Labour ministry launches centralised portal for construction workers
Preparedness of states/UTs with respect to harmonisation and finalisation of draft rules under the four new labour codes also reviewed
Keep loan-to-value ratio for gold below 75% to avoid topping up collateral
Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent
Banking solutions fintech TransBnk raises $4 million in series A round
The platform has supported over 5,000 accounts, including escrows, and processed more than 50 million transactions
From SBI to BoB: Banks woo customers with special schemes as deposits fall
Customers are increasingly looking at alternative investment avenues, such as the capital markets, in search of better returns
Drive less, pay less: Why ‘Pay as You Drive’ insurance may be right for you
Pay As You Drive (PAYD) is a “usage-based” car insurance
Max Life launches Nifty 500 Momentum 50 Index Fund in ULIP Segment
The fund will track the Nifty 500 Momentum 50 Index, which comprises the top 50 companies within the Nifty 500 index, selected based on their Normalised Momentum Scores
Funding constraints to hinder NBFCs’ growth after two strong years: ICRA
The report said that the sector’s AUM, which stood at approximately Rs 47 trillion in March 2024, is projected to exceed Rs 50 trillion in the current financial year
IBA to take up overseas banks’ local data storage issue with RBI
“RBI had advised all system providers to ensure that the entire data relating to payment systems operated by them is stored in a system only in India,” said a source familiar with the development
Amid slow deposit growth, banks urge govt to keep cash balances with them
Move to help lenders to gain low cost deposits
Transmission of policy rate has been greater on deposits, shows RBI data
Among different bank groups, state-owned banks have seen a greater increase in interest rates on term deposits-both new and existing-compared to their private sector peers