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Gold soared to record levels as renewed concerns over US credit quality and escalating US-China tensions drove investors toward safe-haven assets.Gold surged 1.2 per cent to $4,379.93 per ounce on Friday, heading for its biggest weekly gain since 2008 and extending a rally that began in August. The surge was underpinned by expectations of steep…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
In a move aimed at strengthening regional trade and payment systems, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons residing in Bhutan, Nepal, and Sri Lanka.The RBI said the step was taken to facilitate cross-border trade transactions and is part of its…
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
Mumbai: RBI has unveiled draft norms to improve banks’ management of credit risk and classification of bad loans. The changes are expected to ease capital requirements for segments like MSMEs, real estate and credit cards. The new proposal also shifts banks from recognising default losses after they occur to an ‘expected credit loss’ framework, requiring…
Missed the big online sales for your favourite festive buys? Don’t worry, the offers haven’t ended yet!Experts expect another wave of discounts, cashbacks, and easy EMI options as the festival of lights draws closer.September to November is the busiest time for India’s leading e-commerce platforms. Online marketplaces aim to grab maximum attention, while banks compete…
US President Donald Trump on Sunday claimed that he foresaw Osama bin Laden as a threat to America before the September 11, 2001, terror attacks, saying he had written about the al-Qaeda leader in one of his books.Speaking before a gathering of Navy personnel in Norfolk, Virginia, during the Navy’s 250th anniversary celebrations, Trump said:…
Aahana Kumra, who has worked in several movies recently, talked about working as a casting assistant for Karan Johar‘s film ‘My Name Is Khan’, starring Shah Rukh Khan. The actress stated that she was not mentioned in the credits of the film. However, she also acknowledged that she had a great time working on the…
MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…
MUMBAI: India Inc’s credit profile improved in the first half of FY26,with rating upgrades continuing to outpace downgrades across agencies. The improvement in credit profile was driven by resilient domestic demand and govt-driven infrastructure spending, offsetting the drag from escalating US tariffs.Credit rating agencies—CareEdge, ICRA, Crisil, and India Ratings (Ind-Ra)—said credit quality remained robust, aided…
