Banking Sector
Advertisement
SIP vs FD: Which is better for higher returns?
The following comparison between SIP and fixed deposits based on various aspects can help investors in making the right decision.
PM Jan Dhan and Basic Savings Accounts Exempt from Minimum Balance Requirements: FM Sitharaman
She made this statement while replying to a question in the Rajya Sabha on the recovery of about ₹8,500 crore as penalties by public sector banks during the last five years from their customers for not maintaining minimum balance.
SBI Study Reveals Public Sector Banks Outperform Private Rivals in Efficiency
Efficiency here is reflected through the banks' ability to effectively utilize their resources.
Navigating Cross-Border Payments and Remittances: Challenges and Opportunities Unveiled
Traditional remittance channels often levy hefty fees and unfavourable exchange rates, significantly diminishing the value of the funds transferred. This not only affects the livelihoods of recipients but also hampers economic development in emerging markets.
RBI Reports Overwhelming Return of Rs 2,000 Banknotes: 97% Back in Circulation
In a statement issued on May 19, 2023, the RBI declared the withdrawal of Rs 2,000 banknotes from circulation. It stated, "The total value of Rs 2,000 banknotes in circulation, amounting to Rs 3.56 lakh crore as of May 19, 2023, when the decision to withdraw these notes was made, has now dwindled to Rs 8,470 crore as of February 29, 2024."
Axis Bank Records Net Profit of Rs 7,130 Crore in January-March Quarter
Some of the major highlights of the quarter include the bank's net interest income. It did witness a healthy growth of 11.47 percent, amounting to Rs 13,089 crore, in comparison to Rs 11,742 crore of the corresponding period of the previous year. This shows the bank has effectively managed its lending activities and deposit interest payments.
How Do Interest Rates Impact Short and Long-term Trading?
Long-term changes in interest rates can impact stocks, real estate, bonds, and retirement funds. Some of the impacts are direct changes to the value of a security, while in other cases, the earnings or costs to hold an asset are affected. Here are some ways interest rates impact short- and long-term trading.
Advertisement