Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits
Small finance banks need to widen deposit base by Rs 60,000-cr over next two years to maintain borrowings: Report
Small Finance Banks might face challenges in tapping the capital markets, the report said.
I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices
It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back.
Moody’s lowers India’s outlook to ‘negative’ from ‘stable’; cites increased risks to economic growth recovery
If nominal GDP growth does not return to high rates, Moody's expects that government will face very significant constraints in narrowing general budget deficit and preventing a rise in debt burden
The Odisha Finance Secretary has written the letter to departments asking them to keep in mind the norm that in the eventuality of closure of any bank the deposits are insured only up to Rs 1 lakh and not beyond that, said reports.
RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process
After over a dozen public sector banks, including State Bank, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank governor Shaktikanta Das Monday stressed on the need for the entire system switching to this model, saying such a moved can speed up the monetary transmission process
If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s why
The banks have room for further reduction of at least 80 bps in their lending rates if these entities choose to pass on the full benefit of the RBI rate cuts to the end-borrower.
Alpha (capital appreciation) will surely occur, there is no need to shy away from equity,\
Benami hunt: Why Narendra Modi govt's latest move could spring a surprise on detractors of demonetisation
Action under the benami law for deposit of demonetised notes disabuses the naïve notion that all bank deposits automatically become sanitised and legit
Demonetisation: Nullifying non-deposited currency was not the only aim, says finance minister Arun Jaitley
Arun Jaitley said the larger purpose of the demonetisation was to remove the anonymity of the owner of cash and to move India from a tax non-compliant society to a compliant society.
RBI says 99.3% of demonetised currency is back: What went wrong with the government's black money hunt
RBI says 99.3 percent of about Rs 16 lakh crore in the form of the banned Rs 500 and Rs 1000 notes have found their way back into the banking system
On an outstanding basis, public sector banks held around two-thirds of total deposits, the RBI said.
FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go broke
The government could have retained the FRDI Bill, tweaking the controversial provisions
Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback
In 2015, the money held by Indians in Swiss banks had fallen by nearly one-third to CHF 1,217.6 million (over Rs 8,000 crore). Prior to that, these funds fell by 10 percent to CHF 1.8 billion in 2014, after a rise of 43 percent in 2013 to CHF 2.03 billion, the report added.
Household savings coming into bank deposits, life insurance funds and shares increased manifold: Economic Survey
Economic Survey says mutual funds witnessed an inflow of over Rs 2.53 lakh crore savings in April-October period of current fiscal
Demonetisation of high value notes during the last November-December period, led to a massive spurt in cash deposits forcing RBI to ask banks to park the excess funds with it and draw interest on them
FRDI Bill unlikely to be tabled during budget session as joint committee looking into it seeks extension
FRDI Bill proposes to create a framework for overseeing such financial institutions as banks, insurance companies, NBFC and stock exchanges in case of insolvency