Finance

Healthy capital ratios, low NPAs

Healthy capital ratios, low NPAs

Finance
Updates from :  the Hindu : Private sector lender has been able to maintain asset quality with 1.5-1.9% GNPA The RBI’s policy rate cut in February this year is likely to nudge banks to trim deposit rates over the coming months. Though a sharp cut is unlikely in the near term, depositors with surplus funds should consider locking into attractive rates now. DCB Bank offers 8.05% for deposits with tenure of 15 months to less than 24 months. It also offers 8.05% on its 36-month deposit. Lock-in now Banks had raised deposit rates last year with those in the private sector hiking rates more aggressively. With the RBI expected to cut the policy rate further in the coming months, retail deposit rates offered by banks are likely to fall too. Hence, shop for higher rates no
A systematic way of maximising returns on investment

A systematic way of maximising returns on investment

Finance
Updates from :  the Hindu : What is a SIP? A Systematic Investment Plan (SIP) is a way to invest in mutual funds wherein a fixed sum of money is put into a mutual fund scheme at a specified date every month. It is considered to be investor-friendly and an efficient manner of investing in the capital markets as one can start investing with small monthly contributions instead of first building a huge investment corpus. It is a hassle-free manner of investment as well since one can issue standing instructions to the bank for a specified amount to be transferred to the fund house/distributor every month at a pre-determined date. How can one start a SIP? There are two ways of starting an SIP. One can use the direct way of investing though the fund house or go through a distribu
New loan pricing scheme may be put off

New loan pricing scheme may be put off

Finance
Updates from :  the Hindu : RBI yet to release final guidelines Banks will be getting more time to migrate to the new loan pricing regime which was scheduled to be implemented from April 1. This new pricing scheme, based on an external benchmark, will be applicable for floating rate loans extended to individuals and small businesses. Bankers said with the central bank yet to come up with the final guidelines, the introduction of the scheme was expected to be postponed. During the December monetary policy review — the last such review by former RBI Governor Urjit Patel — the central bank had said that all new floating rate retail loans such as housing and auto loans, and floating rate loans extended by banks to micro and small enterprises from April 1, 2019, should be linked t
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