Subdued global commodity prices amid concerns over global demand should further aid in moderation of the headline inflation going ahead. In October, global commodity price index declined by 4.3% YoY, while Brent crude prices fell by 15% YoY. However, it is crucial to monitor geopolitical developments closely, as these could significantly influence global commodity markets and supply chains.
The much-hyped demonetisation has failed to break real estate’s love for black money, per a recent survey. Black money continues to be dominant in real estate.
The banker was thrashed by son of a borrower at the branch, according to an AIBEA note.
“We strongly condemn the brutal attack on Mr. Kashyap Officer IOB by son of a borrower of Indian overseas Bank, Karad branch, Pune with koyta knife,” said an AIBEA post.
Senior citizen placed under ‘digital arrest’ by online fraudsters, forced to pay Rs 14 lakh
The cyber-crime unit has revealed that 254 cases linked to this scam have been registered across the country. Fraudulent transactions totaling Rs 97 crore were conducted through six bank accounts reportedly opened by bank staff.
Indian equity markets faced a turbulent session on October 9, with benchmark indices erasing early gains to close marginally lower. Despite starting the day in positive territory, the indices slipped amid volatile trading after the Reserve Bank of India (RBI) announced its decision to keep key policy rates unchanged.
Fintech firm Paytm’s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday.
India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.
The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.
The bank provides a competitive interest rate on salary accounts, which ensures that your savings grow steadily. This feature, combined with the convenience of managing your salary and day-to-day transactions, makes the IDFC FIRST Bank salary account a beneficial choice for salaried individuals.
These institutions were rescued by takeovers or bailouts, but the failures of several smaller cooperative banks remain a persistent issue. One consequence of banking failures abroad, especially in the US, has been a shift of depositor funds from smaller banks to larger, more stable ones, driven by a trust deficit. A similar trend could emerge in India, putting smaller banks under pressure.