informed mint

Bombay : Thousands of Indian students fleeing war-torn Ukraine now face an unprecedented financial burden as the chances of their colleges reopening soon look bleak, but they still struggle with expensive loans they…

India has surprised the payments world by announcing that its central bank will issue digital currency as early as 2022-23, a crucial decision that most major economies refuse to make in a hurry. According to Finance…

NEW DELHI: Kristal.AI, a leading global digital private wealth management platform, has partnered with FlyRemit to offer faster, low-cost global money transfers to facilitate global investments. This partnership will…

NEW DELHI: The Income Tax Department has issued new rules on the calculation of tax-exempt income of offshore banking units set up in an international financial services center.…

Kerala-based CSB Bank Managing Director and CEO CVR Rajendran has decided to take early retirement for health reasons, the bank said in a press release on Saturday. Rajendran,…

The Delhi High Court on Tuesday dismissed petitions filed by Future Coupons Ltd and Future Retail Ltd seeking to overturn the arbitration proceedings initiated by Amazon in Singapore.…

MUMBAI Lenders at Future Retail Ltd are in initial talks about whether they should take a more active role in offloading some of the group's non-core assets in a bid to collect their loans, a person familiar with…

NEW DELHI : The government is proposing to recapitalize public sector banks (PSBs) that have emerged from the Reserve Bank of India (RBI) Quick Corrective Action (PCA) framework and may need additional funds to…

Bengaluru: The cohabitation sector in the country is expected to experience a recovery in 2022, driven by the gradual reopening of offices and colleges as well as by vaccination, according to real estate advisor…

With this fundraising, Razorpay is now valued at $ 7.5 billion, a sevenfold increase in its valuation since the start of 2021, when the company was valued at just over $ 1 billion. This makes Razorpay the most popular…

While term deposits gave negative returns after adjusting for inflation and gold was a losing investment (all returns were as of December 17), stock prices surged and cryptos exploded. It was also the year when sectors…

The Jan Dhan-Aadhaar-Mobile (JAM) trinity has transformed the whole concept of financial inclusion in India and that is a great story, said CS Setty, Managing Director of the State Bank of India (SBI), during of the…

MUMBAI: Indian stock markets will take inspiration from the Reserve Bank of India's monetary policy statement on Wednesday, while SGX Nifty futures suggest a positive opening for domestic benchmarks.…

NEW DELHI : Radisson Hotel Group announced the launch of the Radisson RED brand in India to target the country's growing population of young business and leisure customers. The…

The Association of Indian Banks (IBA) is unsure whether it can offer assistance to former State Bank of India (SBI) Chairman Pratip Chaudhuri in the recent case of alleged mispricing of a distressed asset , said a…

The world has been able to contain the covid-19 pandemic in recent months, with just 3.5 million new cases reported per week now, down 24% since August. This, and improved vaccinations, has prompted many…

I am now on the staff of this bank. His interests are my interests. Psmith, the individual, ceases to exist, and there appears Psmith, the cog of the wheel of the New Asiatic Bank; Psmith, the link in the…

DIVYA RAJAGOPAL : Gates Ventures, the private equity arm of the Bill and Melinda Gates Foundation, and a group of other philanthropic organizations are in talks to invest in Indian vaccine makers as they seek to…

Cambodia, Maldives and Mongolia administered at least 130 doses per 100 inhabitants, due to bilateral agreements with high-income countries such as the United States, China and Japan. Cambodia, one of the poorest…

Pune, October 27, 2021: As the holiday season is in full swing, Bajaj Finance Ltd., together with Bajaj Finserv Direct Limited, has launched their Diwali “EMI HAI NA” campaign to offer discounts and cash back on a wide…

Byju's has hired investment banks to raise a minimum of $ 500 million through B-Term Loans (TLBs) in the United States, as India's most valuable startup seeks to replenish its war chest with a debt after spending…

Markets were going strong when trade opened, with Sensex surging more than 500 points to a record 61,863.09. Nifty was hovering around 18,500 points. Asian markets struggled on Monday as inflation concerns returned to the fore,…

The rollout of covid-19 vaccination in India to the general public was designed to cover the elderly population first. Those over 60 started receiving their jabs from March 1 and those over 45 from April 1.…

New Delhi: The government plans to withdraw lawsuits against the telecommunications companies, involving disputes of approximately ??40,000 crore, according to a source. With this in mind,…

Dubai: Amid growing business ties between India and the United Arab Emirates, the Reserve Bank of India has authorized Emirates NBD, the public bank of the United Arab Emirates, to open two additional branches in India, Commerce…

MUMBAI : HSBC India has cut its mortgage interest rates by 10 basis points (bps) 6.45% per annum for customers who transfer their home loans to the bank. This special rate, the…

Last year, during India's two-month celebration of Dussehra and Diwali, the first wave of the pandemic wore off. The average number of daily cases decreased by 45% during this period. However, in 10 states…

With the agricultural sector growing 4.5% in the first quarter of fiscal 22 and a record food grain production of 150.5 million tonnes (mt) during the kharif season, the hard work of farmers, the skill scientists and…

Checkbook holders of three public sector banks - Allahabad Bank, Oriental Bank of Commerce and United Bank of India - are advised to apply for a new checkbook as their old existing checkbook will become invalid from…

MUMBAI : The American International Development Finance Corporation (DFC) and the United States Agency for International Development (USAID) announced on Friday that they are jointly sponsoring $ 55 million in…

India's record 22.8 million doses on September 17 was made possible because it set up more than 110,000 centers that day, 43% more than the previous record. Madhya Pradesh, Assam, Telangana, Gujarat and Haryana are…

Edelweiss Asset Management Company, which has a fund of funds (FoF) feeding the JP Morgan Greater China fund, has asked its investors with available cash to invest more in the fund. Recent…

You have received a message telling you that your bank account has been credited with ??2,67,000 under “Gouv. Yojana ”? If so, then beware of these misleading…

Union Minister of State for Trade and Industry Anupriya Patel said on Monday that India is expected to export $ 46 billion to ASEAN in fiscal year 2022. Patel on Monday inaugurated the "India-ASEAN…

New Delhi: ReNew Power Private Ltd on Tuesday announced the completion of its merger with the Nasdaq-listed Special Purpose Acquisition Company (SPAC) RMG Acquisition Corp. II (RMG II). The…

Richard Branson's Virgin Orbit has said Boeing Co. will invest in the $ 3.2 billion SPAC list planned by the satellite launch startup later this year, an investment that comes as the aircraft maker's space…

MUMBAI: Private sector lender Yes Bank is looking to partner with investors to create an asset rebuilding company and has appointed EY as its process advisor, according to a public notice released Wednesday.…

Bombay: Union Bank of India, a state-owned company, restructured retail loans of ₹So far, 6,557 crore or 5.2% of its retail loan portfolio under the two tranches of the Reserve Bank of India's (RBI) Covid-19…

Eight public sector banks joined the team to lead the first round of capital injection into National Asset Reconstruction Co. Ltd (NARCL) or the so-called “bad bank,” documents…

Monsoon brings relief from hot and humid summers everywhere, and for Bengalis it also brings a silver lining to their plates in the form of the delicious Hilsa fish, usually enjoyed steamed, smoked, fried or with…

Loans to individuals, or loans to individuals, may soon become the most important segment of the Indian credit market, removing the first place from industrial loans. Loans in the retail segment have…

For State Bank of India (SBI) customers, many changes will take place with the change of month from July 1, 2021. India's largest commercial bank to change its fees for cash withdrawals from ATMs , cash withdrawal at…

I am an Indian citizen and I have an older brother who works in Switzerland. We are both in our early 30s and have no loans against our names. We want to buy an apartment in New Delhi or Ahmedabad and need a mortgage for…

Persistent hesitation over vaccines prompts authorities to play with out-of-the-box solutions, including incentives ranging from free masks and transportation to cash rewards for getting the jab.…

Indian authorities are doing everything to ensure the swift deportation of fugitive businessman Mehul Choksi from Dominica, the foreign ministry said Thursday. “Legal proceedings are underway. The…

China will now allow parents to have three children. The move came shortly after new census data showed that the country's population growth rate had slowed to the lowest level since the 1950s, when millions of people died in…

Many consumers take a mortgage when they need cash. Loans for which an asset is offered as collateral turn out to be cheaper than unsecured loans. Many borrowers therefore opt for a loan for gold or a fixed deposit in case…

Forbes recently released the third edition of the "World's Best Banks" list. DBS Bank took the first place in a list of the best banks in India, it is the second consecutive victory of DBS Bank out of 30 national and…

Lenders usually have a considerable difference in interest rates between a new car and a used car loan. The difference can be more than 5% in some cases. For example, Axis Bank's interest rate on new auto loans is in…

As the second wave ebbs, local authorities are now focusing on meeting two quantitative conditions set by the center as a benchmark for the districts in order to ease restrictions. This is a test positivity rate (TPR) - tests…

MUMBAI : The total credit available to the Indian textile and clothing industry in December 2020 was ₹1.62 trillion, down nearly 20% year-on-year, according to a report by credit bureau Crif High…

The Indian government's plan to privatize two state-owned banks in the current fiscal year (fiscal 22, ending March 2022) could experience delays amid renewed challenges for the Indian banking sector, Fitch Ratings said in a…

Prime Minister Narendra Modi has just entered the third year of his second term, and it will be interesting to look into the early days of Modi 2.0 before tackling the challenges. He started his second inning as a race-hungry…

On May 26, India became just the third country to administer 200 million doses of the covid-19 vaccine. But this number hides more than it reveals. As a share of its population, India has been able to immunize fewer people…

NEW DELHI : The Retailers Association of India (RAI) on Thursday requested several concessions such as extension of existing permits and licenses for retail establishments and shopping malls, exemption from…

NEW DELHI: Central systems for purchasing and distributing free covid-19 vaccines should be put in place to deviate from the current policy of decentralized procurement by state governments, the Lancet Citizens' Commission…

Type in Namaste, the Indian greeting and a WhatsApp chatbot asks for the user's zip code and instantly displays a list of nearby vaccination centers. A search on Google Maps shows the route to the nearest clinic with vaccine…

Even as the districts of Maharashtra and Kerala continue to bear a high number of cases, other parts of the country are increasingly witnessing a rapid increase in cases that threaten to overwhelm local health capacities. So…

Customers of India's largest lender, State Bank of India (SBI), will not be able to use digital services on Friday due to maintenance activities. “We will undertake maintenance activities between…

Over the past decade, significant progress has been made in providing access to credit to micro, small and medium enterprises (MSMEs), but much remains to be done. Overall, it is a complex problem to solve. Given the…

Indian lenders have again been cautious about unsecured retail loans amid a deadly resurgence of the pandemic and localized lockdowns that have made collections difficult. Unsecured loans, although riskier, earn banks…

NEW DELHI : The Supreme Court On Friday, the hearing was adjourned on a batch of petitions calling for relief from the six-month loan repayment moratorium announced during the pandemic. The court, however, ruled on…

Buying your own home is every employee's dream in India. Amid the ongoing coronavirus pandemic, several major lenders, including the State Bank of India (SBI) have lowered mortgage interest rates in order to attract…