"Where Facts Speak Louder."
Mumbai: The Reserve Bank of India (RBI) Friday raised by ₹2 the ceiling on the fee lenders can charge customers for ATM cash withdrawals to Rs 23. This maximum fee is applicable from May 1.“Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction,” the RBI said late…
New Delhi: The output of eight key infrastructure sectors slowed down to a five-month low of 2.9% in Feb as against 7.1% growth registered a year ago, according to official data released on Friday. On monthly basis, the production growth of the core sectors was lower than 5.1% expansion recorded in Jan.The previous low level…
Mumbai: Ahead of a likely rate cut by RBI, even as liquidity remains scarce, veteran banker Uday Kotak has raised concerns over the banking business model, highlighting the narrowing spread between deposit and lending rates.Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over…
New Delhi: Tata’s Air India Group has started preparing for the long-haul low-cost challenge that rival IndiGo will increasingly mount from this year. AI Express, the Maharaja’s budget arm, has begun stitching partnerships with foreign low cost carriers (LCCs) that will allow Indian travellers to fly budget one-stop all the way to Australia, Far East…
A report by HSBC on Friday noted that Indian households’ total holding of gold is estimated at about 25,000 tonne, which is more than the combined gold reserves of top 10 central banks. The central banks include the US, Germany, Italy, France, Russia, China, Switzerland, India, Japan and Turkiye. Source link
New Delhi: Finance ministry on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025. As per the notification, deposits under Sukanya Samriddhi scheme will attract an interest rate of 8.2%, while the rate on a three-year term deposit remains at 7.1%…
New Delhi: The Centre’s fiscal deficit until February in this financial year touched 85.8% of the revised annual target, compared with 86.5% a year before, thanks to tight spending, particularly capital expenditure, showed official data released on Friday.The data bolsters chances of the government meeting its fiscal deficit target of 4.8% of gross domestic product…
The interest rates have remained constant since April 2024, with no modifications implemented. (AI image) Latest Post Office Small Savings Schemes Rates: The interest rates for small savings schemes will remain unchanged as per the government’s latest announcement. These rates will continue through April to June quarters of FY 2025-26. The official circular states, “The…
NEW DELHI: The Reserve Bank of India (RBI) on Friday announced a revision in the interchange fee and customer charges for Automated Teller Machines (ATMs) and Cash Recycler Machines (CRMs), increasing them by Rs 2 for transactions beyond the permitted free limit.. The new fee structure will come into effect from May 1, 2025.As per…
