DSIJ Mindshare

After a long holiday weekend, Indian equity benchmarks are likely to react on Monday to the import duties imposed by the US on steel and aluminium. The big overhang will be the possibility of a full-fledged retaliatory trade and currency war. The SGX Nifty is indicating that the Nifty could open around 10,345 at the opening bell.  The ruling NDA put up a stellar show in the North-East assembly elections.

The Reserve Bank of India (RBI) has recently overhauled the rules governing bank loan defaults in order to curb the menace of burgeoning NPAs of banks. 

Car insurance is one of the most important insurance policies a person buys after life insurance, health insurance and home insurance. But it is quite a frustrating experience if the car insurance claim gets rejected due to some reason. Read on to know more.

The general perception about these frauds and defaults is that these could have happened only with the active connivance between the bank officials and promoters of businesses. This perception holds true in cases such as Nirav Modi’s, but the corruption of bank officials and dishonesty of the promoters are not the only reasons why such mega frauds and defaults happen.

The decision of India’s largest public sector bank SBI to hike the interest rate on retail deposits, followed by an increase in MCLR rate by up to 20 basis points may be a precursor to the upward movement of interest rates going forward.