Latest Updates Around The World
Sales totaled $9.80 billion, compared to $8.53 billion in the same quarter last year. The bank’s provision for credit losses for the quarter was $1.11 billion, compared with $1.03 billion a year ago. On an adjusted basis, Scotiabank says it earned $1.93 per diluted share in the latest quarter, compared to an adjusted profit of […]
RBI said the changes are aimed at providing affordable banking facilities to the public, to encourage better utilization of BSBD accounts and also in the interest of better customer service to BSBD account holders. Savings Bank (SB) account holders may consider converting any of their accounts into Basic Savings Bank Deposit (BSBD) accounts as the […]
The Reserve Bank of India on Thursday issued clarifications on the prudential treatment of exposures of foreign bank branches operating in India to their group entities, while announcing changes to the Large Exposures Framework (LEF) and intra-group transaction rules. | Photo credit: DANISH SIDDIQUI/Reuters The Reserve Bank on Thursday issued a clarification on the prudential […]
The recovery was aided by US dollar weakness in global markets and reported intervention by the RBI The rupee opened above 90 against the dollar level for the first time on Thursday, but recovered to close below this level. The Indian unit opened at 90.3650 per US dollar (USD) and touched an intraday high/low of […]
Image source: shutterstock.com You can love your friends’ kids, celebrate every milestone, and still walk away from gatherings feeling strangely invisible. The conversation keeps turning back to school, sleep schedules, and sports, and your wins or worries from the week barely get a cameo. It’s not that someone is trying to shut you out; it’s […]
Image source: shutterstock.com Major holidays can turn anyone’s life into a comparison table, and DINK couples are certainly part of that spotlight. You may walk into family gatherings feeling good about your routines, only to walk out wondering if you’re selfish, too independent, or “behind the curve.” Much of that discomfort comes not from what […]
Image source: shutterstock.com When you’re used to living on two incomes and without children, it’s easy to view certain conveniences as “normal,” rather than realizing how rare they really are. You might not notice how your schedule, bank account, and energy levels look very different from those of friends who are juggling bedtime, childcare, and […]
Subrata Mondal, Managing Director & CEO, IFFCO-TOKYO GIC | Photo credit: IFFCO-TOKYO General Insurance Company, celebrating the silver anniversary of its foundation, said Thursday that it has collaborated with a number of cooperatives to distribute microinsurance for package policies. Established in 2000, IFFCO-TOKIO GIC is a 51:49 joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) […]
RBI has kept the benchmark interest rate at 6.5% since February 2023 after raising it by 250 basis points during the tightening cycle. | Photo credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) will announce its monetary policy decision on Friday morning, after a three-day meeting of the Monetary Policy Committee that began on […]
Concern is high, conversations low During the teenage and young adult years, children begin to earn money and develop their first financial habits. But many parents worry these habits won’t be enough: 53% say they worry about their children’s financial future, and 71% say stress is affecting their own well-being. Despite these concerns, many do […]
