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The Reserve Bank’s draft paper favouring deregulation of the interest rate on savings bank accounts has suggestd a cautious reaction from lenders who said the proposal would increase cost of operations. While the RBI argued that the freeing of savings deposit rate would increase opposition and innovation and benefit depositors, bankers said it could lead […]

Domino’s Pizza, a leading food brand and a market leader in the pizza home-delivery segment in India, is trialing credit card payments over the phone, for home delivery of its delicious and hot pizzas. This move comes as an attempt to making ordering your favourite Domino’s Pizza even more easy and convenient. With the help […]

Private sector banking major HDFC Bank on Wednesday raised lending and fixed deposit rates and in the process completed the latest round of rate hikes by the three leading banks in the country. Following a 50-basis points (100 basis points = 1%) slog in policy rates by RBI on May 3, ICICI Bank and SBI […]

Mutual funds offer liquid funds and ultra short-term funds in the debt category, which are proper for short investment periods. Ultra short-term funds were previous known as liquid plus funds. Liquid funds invest in money market instruments with a maturity of 91 days or less. However, there are no such restrictions for ultra short-term funds. […]

KV Kamath, currently the non-executive chairman of India’s largest private sector lender, ICICI Bank has said retail consumers would be the worst hit because of the continuing interest rate hikes. “The biggest impact and nobody has actually put that number into context is going to be the retail consumer. You and I are going to […]