Bank of Baroda today announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob Monsoon Dhamaka Deposit Scheme is available in…
57% of equity MFs outperform respective benchmarks in June’24,finds PL Wealth Management
The AUM (assets under management) of equity mutual funds witnessed a growth of 8.27% sequentially to INR 23,84,727 crore in June 2024 from INR 22,02,497crore in May 2024 (excluding Sectoral /Thematic Funds), said…
Kotak Mahindra CEO says bank has more to do on technology front, committed to further enhancing resources
Kotak Mahindra Bank (KMB) Managing Director and Chief Executive Officer Ashok Vaswani acknowledged that the bank needs to do more the technology-front and said the lender is committed towards allocating resources and…
Softbank exits Paytm at loss of around $150 million
Japan’s Softbank investment arm, Softbank Vision Fund, exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion…
BNW Morning Brief: Top Headlines of the week
Top headlines of the week from Biznewsweek
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI deputy governor Patra says price stability key for growth
The RBI has kept the interest rates steady for eight consecutive monetary policies citing persisting risks to inflation.
Morning News Brief| RBI allows residents to open foreign currency accounts in Gift City
Previously, Indian residents planning to invest abroad were required to open bank accounts in foreign jurisdictions before accessing global equity markets. Similarly, parents financing their children’s foreign education had to initiate the process of opening a foreign bank account.
RBI cautions banks on management of internal accounts
Swaminathan urged CFOs to invest in technology and data analytics which would empower them to provide more accurate and real-time financial insights.
SBI launches online loan against mutual funds through Online Banking & YONO App
SBI becomes the first PSB to provide an end to end digital loan against mutual fund units
Loan against MF available for MF scheme of all the AMCs registered with CAMS