Multi-asset allocation funds - A simple solution for portfolio diversification

Want to diversify your portfolio. Here's how you can do so by investing in Multi-asset allocation funds

from Banking/Finance-Industry-Economic Times https://ift.tt/evNij4m

Should you go for multi-asset allocation funds?

What are multi-asset allocation funds? Should you invest in it for a long term prospect? Read to know more

from Banking/Finance-Industry-Economic Times https://ift.tt/TH1xYX4

Banks selling bond holdings to meet credit demand; loan rates may rise

Banks' incremental credit to deposit ratio, or the proportion of new deposits that banks use for fresh lending, has gone past the 100% mark. That indicates that banks are liquidating their investment portfolio to meet credit demand, putting further pressure on system liquidity.

from Banking/Finance-Industry-Economic Times https://ift.tt/EMkvrfa

UPI fund transfer timed out? NPCI developing real-time fix

NPCI is working on a feature that will allow real-time settlement of such transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/I1TgX0b

Punjab & Sind Bank chief declares war against bad loans

Punjab & Sind bank will also be transferring bad loans worth over five billion rupees to national bad bank which will also help to trim toxic assets. Gross non-performing assets for the bank for the June quarter was at 11.34%, higher compared to its peers. At a system level too, bad loans have been coming down and was at a six-year low of 5.9% in March 2022 which the country's central bank expects to decline further.

from Banking/Finance-Industry-Economic Times https://ift.tt/wU3BzPk

HDFC Bank pledges Rs 108 Cr for IISc’s Bagchi-Parthasarathy hospital

IISc is setting up a multi-specialty, not-for-profit, 832-bed hospital, called the Bagchi-Parthasarathy Hospital, along with a PG Medical School within its Bengaluru campus. The hospital is expected to be fully functional by the end of 2024 while the first batch of MD/PhD students will be admitted in the year 2025.

from Banking/Finance-Industry-Economic Times https://ift.tt/7Vcgitv

Things you must know before investing in a multi-asset allocation fund

Few things to help you make a prudent choice before investing in a multi-asset allocation fund

from Banking/Finance-Industry-Economic Times https://ift.tt/FxjOsBH

Why investing in a multi-asset allocation fund makes sense in a volatile market

The reason why, during a volatile market, you should invest in multi-asset allocation fund

from Banking/Finance-Industry-Economic Times https://ift.tt/hWbEUG5

Cos with local investment grade ratings eligible for ECB relaxation: RBI

Companies rated investment grade locally can make use of the central bank's relaxed rules on external commercial borrowings, the Reserve Bank of India (RBI)

from Banking/Finance-Industry-Economic Times https://ift.tt/g2JmhoY

Govt eyes 'control premium' to part with its stake in IDBI Bank

According to government and stock exchange data reviewed by ET, the government has pumped in ₹27,000 crore into IDBI Bank between April 1, 2010 and March 31, 2021. Data show the government acquired 4.5 billion shares in IDBI Bank during this 11-year period. This brings its weighted average cost of acquisition to ₹60 a share.

from Banking/Finance-Industry-Economic Times https://ift.tt/z8Cuoa3

Banks' financial metrics are flashing red on the interest rate signal

Banks' incremental credit to deposit ratio, the proportion of fresh deposits that banks use for fresh lending, has gone past the 100 percent mark. That signals that banks are selling their investment portfolio to meet credit demand adding pressure to liquidity in the system.

from Banking/Finance-Industry-Economic Times https://ift.tt/U9VJRrh

Karnataka Bank gets 3 new GMs

Karnataka Bank has promoted three of its Deputy General Managers Jayanagaraja Rao S, Ananthapadmanabha B and Ramesh Bhat as General Managers. Rao is a postgraduate in business administration with PG diplomas in management and operations management, while Ananthapadmanabha is a PG diploma holder in computer applications and Bhat is a post-graduate in agriculture.

from Banking/Finance-Industry-Economic Times https://ift.tt/iJWNd3Z

ITR filing deadline missed? Check how much fine you will have to pay for filing belated ITR

If you have missed the deadline of filing income tax return for FY 2021-22 i.e., July 31, 2022, then an individual has an option to file the belated ITR. However, an individual is required to pay a late filing fee if he/she is filing belated ITR. The last date of filing belated ITR is December 31, 2022.

from Tax-Wealth-Economic Times https://ift.tt/UMeVo10