Latest Updates Around The World
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
Credit card transactions have skyrocketed over the years, with the transaction volume increasing from 208.7 crore in 2019 to 447.2 crore in 2024, while the value increased from ₹7.1 lakh crore to ₹20.4 lakh crore. | Photo credit: Kunakorn Rassadornyindee Private sector banks continue to dominate the credit card space in India and are focusing […]
Shares of Punjab National Bank (PNB) are expected to remain in focus during Muhurat Trading after the state-run lender said it will take an estimated hit of Rs 9,000 crore if it moves to the Reserve Bank of India’s new expected credit loss (ECL) framework by 2031. The disclosure makes PNB one of the first […]
The measure is intended to promote transparency, competition and merit-based hiring at the highest levels of the banking system | Photo credit: Rawpixel Now, private sector candidates can apply for the post of Managing Director in State Bank of India and for Managing Director-cum-Chief Executive Officer in any of the eleven public sector banks. The […]
