"The finance ministry has asked banks to submit data about their held-to-maturity (HTM) portfolios and mark-to-market (MTM) losses in trading books to identify any potential stress," one senior banker said on condition of anonymity.
The person holding a credit card of other bank is eligible to apply for a lifetime free credit card on SwipeUp platform. The users get one of the AU Small Finance credit cards as upgraded option from AU Xcite series launched with three variants.
If you have taken a home loan in the last year or two, the rate hikes would have hit you. Consider making part prepayments to better manage your home loan if your finances allow for it. Floating-rate loans work both ways — if you took advantage of a low rate when starting your loan, you should be prepared to pay a higher rate when rates start rising.
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With inflation still at 6 percent, significantly above the Fed’s target, and the labour market stronger than it has been for more than 50 years, there is still a strong case for tightening rates.
With inflation still elevated and the banking sector facing a question mark, the world is looking at this week’s meeting of the Federal Reserve. But that doesn’t mean you should change your portfolio. Not yet, at least.
The company said while the expected salaries for freshers in data engineering roles in India is up to Rs 14 lakh per annum, ML engineers at the same level earn up to Rs 10 lakh.
Planning for an international tour during summer vacations? Here's a list of top five credit cards that offer travel related benefits on flight bookings, hotel stays and memberships.
UBS shares fell by as much as 16% in early trade, their biggest one-day fall since 2008, amid concerns among investors about the long-term benefits of the deal and the outlook for banks in Switzerland, a country once seen a paragon of sound banking.
Time was sought for filing reply by the counsel for RBI from a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad which was hearing the plea by advocate Ashwini Kumar Upadhyay.
Zurich-headquartered Credit Suisse will be taken over by its rival UBS for $3.2 billion. It is the latest major bank to collapse after the failures of Silicon Valley Bank and Signature Bank in the United States.
A daily round-up of the most interesting articles to help jump-start the day.
US financial giant BlackRock said it had no plans or interest in a rival bid for Credit Suisse, reports have suggested that the Deutsche Bank was looking at the possibility of buying some of the bank's assets.
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” according to a spokesman for the U.S. investment giant.
Reserve Bank Governor Shaktikanta Das cautioned banks saying both are detrimental to financial stability, which is evident from the ongoing crisis in the US banking sector where two mid-sized banks went belly up last week.
Debt firms and VCs are offering specific credit lines, term loans, EMI and revenue-based financing model fusion for helping startups complete their working capital and payroll commitments.
"As we progress into FY24, we expect liquidity deficit conditions to become more persistent on our expectation of a mild BoP (balance of payment) deficit and usual currency leakage seen during the year," Gaura Sen Gupta, economist with IDFC First Bank, said.
Overnight, the European Central Bank (ECB) delivered an inflation-fighting 50 basis point rate hike in line with oft-repeated guidance, with sentiment buttressed by the Swiss National Bank's massive support for Credit Suisse Group AG, which sent the troubled lender's shares 20% higher.
A crisis of confidence in Credit Suisse this week added to broader banking sector fears sparked by last week’s collapse of Silicon Valley Bank (SVB) and Signature Bank in the United States.
Most Indian banks are safe and the reason is that the RBI monitors them closely and forces them to take corrective actions proactively if there is something amiss.
In this edition of Market Minutes, N Mahalakshmi talks about how the recent banking failures could impact Fed’s action going ahead. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends
The president's early morning comments came after US bank regulators spent the weekend working on a plan to shore up the public's confidence in the soundness of the financial system and limit spillover effects following the closing of the Silicon Valley Bank last week.