Yes, there has been a fair bit of activity on balance transfers in the home loan segment. This is because some of the housing finance companies (HFCs) have not been passing on the rate cut benefit to their existing customers. The internal benchmark rate at HFCs, to which rates are linked, has not moved down in line with reduction in borrowing costs. Therefore, we are seeing a lot of those customers opt for home loan balance transfers to banks, where the rates are linked to a transparent external benchmark such as the repo. Banks are thus gaining market share in mortgages. … [Read more...] about Secured loan book back to pre-COVID levels: Axis Bank
Online bank account free no deposit
"The short term trend of Nifty is choppy and the market is expected to move in a range of 13,100-12,800 levels by next week. The study of long term charts like weekly and monthly timeframe signal crucial overhead resistance for the market around 13,100-13,150 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. … [Read more...] about NSE, BSE shut today on account of Gurunanak Jayanti
There are mainstream luxury watchmakers and then there are independent luxury brands which are coveted by watch geeks and those who want to break from the herd. Ressence is one such maker. It even calls itself a “horological start-up”, bringing together two words belonging to different generations. And even in a market like India, where the Patek-Rolex-Omega-Hublot juggernaut is hard to beat, Ressence says its watches, which routinely cost more than Rs 10 lakh, have done well. … [Read more...] about Online focus, festive season makes luxury watch players optimistic about India
From the Google walkout protesting the company’s sexual harassment issues to the letter from Facebook employees of color detailing the micro (and macro) aggressions they say they’ve experienced at the company, tech workers have been trying to demand better from their employers. Some Amazon workers demanded that Jeff Bezos stop providing its Rekognition technology to law enforcement departments; others have asked the company to strengthen its climate policies. Now that these techniques have been proven to work, how else can tech workers organize to change their industry? As part of a new online school, tech workers will explore how else to organize creative protests. … [Read more...] about This online activism class will teach tech workers how to ‘remake their companies from below’
IDBI has raised Rs 4,408 crore in FY18 by selling stakes in its subsidiaries. In addition, the bank got Rs 12,865 crore through recapitalisation bonds (Rs 7,881 crore, govt hiked stake to 85.96 percent at Rs 71.8 per share) and capital infusion from LIC and the central government. After the capital infusion, the capital adequacy ratio (the capital as a percentage of risk- weighted assets of the bank) would be close to 14 percent on FY18 numbers. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?