Economist Jeffrey Sachs has strongly criticized the US administration's tariffs on India, calling them a pressure tactic and "bizarre." He argues that these tariffs undermine US-India relations and violate international law. Sachs suggests India should focus on partnerships with BRICS nations, who advocate for a multipolar world, while navigating the US trade policies.
from Banking/Finance-Industry-Economic Times https://ift.tt/Uo7QnXj
via IFTTT
Banking and Finance Awareness
bank, NBFC, loan, Credit Card ,General Awareness, finance knowledge RBI, saving account,current account, Fixed Deposit ,Recurring Deposit (RD) ,General Banking scheme ,
Saturday, August 16, 2025
Friday, August 15, 2025
BANKING
State Bank of India and Union Bank of India have increased home loan rates, signaling a potential shift towards higher interest rates in the market, particularly affecting borrowers with lower credit scores. This move comes amid concerns over low-profit margins and increased competition, with private lenders expressing reservations about aggressive pricing strategies employed by public sector banks.
from Banking/Finance-Industry-Economic Times https://ift.tt/8w4xFoj
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/8w4xFoj
via IFTTT
Thursday, August 14, 2025
BANKING
Prime Minister Modi announced on Independence Day that India's UPI handles 50% of global real-time transactions, calling it a 'wonder'. With 1,947 crore transactions processed in July 2025 alone, UPI is now operational in seven countries, including France, marking its European debut.
from Banking/Finance-Industry-Economic Times https://ift.tt/vFzj0k5
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/vFzj0k5
via IFTTT
BANKING
S&P Global Ratings upgraded the ratings of ten Indian financial institutions, including SBI and HDFC Bank, following an upgrade to India's sovereign credit rating. The improved ratings reflect expectations of continued economic growth, enhanced capitalization, and reduced credit risk within the Indian banking sector. The insolvency and bankruptcy code has also improved the payment culture.
from Banking/Finance-Industry-Economic Times https://ift.tt/HyviS81
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/HyviS81
via IFTTT
Wednesday, August 13, 2025
BANKING
AU Small Finance Bank is partnering with Korn Ferry to develop a succession strategy as it transitions into a universal bank and shifts its base to Mumbai. The advisory firm will identify talent for key roles and create a succession plan for MD Sanjay Agarwal.
from Banking/Finance-Industry-Economic Times https://ift.tt/5QZTeAy
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/5QZTeAy
via IFTTT
BANKING
ICICI Bank has significantly lowered its minimum average balance requirement for savings accounts, responding to customer feedback. The revised MAB now stands at Rs 15,000 for metro and urban areas, with lower thresholds for semi-urban and rural locations. This decision contrasts with moves by several state-owned banks to eliminate such penalties altogether, while HDFC Bank maintains its existing balance norms.
from Banking/Finance-Industry-Economic Times https://ift.tt/52Q9P8Z
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/52Q9P8Z
via IFTTT
BANKING
HDFC ERGO General Insurance has partnered with PhonePe to introduce an affordable health insurance plan targeting India's 'missing middle'. This collaboration leverages PhonePe's digital platform to offer accessible and comprehensive health coverage, with premiums starting at Rs 12 per day for Rs 3 lakhs coverage. The policy is designed for individuals aged 18-30, many of whom are new to insurance.
from Banking/Finance-Industry-Economic Times https://ift.tt/WbkcH7V
via IFTTT
from Banking/Finance-Industry-Economic Times https://ift.tt/WbkcH7V
via IFTTT
Subscribe to:
Posts (Atom)