The broad-based reduction in risk weights across asset classes, including mortgages, MSME loans, corporate credit, and project finance, will free up capital and improve Common Equity Tier-1 (CET1) ratios for most banks.
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Passenger vehicle retail sales saw a 6% increase in September, with Tata Motors and Maruti Suzuki gaining market share. Hyundai and Toyota experienced a dip in their market share. In the two-wheeler segment, Hero MotoCorp’s market share rose, while Honda…
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India’s top jewelry retailers, Tanishq and Reliance Retail, experienced a decline in consumer deposits for deferred gold purchase schemes last fiscal year. This trend is expected to continue as soaring gold prices lead to reduced purchase volumes, impacting the popularity…
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The Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day for rooms. The court issued notices to authorities, challenging the tax rate’s link to room tariffs,…
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Many private insurers have already reduced commissions, including Niva Bupa, Care Health, ICICI Lombard, Aditya Birla Health, and Star Health, following the shift to 0 per cent GST on retail life and health insurance. Canara HSBC Life says one way…
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Indian rupee’s recent tight trading suggests the central bank is actively intervening to maintain a preferred level, traders noted. After hitting a record low, the currency has traded in a narrow band, indicating a shift from previous wider swings. This…
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