In Other News
RBI panel suggests 4-tier structure for urban co-op banks
The committee has also suggested setting up an umbrella organisation with a minimum capital of Rs 300 crore to oversee UCBs
Monetisation plan unveiled
The finance minister further said the Centre will also incentivise states to monetise their public assets
Banks queue up to raise billions
HDFC on Thursday raised $1 billion by issuance of AT-1 bonds, priced at 3.70%, which is 42.5 basis points lower than initial price guidance
Jewellers oppose HUID plan
HUID is against customer interest and against the principle of ease of doing business, say jewellers
Drop in global prices hits metal stocks
The BSE Metal index fell 6.90 per cent compared to 0.54 per cent fall in the Sensex. Nifty Metal index also fell 6.43 per cent
Jewellery to soon get ID to find out authenticity
The HUID number will make the entire stock of jewellers and the sold inventory traceable
Freedom from financial woes
Your household expenses should not be more than 30-35 per cent of your income
HDFC Q1 profit falls 1.7% to Rs 3000 cr
The company said the profit numbers for the quarter are not directly comparable with those of the previous year
Forex reserves up by $135 bn in pandemic
As on July 16, 2021, foreign exchange reserves stood at $612.7 bn against $477.8 billion at the end of March 2020, up by $134.9 billion
Prime Minister launches e-RUPI
e-Rupi voucher will be delivered in the form of a QR code or SMS string-based e-voucher to the beneficiary’s mobile number