forward of losses and set off.
KYC implementation a major area of concern: RBI Dy Guv Swaminanthan
RBIs root cause analysis indicates a set of issues, including high pendency at bank level in periodic update of KYC details of the customers
Top seven coins under $10 to buy now for the upcoming altcoin season
Several cryptocurrencies priced under $10, including Rexas Finance, Shiba Inu, and Cardano, are attracting investors seeking significant returns during the anticipated altcoin season. These tokens offer diverse opportunities, from real-world asset tokenization to meme-coin innovation and blockchain scalability solutions. With strong presale momentum, strategic partnerships, and growing community support, these cryptocurrencies are well-positioned for substantial growth in the coming months.
RBI cautions public on deepfake videos of its Top Management being circulated over social media
RBI clarified that its officials are not involved in or support any such activities
Retirement Planning:Whether you're a salaried employee, a small business owner, or an individual, planning for retirement is essential.There are numerous options available for building a strong retirement corpus, and one highly effective strategy is investing in mutual fund SIPs.If you want to build a retirement corpus of Rs 8 crore with Rs 25,000 monthly SIP, then you have to plan and investstrategically. Know how:
Banks, MFs compliment and not compete with each other
When mutual funds are trying hard to tap beyond the top 30 cities, there is so much work that needs to be done in the top cities itself
NPCI yet to decide on imposing 30% UPI market share cap by 2024 end
PhonePe and Google Pay continue to dominate the UPI market share
Health Insurance Premium Calculation: Health inflation is rising faster than retail inflation. So, the cost of treatment is getting higher with each passing day. Having a health insurance policy amid such a scenario is a must. But which health policy can help you save more money- the one with an annual premium plan or the one that offers a multi-year premium?
Received approval to raise $1 billion via ECBs, says Muthoot Finance MD
NBFC does not partner with any fintech for gold loan biz
What HDFC Mutual Fund bought and sold in October. Heres a breakup
The fund house had an AUM of Rs 7.84 lakh crore in October 2024, managing 132 mutual fund schemes.
Bandhan Life expands national footprint with launch in northern India
Life insurers products to be available at142 Bandhan Bank branches across Delhi; to expand footprint in more Northern States in coming days, saysIndranil Dutta, Chief Business Officer-Bancassurance
SBI 1-year FD vs HDFC Bank 1-year FD vs Canara Bank 1-year FD: Senior citizens who want to invest for the short term can opt for 1-year fixed deposit schemes (FDs). State Bank of India (SBI), HDFC Bank, and Canara Bank offer the 1-year FD to general as well as senior citizens. Know which of them is offering the highest interest rate.
ICICI Prudential Equity Minimum Variance Fund opens for subscription. 10 things to know
ICICI Prudential Mutual Fund launched ICICI Prudential Equity Minimum Variance Fund, an open-ended equity scheme. The NFO is open from November 14 to December 2. The fund aims to generate long-term capital appreciation while minimizing portfolio volatility. It will be benchmarked against Nifty 50 TRI.
NFO Alert: PGIM India Mutual Fund launches healthcare fund
PGIM India Mutual Fund launched PGIM India Healthcare Fund, an open-ended equity scheme focused on healthcare and pharmaceutical companies. The NFO is open from November 14 to December 3. The fund aims to capitalize on India's growing healthcare sector, driven by factors like low cost, innovation, and rising health insurance awareness.
Adani Enterprises, Nestle among 16 new stocks added by mutual funds in October
Quant vs PPFAS Mutual Fund: Two fund houses are taking opposite cash calls amid market correction
Quant Mutual Fund is seizing the opportunity presented by the Nifty50's 9% decline, increasing its investments while decreasing its cash holdings. Conversely, PPFAS Mutual Fund is accumulating cash, reaching a 19.86% cash position, to strategically deploy funds when attractive valuations arise.
Income tax relief: The income tax department has released new rules for granting condonation of delay requests in filing specified forms. These forms are used to apply for lower rate of income tax by various taxpayers like trusts, institutions, corporates, etc. Read here to know more about how to claim income tax relief.
Rajeev Thakkar of PPFAS Mutual Fund explains the problem with sectoral mutual funds
Rajeev Thakkar of PPFAS Mutual Fund argues that investors are better off sticking to diversified equity funds. He cautions against the allure of sectoral funds, which often attract investments when a sector is already performing well, leading to subpar returns.
Government plans minority stake sale in 4 PSU banks, source says
The government owns more than 93% in these banks and plans to dilute its stake through an open market sale
Private banks misreporting complaints as queries, says RBI Governor Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das criticized private sector banks for their handling of customer complaints at a Mumbai conference. Das expressed concern over the misclassification of complaints as queries and urged banks to prioritize customer-centricity over profit, emphasizing ethical conduct and robust grievance redressal mechanisms.
JAM, UPI, ULI redefining Indias fintech ecosystem: RBI Innovation Hub CEO
He highlighted that Aadhaar, which provides a digital identity to over 1.3 billion people, and AEPS have made secure banking accessible even in remote villages
FM unveils specially minted 100 commemorative coin to mark centenary of SBIs Horniman Circle Branch
Sitharaman said, From 100 branches at the time of the 1920 amalgamation to 22,640+ branches today, with plans to add 500 more in FY25, SBI continues to expand its reach
SBI raises 10,000 crore via infra bonds
Also concluded issue of $500 million at 5.125 per cent coupon, payable semi-annually
Need to be extremely careful on regulating cryptocurrencies: DFS Secretary
Lenders must find alternate avenues to raise funds, rather than relying entirely on bank deposits
Bank interest rates will have to be far more affordable : FM
Finance Minister Nirmala Sitharaman emphasizes the need for affordable bank interest rates to boost industries and economic growth
Top 10 cryptos to watch as the market hints at a supercycle
The cryptocurrency market is on the verge of a supercycle, with several digital currencies poised for significant growth. These cryptocurrencies, including Rexas Finance, Chainlink, and Polkadot, are driven by real-world use cases, technological advancements, and strategic developments, making them promising investment opportunities for those seeking substantial returns.
3 lucrative ways to invest in real estate as we are set to enter New Year
As the new norm, you now need to own a significant amount to get into real estate investments and can go for options such as fractional ownership among others.
Debt mutual fund inflows reach Rs 1.57 lakh crore in October
The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi).
Dogecoins popularity expected to grow in India amid global surge
As per data sourced from CoinMarketCaps website, Dogecoins volume increased from $6.24 billion on November 10 to $28.32 billion on November 12
Banks cautious on signing co-lending pacts on tech integration, underwriting concerns
NBFCs co-lending AUM was nearing 1 lakh crore in April, after 5 years of existence
Trumps ally Lummis pushes to sell some of the Federal Reserves gold to buy Bitcoin
Republican Senator Cynthia Lummis bill would greatly expand the scope of what Trump so far has indicated is his plan for a strategic Bitcoin reserve
Gold price sparkle continues to diminish, down Rs 5,000/10 gm in 1 week: Good time to buy Gold ETFs?
As per the AMFI website, Gold ETFs are represented by 99.5% pure physical gold bars. These can be be bought or sold anytime through a stock broker and can be sold and bought at the same rate across India.
SBI seeks $1.25 billion in Indias largest bank loan of 2024
CTBC Bank, HSBC Holdings Plc and Taipei Fubon Bank are arranging the five-year loan, which carries an interest margin of 92.5 basis points over the risk-free Secured Overnight Financing Rate
