BANKING
Getting Started:
Banking is a system of trading in money which involves safeguarding deposits and making funds available for borrowers. Broadly, a bank is any financial institution that receives, collects, transfers, pays, exchanges, lends, invests, or safeguards money for its customers. The essential role of a bank is to connect those who have capital (investors or depositors) with those who seek capital (those wanting a loan).
STAFF REPORTER
State Bank of India has posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher provisions fo READ...
STAFF REPORTER
State Bank of India is projecting a deposit growth of 25 per cent during the current fiscal compared to 14.85 per cent in 2012-13.
"We are seeing a very good growth in deposits READ...
STAFF REPORTER
Royal Bank of Scotland has launched a real estate services vertical aimed at high networth clients.
“The Real Estate Services is a referral based offering which will offer a READ...
ABHISHEK GOENKA, FOUNDER & CEO, INDIA FOREX ADVISORS
Rupee continued with it bearish trend against the US dollar and closed at 55.47 levels. The USD-INR pair made a high of 55.63 levels and a low of 55.34 levels. It surpassed the key READ...
STAFF REPORTER
Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned double-digit returns of as much as 14.19 per cent during READ...
INDRANIL PAN, CHIEF ECONOMIST, KOTAK GROUP
The economy is seeing some short-term tailwinds from a falling inflation trajectory, but the trade deficit will push the RBI to maintain a cautious stance. Arguably, food-led infla READ...
SONAL VARMA, ECONOMIST, NOMURA INDIA
WPI inflation eased to 4.89 per cent year-on-year in April from 5.96 per cent in March, and was below expectations. All three major components – core, food and fuel inflation – READ...
SONAL VARMA, ECONOMIST, NOMURA INDIA
Both food and lower core inflation have helped bring CPI inflation to below 10%. Food inflation, after staying in the 12-13% range for the previous four months, moderated to 10.7% READ...