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“The simple thing is that this time around because the inflation is also under control and there is quite a bit of volatility, RBI will definitely make a comment on that. But 25 bps rate cut is something which seems to be more like a certainty as of now,” says Amnish Aggarwal, Prabhudas Lilladher.What is…
“So, many sectors and stocks have come back. Many companies are still doing well and we will see them also come back. Global uncertainty, obviously, is there because of the various tariffs war,” says Sandip Sabharwal, asksandipsabharwal.com.It has been a good comeback by the markets. Good, good comeback. March, in a sense, has been this…
“It is fair to expect that we do continue to consolidate for a couple of quarters and we do have quite a few data points to look forward to over the next couple of months, starting with April 2nd, of course, followed by the RBI policy meet, and then a very-very important result season, which…
RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV The Reserve Bank of India (RBI) has declared the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV, which is due for redemption today, March 17, 2025. SGBs were repayable after eight years from the issue date, making the final…
“The reason why we think that was happening is because of the unprecedented wealth that was generated post COVID, especially by the retail investors,” says Jigar Mistry, Buoyant Capital.The screen across is definitely red and we can debate about the factors that are in play for the Indian benchmark indices, maybe it is valuations, maybe…
“Overall Nifty earnings should stabilise going forward. So, we are of the opinion that Nifty 50 index if I look at the valuation is currently near to 10-year average level and hence I feel that we might see more consolidation at this level, but major downside is now over,” says Jitendra Gohil, Kotak Alternate Asset…
MUMBAI: RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and prevent frauds.All banks that are direct members or…
MUMBAI: RBI has formed a panel to guide ethical AI adoption in the financial sector. The committee on Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) will be chaired by Pushpak Bhattacharyya of IIT Bombay.Others in the panel include experts from academia, industry, govt, and regulatory bodies. Its mandate includes assessing AI adoption…
ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January 2012 directive that had mandated disabling of cash retraction in ATMs. The original decision was taken to prevent fraudulent activities at ATMs.ATMs are equipped with…
