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RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

AIMPWAMarch 2, 2025

The Reserve Bank of India (RBI) may be killing two birds – attracting Dollars and infusing Rupee liquidity — with a single stone via the US Dollar/Rupee Buy/Sell auction of three-years tenor for $10 billion it will conduct on on February 28. The longer tenor swap could encourage Banks to mobilise longer tenor Foreign Currency...

Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

AIMPWAMarch 2, 2025

Former Reserve Bank of India (RBI) Governor D Subbarao on Friday said he accepts the responsibility of building up of non-performing assets (NPAs) during his term as the RBI chief between 2008-13, a period coinciding with the global financial crises (GFC). “It is very difficult to identify a bubble in real time, not just in...

Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

AIMPWAMarch 2, 2025

The Reserve Bank of India (RBI), in its draft circular issued today, said lenders shall not levy any charges or penalties in case of foreclosure or pre-payment of floating rate loans granted to individuals and micro and small entities (MSE) for business purposes. However, in case of MSE borrowers, these instructions would be applicable up...

Bajaj Allianz Life goes live with BIMA-ASBA

AIMPWAMarch 1, 2025

Bajaj Allianz Life Insurance Company (BALIC) has gone live with the BIMA – Application Supported by Blocked Amount facility (Bima-ASBA), which will bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. BALIC is the first insurer to go live with the aforementioned facility, per the company’s statement. Under...

Tata AIA launches new Multicap Pension Fund

AIMPWAMarch 1, 2025

Tata AIA Life Insurance Co Ltd has introduced a new Multicap Momentum Quality Index Pension Fund, opening for subscription from February 21 to February 28, 2025. The fund aims to tap into India’s equity markets while providing retirement planning solutions. The pension fund will invest 80-100 per cent in equity and equity-related instruments aligned with...

Gold gains sheen as RBI dips into forex reserves

AIMPWAMarch 1, 2025

The RBI’s move to add more gold to its kitty and the recent rally in prices of the yellow metal to a new high allowed it the wiggle room to dip into forex reserves to smoothen volatility in the rupee’s movement against the dollar. The country’s forex reserves have fallen 10 per cent from $704...

‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’

AIMPWAMarch 1, 2025

Rising temperature and growing threat of climate change may increase default risk in 30 per cent of agri and housing loans portfolio in the next five years, according to an analysis by BCG. According to the report, the average global temperature has already increased approximately 1.2 degree Celsius versus pre-industrial levels leading to flooding in...

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

AIMPWAMarch 1, 2025

Bank of Maharashtra (BoM) on Sunday announced reduction by up to 25 basis points (bps) in interest rates on retail loans, including home, car, education and other loans linked with Repo Rate Linked Lending Rate (RLLR). The Pune-headquartered public sector bank, in a statement, said it has already waived processing fees on home and car...

PF interest rate to continue at 8.25% for FY25

AIMPWAMarch 1, 2025

The Employees’ Provident Fund Organisation’s Central Board of Trustees (CBT) has decided to retain interest rate of 8.25 per cent for provident fund deposits for FY 2024-25 but has enhanced social security benefits under its insurance scheme. The CBT recommended 8.25 per cent annual rate of interest will be credited to members’ accounts for the...

Banks’ non-food credit growth slows to 12.5% in Jan

AIMPWAMarch 1, 2025

The banking system’s non-food credit growth slowed in January 2025 to 12.5 per cent year-on-year as compared with16.2 per cent in the year ago period. This is due to moderation in credit growth in services and personal loans segments even as credit growth in agriculture and allied activities and industry picked up. However, non-food credit...

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

AIMPWAMarch 14, 2025

Burst of optimism after presidential election fades Source link

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

AIMPWAMarch 14, 2025

Nirmala Sitharaman announced a major overhaul of the income tax system while outlining the Budget on Saturday. Individuals earning up to ₹12 lakh annually will no longer have to pay any tax under the new income tax regime — with benefit of ₹80,000. Sitharaman also proposed a change to the exemption limits and rejigged the...

Budget 2025 – A fine blend of tax reforms and growth

AIMPWAMarch 14, 2025

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The biggest positive of Budget 2025 is the reduction of taxes for the middle class, which leaves more money in...

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

AIMPWAMarch 14, 2025

“We still have around $300,000 left on our mortgage.” Source link

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

AIMPWAMarch 14, 2025

The market regulator’s plans to introduce gross position limits for the derivative segment may result in job losses at proprietary firms and impact levies charged on such trades. Large prop firms employ 500-1,000 people each and several of them may have to axe 20-30 per cent of their workforce once the new norms become a...

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Latest Posts

RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

Bajaj Allianz Life goes live with BIMA-ASBA

Tata AIA launches new Multicap Pension Fund

Gold gains sheen as RBI dips into forex reserves

‘Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030’

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

PF interest rate to continue at 8.25% for FY25

Banks’ non-food credit growth slows to 12.5% in Jan

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

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Consumer sentiment falls to 29-month low. Uncertainty rises due to Trump actions.

’PM Modi was very clear…’: What FM Nirmala Sitharaman said on income tax relief up to ₹12 lakh

Budget 2025 – A fine blend of tax reforms and growth

‘I’m not sure what to do’: My husband has dementia and needs care. Will Medicaid go after our money if I use it to pay off our mortgage?

Prop traders stare at downsizing if SEBI’s new F&O limits hit home

‘Personal income tax buoyancy helped to offer relief; states may have deregulations as conditions for capex loans’