Category: Financial News
RBI’s Withdrawal of ₹2000 Currency: How Will the Market React?
The Reserve Bank of India (RBI) has clarified that ₹2,000 notes will continue to be legal tender. From May 23 to September 30, individuals can exchange notes up to ₹20,000 at a time. What do you need to know about the ₹2000 note withdrawal? The introduction of the ₹2000 note in November 2016 quickly fulfilled…
SBI Posted 16,694 Crores of Net Profit. How can you benefit from this? 4 Key Points.
State Bank Of India’s Q4 financial report as SBIN posted a net profit of INR 16,694 Crore.
20% TCS on credit card use outside India.
Overseas credit card spending will be subject to the LRS and a 20% TCS. This measure aims to regulate and monitor overseas transactions made by individuals using credit cards.
Brokerages Estimate 68% rise in SBI Stock Price | Should you Buy it?
SBI has given a return of hoping 145% in the last 5 years. Whereas the Bank Nifty index has given a return of 69.67 % Brokerage houses are giving thumbs up to SBI Bank. Kotak Institutional Equities expects SBI to report a net profit of Rs 15,889.7 crore, up 74 percent on-year, and 12 percent…
WPI Inflation in India for April falls to -0.92%.
The Wholesale Price Index (WPI) inflation has been on a downward trend recently, reaching 1.34 percent in March. This marks a significant decline from the 3.85 percent recorded in February and the 4.73 percent in January. What is WPI Inflation? The Wholesale Price Index (WPI) is a metric that reflects the prices of goods at…