As many as 9 Indian banks have been recognised as ‘Digital Champions’ among 40 banks that received the title globally, according to the Deloitte Global Digital Banking Maturity (DBM) survey released on Tuesday. Since 2022, India’s DBM Index has grown from 43 per cent to 59 per cent, witnessing a 16-percentage-point (pp) increase. Indian banks … Read more
PTC Web Desk: For the first time in history, gold prices in India have surged past the Rs 1 lakh mark per 10 gram, reaching Rs 1,01,350 (excluding taxes) on Tuesday, as a culmination of global economic tensions and domestic demand dynamics. When taxes such as GST (3%) are included, the price rises by an additional … Read more
The International Monetary Fund (IMF) on Tuesday lowered India’s growth projection for the fiscal year 2025-26 to 6.2 per cent.This reflects a more cautious outlook amid global trade disruptions posed by the reciprocal tariffs by the US and domestic challenges.In its World Economic Outlook (WEO) report for April, it slashed the economic growth rate forecast … Read more
Mumbai | The Reserve Bank on Tuesday directed banks to start migration of their existing domains to the ‘.bank.in’ domain and complete the process by October 31 this year, aimed at combating increasing instances of fraud in digital payments. In the wake of fraud in digital payments, the Reserve Bank of India (RBI) has decided … Read more
New Delhi | Gold prices surged by Rs 1,800 to zoom past the crucial Rs 1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season even as global macroeconomic uncertainties continued to fuel safe-haven chase. … Read more
Mumbai: The Reserve Bank of India (RBI) has introduced new rules for banks under the Liquidity Coverage Ratio (LCR) framework. These rules will come into effect from April 1, 2026, and are designed to strengthen the liquidity position of Indian banks. Key Changes in Deposit Run-Off Rates From April 2026, banks will need to apply an … Read more
Building wealth isn’t just about earning more money, it is also about managing what you have in the best possible way. Most people tend to overlook simple personal finance habits, which can make a world of difference to their financial growth. By adopting these often-ignored practices, you can enhance your financial stability and work toward … Read more
Managing finances can be difficult, especially while trying to keep a positive cash flow on a strict budget. But, with some strategic planning and smart choices, you can stay financially stable without feeling deprived. In this article, we look at some practical hacks that can help you manage your money better and keep the cash … Read more
A wave of hope is rising among teachers in Uttar Pradesh as the government prepares to review a long-pending demand regarding the Old Pension Scheme (OPS). Thousands of basic teachers, especially from the BTC 2004 batch, may soon receive the benefit of the old pension, offering them long-awaited financial security.Decision Expected on April 22 A high-level meeting … Read more
MUMBAI: Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Group’s financial services arm had posted a net profit of Rs 619 crore in the year-ago period. Its core net interest income grew 9 per cent to Rs 2,156 … Read more