by OverviewFX | Aug 25, 2024 | Banking & Finance
NEW DELHI: The Cabinet on Saturday approved the Unified Pension Scheme (UPS) for 23 lakh central government employees. The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have...
by OverviewFX | Aug 25, 2024 | Banking & Finance
Bank Fixed Deposit Rates: Which banks offer the best FD rates? Which are the top 5 bank fixed deposits? Bank Fixed deposits or FDs are a favored investment option for risk-averse investors. Financial experts suggest that the present high interest rate environment may...
by OverviewFX | Aug 24, 2024 | Banking & Finance
India’s banking sector is witnessing one of its best times in terms of profitability and asset quality, but the lagging deposit growth has emerged as a pain point in the last year or so. With bank credit growth continuing to outpace deposit growth, banks will...
by OverviewFX | Aug 24, 2024 | Banking & Finance
The largest foreign direct investment (FDI) proposal in financial services in the country—involving the biggest banks in Japan and India by market capitalisation—is now dead.The board of HDFC Bank on Wednesday rejected a proposed $2 billion purchase of a 20% stake in...
by OverviewFX | Aug 24, 2024 | Banking & Finance
Private and public sector banks in India are closed on the second and fourth Saturdays of every month, as well as on Sundays, national and regional holidays, according to the Reserve Bank of India (RBI). Additionally, banks will be open on the first, third, and fifth...
by OverviewFX | Aug 24, 2024 | Banking & Finance
While the banking sector witnessed a moderation in the April-June quarter earnings at around 10% with most banks reporting contraction in their margins and credit cost going up, brokerages remain positive on this sector. ETMarkets brings 12 stocks with buy ratings and...
