Floating-rate home loans linked to the repo rate will be directly affected, impacting both existing and new borrowers. Lenders have started increasing rates on new loans, particularly with the festive season approaching. As of Thursday, Punjab National Bank, Bank of Baroda, Bank of India and Indian Bank, among others, had increased their repo-linked benchmark lending rate (RBLR) by 25 bps.
The US Federal Reserve meeting on June 16-17 weighed concerns around rising inflation as the lingering impact of tariffs, the closure of the Strait of Hormuz, and the impact of AI buildout raised upside risks. The meeting was chaired by the newly appointed Fed Chairman Kevin Warsh. The committee unanimously decided to hold the rates…
Six midcap stocks, including Bosch, Siemens Energy India and Lenskart Solutions, could be reclassified as largecaps in AMFI’s H1 CY27 rejig, while NSE is expected to enter the largecap segment.
The yen crept higher against the dollar, largely shrugging off weaker-than-expected Japanese GDP data as traders postponed expectations of a rate hike from the Federal Reserve this year. The yen was 0.2% stronger against the U.S. dollar at 159.055 yen, on track for a second straight day of modest gains against the greenback but still…
An emergency fund is an important component of long-term financial planning that sets aside money for those unexpected, but urgent situations. It is key to separate your emergency fund from your regular savings and regularly assess and adjust the savings as needed to ensure that no sudden circumstances (such as job loss, sudden car repair,…
Your salary has increased, yet saving still feels difficult. A friend earns less but seems more financially secure. Why does this happen? Morgan Housel’s The Psychology of Money, released in September 2020, explores how behaviour shapes financial decisions. Knowing calculations helps. But patience, fear and habits also influence money choices. Its lessons apply to situations…
Small-cap indices have significantly outperformed large caps over the past year, leaving investors to decide whether to continue their systematic investment plans (SIPs) or redirect fresh investments towards large-cap funds. While historical data suggests that periods of sharp small-cap outperformance can be followed by mean reversion, experts say investors should not change their investment strategy…