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BusinessEconomic Times ·

Reserve Bank of India Governor says Iran-Israel conflict clouds global economic outlook

RBI Governor Shaktikanta Das stated that the conflict between Iran and Israel has created new global economic uncertainty. He made these remarks during an event on Monday. Das noted that the situation adds to existing geopolitical tensions affecting the world economy. The central bank is closely monitoring the developments for potential economic impacts.

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BusinessEconomic Times ·

Zerodha's youngest investor is a 28-day-old baby, records show.

A 28-day-old infant has become the youngest individual recorded to open an investment account with the brokerage firm Zerodha. The baby's parents initiated the account by submitting the necessary legal and identification documents. The account was opened as part of a long-term financial planning strategy for the child's future. This event highlights the growing trend of parents starting investments for their children at an early age.

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BusinessEconomic Times ·

New RBI proposal may lead to higher home loan rates for many borrowers.

The Reserve Bank of India has proposed new guidelines for how banks assess home loan risks. This could require banks to set aside more capital for certain high-value loans. The increased capital requirement would likely raise the cost of lending for banks. Consequently, they may pass this cost on to borrowers through higher interest rates. The proposal particularly targets loans where the amount is large relative to the property's value.

Cong can't even win ballots: Himanta after poll win · ShortSingh