Equity indices slump amid panic selling, Yes Bank surges by 43 pc
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], Mar 16 (ANI): Equity indices plunged by nearly 7 per cent during the afternoon on Monday as the coronavirus pandemic showed no signs of ebbing and the US Federal Reserve cut interest rates to near-zero a day earlier to help shore up the world's largest economy.
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Equities tumble as panic selling continues, Yes Bank surges by 48
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], Mar 16 (ANI): Equity indices nosedived by nearly 4.5 per cent during early hours on Monday amid the rapidly escalating global coronavirus pandemic even though the US Federal Reserve cut interest rates to near-zero a day earlier to help shore up the world's la
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Federal Reserve cuts interest rates to near zero to support US eco
Updated : 10 months, 2 weeks ago IST
Washington DC [USA], Mar 16 (ANI): The US Federal Reserve has announced it would cut its target interest rate to near zero as part of the emergency action to support the US economy from the impact of the coronavirus pandemic.
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Monthly balance maintenance waived off on 44.51 crore SBI savings
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], Mar 12 (ANI): State Bank of India (SBI) announced on Thursday that it has decided to waive maintenance of Average Monthly Balance (AMB) for all savings accounts.
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Bank of England slashes interest rates to record low in coronaviru
Updated : 10 months, 2 weeks ago IST
London [UK], Mar 11 (ANI): The Bank of England has slashed interest rate to a record low and have launched other measures to limit the economic fallout from the novel Coronavirus (Covid-19), the Central bank said in a statement on Wednesday.
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SBI reduces MCLR by 10 to 15 basis points across all tenors
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], Mar 11 (ANI): The country's largest lender State Bank of India (SBI) on Wednesday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 to 15 basis points across all tenors.
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India's prime residential market remains resilient in 2019: Knight
Updated : 10 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], Mar 6 (ANI): Despite wealth growth and record low interest rates in most advanced economies, the economic slowdown has weighed on prime property prices across the globe, according to Knight Frank's Prime International Residential Index (PIRI 100).
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EPFO slashes interest rates on deposits to 8.5%
Updated : 10 months, 3 weeks ago IST
New Delhi [India], Mar 05 (ANI): Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) has decided to decrease the interest rate of employees provident fund to 8.5 percent for 2019-2020, announced Labour Minister Santosh Gangwar on Thursday.
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Equity indices in the green, FMCG and IT stocks gain
Updated : 10 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], Mar 5 (ANI): Equity benchmark indices traded with a positive bias during early hours on Thursday as global markets swung higher with central banks offering interest rate cuts to stabilise economic outlook amid spreading coronavirus.
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US Federal Reserve cuts rates by 50 basis points amid coronavirus
Updated : 10 months, 4 weeks ago IST
Washington D.C. [USA], Mar 4 (ANI): The US Federal Reserve on Tuesday (local time) lowered the interest rates by half a percentage point as coronavirus poses "evolving risks" to economic activity in the country.
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Here's how can you get tax benefits from personal loans
Updated : 11 months, 1 week ago IST
Pune (Maharashtra) [India] Feb 20 (ANI/BusinessWire India): A personal loan, while collateral-free and easy to obtain, can be expensive as some lenders levy high loan interest rates. While applying with the right lender can bring down your net interest outgo, another way to save is to mak
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HSBC to slash 35,000 jobs, cut costs by $4.5 billion as earnings m
Updated : 11 months, 1 week ago IST
Hong Kong, Feb 18 (ANI): HSBC, the largest of Hong Kong's three currency-issuing banks, said on Tuesday it plans to cut as much as 35,000 jobs, reduce costs by an additional 4.5 billion US dollars and shrink its investment bank in Europe and the United States as part of a broad overhaul by i
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