BankBazaar CEO Adhil Shetty said, “The RBI’s view is that developed economies are nearing a peaking of rates. This is welcome, although inflation is expected to remain elevated for longer than anticipated.”
Shell India has hiked diesel prices by as much as Rs 20 per litre in less than a week’s time, but the dominant public sector fuel retailers continue to keep rates on freeze for a record 18th month in a row.
The UK’s statistics agency said the falling of fuel prices was the biggest driver behind the drop, while food price inflation also pared back, though they remained historically high.
A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest. Rates on FDs are important for those, especially senior citizens, who are looking for safe investment options.
The sluggish credit growth to the industry indicates that private investments are yet to pick up.
IDFC Ltd shares which closed with a gain of 6.29 per cent at Rs 109.10 has a market capitalisation of Rs 17,455 crore.
Rupee is trading in a narrow range as the softness in the US dollar and sustained FII inflows were negated by risk aversion in global markets, forex traders said.
Through this joint venture, Shriram Finance products would be made available on the digital platform to further expand Paytm’s business to credit services as well, and drive financial inclusion.
In the fortnight ended December 29, the bank deposits grew by 13 per cent on a year-on-year basis, while credit grew by 20 per cent, the latest RBI data showed.
BYJU’s had “over hired” people at the time of Covid pandemic due to sudden jump in online education, but the demand has now receded, for which the company needs to do the course correction, reported PTI quoting sources.