by OverviewFX | Sep 6, 2024 | Banking & Finance
The Reserve Bank of India on Friday imposed monetary penalties on Godrej Housing Finance Ltd and Aadhar Housing Finance Ltd over non-compliance with certain provisions of the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank)...
by OverviewFX | Sep 6, 2024 | Banking & Finance
By using a fuel credit card, you can conveniently buy petrol, diesel, and other fuels at fuel stations while enjoying various benefits that can enhance your travel experience and help you cut down on fuel costs.What is a fuel credit cardAccording to the Kotak Mahindra...
by OverviewFX | Sep 6, 2024 | Banking & Finance
Banks are at a disadvantage to mutual funds (MFs) because they have to face regulatory restrictions like end use monitoring, which has made bank deposits unattractive, Indian Banks’ Association (IBA) chairman MV Rao said. Banks will need help from the government and...
by OverviewFX | Sep 6, 2024 | Banking & Finance
Facilitating transfer of government funds to park funds as short-term deposits with banks could help ease the slowdown in deposits, according to Kotak Mutual Fund CEO Nilesh Shah.If the government parks funds with the banks instead of the Reserve Bank of India, the...
by OverviewFX | Sep 6, 2024 | Banking & Finance
Sanlam Ltd. is joining the race to enter India’s burgeoning asset- and wealth-management industry as Africa’s biggest insurer by market value seeks to tap opportunities in the world’s fastest-growing major economy.The insurer plans to build out its partnership with...
by OverviewFX | Sep 6, 2024 | Banking & Finance
India’s private sector banks are outperforming public sector lenders in maintaining and even expanding their net interest margins (NIMs) as they deftly manage balance sheets amid a challenging economic environment. The latest data from the Reserve Bank of India (RBI)...
