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.
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.
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.
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.
When you buy a vehicle, say a bike, you also take an insurance policy for your bike. Not all insurance policies will cover fiber parts of your vehicle, the add ons, which you may buy during the purchase of your bike. The standard comprehensive insurance motor policy will cover only the basic parts that come along with the bike.
Photo by Giorgio de Angelis from Pexels
