Be vigilant against Interest rate risk, FM tells banks Subject: Economy Section: Monetary policy Concept : Amid fears of contagion effects from banking crises in the U.S. and Europe, Finance Minister Nirmala Sitharaman has asked banks to remain vigilant about “interest rate risks” and undertake regular stress tests, even as public sector bankers […]
RBI central board reviews global, domestic economy Subject :Economy Section: Monetary policy Context: Reserve Bank of India’s central board reviewed the global and domestic eco nomic situation and the associated challenges. The 601st meeting of the Central Board of Directors of Reserve Bank of India (RBI) was held at Hyderabad under the chairmanship […]
RBI asked to monitor card spending under LRS for tax purposes Subject : Economy Section: External Sector Concept : Seeking to tighten the implementation of the increased 20% tax collection at source norm for foreign remittances introduced in Budget 2023-24, Finance Minister Nirmala Sitharaman on Friday said the RBI has been asked to […]
Long-term Tax Benefits Removed for Debt Mutual Funds Subject :Economy Concept : As per the amendments made in Budget 2023, no benefit of indexation for the calculation of long-term capital gains tax on debt mutual funds will be available for investments made on or after April 1, 2023. About Debt mutual funds: Debt […]
HAL offer for sale opens today Subject: Economy Section: Financial Market Concept: Offer For Sale (OFS) It is a method that allows the promoter of a company to sell their shares to institutional and retail investors through exchanges. IPO, OFS, and FPO – How are they different? IPO Initial Public Offering is when […]
Bond Subject: Economy Section: Financial markets Concept: Bond is a fixed-income instrument that represents a loan from an investor to a borrower. It is a contract between the investor and the borrower, where the borrower uses the money to fund its operation and the investors receive interest on the investment. Bonds are high-security […]
Foreign Banks in India Subject : Economy Section: Monetary Policy Context: The proposed takeover of Swiss bank Credit Suisse by its bigger rival UBS What are foreign Banks? Financial institutions that serve customers outside of their own country are referred to as “Foreign Banks.” A Foreign Bank branch operates as a kind of […]
Credit Suisse 17billion AT 1 Bonds hit Subject : Economy Section: Monetary Policy Concept : Swiss authorities brokering Credit Suisse’s rescue merger with UBS have said 16 billion Swiss francs ($17 billion or Rs 1.4 lakh crore approximately) of its Additional Tier 1 (AT1) debt will be written down to zero. AT1 bond […]