Latest Updates Around The World
When Should You Continue Contributing to Your RRSP? If you have a group RRSP with matching contributions from your employer, this will provide a significant boost to your savings. Many group plans offer matching contributions of 25%, 50% or even 100% on contributions up to a certain dollar amount or percentage of income. To get […]
Your choice of insurance depends on your long -term financial goals Brooke Dean, founder of BMD Financial Ltd. At Raymond James, the two options for renting versus owning. “Term Life Insurance is like renting an apartment,” she said. Just like when renting, people pay cover for a certain period. When the time is over – […]
State Bank of India (SBI) Chairman Challa Sreenivasulu Setty speaks during the Global Fintech Fest 2025, in Mumbai | Photocredit: PTI/SHAHANK Parade Banks such as State Bank of India (SBI), who have done outgoing M&A financing for Indian companies to acquire overseas entities, are good at home in acquisition financing, said SBI chairman CS Setty […]
The Supreme Court of Bombay has ratified a decision by the State Bank of India (SBI) to classify the accounts of the Industrial Anil Ambani and his company, Reliance Communications (RCC), as “fraudulent”, noticing that there were no legal shortcomings in it. A division bench from judges Revati Mohite Dere and Neela Gokhale rejected a […]
Banks across India will remain closed for 15 days in October 2025, including regular weekly Fridays and major festivals, according to the Reserve Bank of India’s holiday calendar. The closures will impact branch operations during one of the busiest festival periods of the year, although digital banking services will continue uninterrupted. The RBI-mandated closures include […]
Currently, the government owns over 45% stake, while state-owned Life Insurance Corporation owns over 49% of IDBI Bank. | Photo credit: ADNAN ABIDI The government is confident of handling the IDBI Bank share sale in FY26 itself, Financial Services Minister M. Nagaraju said on Tuesday. Speaking at the annual GFF, he also said there is […]
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Despite the funds themselves delivering solid returns, investors get significantly less out of them on average. They say that over the past ten years we have received approximately 1.2% less per year than the investments actually yield! That may not sound like much, but over ten years it equates to losing about 15% of your […]
Highlighting the growing preference among Indian companies to raise foreign debt through GIFT City in Gujarat, K. Rajaraman, chairman of the International Financial Services Centers Authority (IFSCA), said that about 31 percent of India’s total external commercial borrowings (ECBs) – amounting to $61 billion – came from GIFT City last year. “Traditionally, an Indian company […]
Imagine that you wake up every morning, knowing that your bills are being paid, your savings are growing and your future feels safe. Financial freedom is not only for the happy or the rich – it is for everyone who is willing to take smart, steady steps. By making a few deliberate money movements, you […]
