Federal Reserve promises rate cuts

The Federal Reserve Chair Jerome Powell in his address on Wednesday promised three interest rate cuts this year. In his speech, he spoke about confidence arising from a sustainable inflation reading, which is moving towards 2%.

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The RBI has requested banks to remain open on 31st March

The RBI has issued a new directive asking banks which are dealing with government businesses to remain open on Sunday, the 31st of March 2024. March 31st is, incidentally, the last financial day of the year. The RBI has requested concerned banks to open all its branches on the last day of the financial year.

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Sebi trial run for settling accounts the same day

The securities and exchange board of India has decided to start a trial run for settling accounts on the same day, which is T+0 day. The trial run will commence only for 25 select stocks and only a few select brokers will be allowed to take part in the trial run.

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Mumbai property prices may go down

Property prices in Mumbai are likely to go down, as buyers are reluctant to book new properties at the current price structure. The reason, as experts point out, is perhaps, high prices, and also the existing competition in the city.

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NBFC fears banks change their lending stance

After the recent RBI intervention on NBFC’s funding approach, the financial regulator has categorically stated that NBFC must put a stop to gold financing. The recent change in the RBI’s approach has created panic among leading NBFC institutions.

 

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