Bulk deposit pricing to be more transparent, flexible
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to…
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions. These determine whether deposits qualify as bulk…
Today’s wisdom is simple and practical in how you prefer it. Keep it simple. The Moon creates mental clutter and Mercury as your ruler can transform that clutter into overthinking if you allow it. Don’t try to resolve five problems before breakfast.One task at a time will get you further than a list of tasks…
MUMBAI: Tata Trusts has demanded petitioner Suresh Tulsiram Patilkhede and his lawyer Katyayani Agarwal withdraw allegations of impropriety over a 37-year-old transfer of 833 Tata Sons shares, seeking Rs 1,000 crore in damages for reputational harm and causing distress. The charitable organisations sent notices to both, saying transfer of shares from Navajbai Ratan Tata Trust…
NEW DELHI: The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements.The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finished…
Keep your cards close today. That’s the first rule. The Sun gives you pride and presence, yet Saturn and Mars stir hidden opposition, so not everyone smiling at you is cheering for you. Some people might challenge your patience or your plans, even your confidence on the outside.There is no need to react to every…
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
BENGALURU: Australian data centre operator AirTrunk has committed $30 billion to develop 5 gigawatts (GW) of data centre capacity in India by 2030, marking one of the largest investments in the country’s digital infrastructure sector and positioning India as a key hub for global AI and cloud infrastructure spending.The investment is expected to significantly bolster…
MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds….
Filmmaker Madhur Bhandarkar has heaped praise on Ranveer Singh’s performance in Dhurandhar, going so far as to say that the actor deserves a National Award for his work in the film. In a recent interview, Bhandarkar also lauded director Aditya Dhar, calling Dhurandhar a landmark film that has changed the grammar of Indian cinema.Bhandarkar revealed…
You might find yourself attracted to prayers, a temple trip or reading a book in silence or sitting in a quiet place for ten minutes prior to when the home wakes up. That pull is real. The Moon softens your mood today, and Jupiter strengthens faith, so your mind seeks meaning instead of noise.There’s a…