Canara Bank has eliminated the average monthly balance requirement for all savings accounts, effective June 1, to attract deposits amid industry-wide challenges. The bank anticipates a revenue loss of a few hundred crores annually from waived penalties. However, it expects the move to encourage customers to invest in term and recurring deposits, providing an alternative to capital markets.
Stanley Fischer, a highly influential figure in macroeconomics, has passed away at 81. He shaped central banking in Israel and the US, mentored prominent economists like Bernanke and Draghi, and co-authored the widely used textbook "Macroeconomics." Fischer's impact on global macroeconomic policy is immeasurable, leaving behind a legacy of research, teaching, and policy decisions.
Economists anticipate the Reserve Bank of India will reduce interest rates this week. This decision comes amid decreasing inflation. Experts await the central bank's insights on inflation and economic growth. These insights will help determine the duration of the easing cycle. The goal is to stimulate demand in India's growing economy. The focus remains on consumption, investment, and global uncertainties.
Economists anticipate the Reserve Bank of India will reduce interest rates this week. This decision comes amid decreasing inflation. Experts await the central bank's insights on inflation and economic growth. These insights will help determine the duration of the easing cycle. The goal is to stimulate demand in India's growing economy. The focus remains on consumption, investment, and global uncertainties.
Aegis Vopak Terminals and Schloss Bangalore debut on June 2 with muted investor sentiment. Both IPOs saw modest GMPs and were driven mainly by institutional interest. Retail participation remained weak. Proceeds will be used for debt repayment and expansion plans.
The Tribune is launching a series of special reports to examine how corn and soybeans made Illinois an agricultural giant and the challenges a two-crop strategy presents amid a changing climate.
Promoter ownership stayed highest in IT; government stake led in Utilities. DMFs hit record highs across sectors, while FPIs trimmed Financials and IT but increased exposure to Communication Services.
Promoter holding dipped for a third quarter, while FPI and mutual fund ownership rose. Domestic institutions now surpass FPIs, with household equity wealth seeing strong multi-year growth.
The Sales to Total Assets Ratio gauges how efficiently a company uses its assets to generate revenue. A higher ratio signals strong operational efficiency, while a lower one suggests underutilized resources.
