Vi 5G Rollout, Fund Raising Vodafone Idea Ltd (Vi) on Monday said it is prepared for the rollout of 5G wireless service and plans to fold up its 3G services by FY22 as it bids to move towards becoming a 4G-focussed telco in a bid to boost revenue, although it would keep its 2G services running for years given that it has a large segment of basic phone subscribers. The...
Equity markets scaled lifetime highs in November lead by optimism over the COVID-19 vaccine and surging inflows to emerging markets. The mutual funds industry too reached a new milestone with AUM touching Rs. 30 trillion as of November. While this is impressive, equity inflows were disappointing. Investors pulled around Rs 13,004 cr from equity funds in November which is three times higher...
To make home loans cheaper, the Reserve Bank of India said that it will rationalise the risk weights and link them to Loan-to-Value (LTV) ratios for new housing loans sanctioned up to March 31, 2022. What it means is that banks are given a leeway while giving out larger housing loans. With reduced risk weights for loans above ₹75 lakh, the cost of lending to this customer segment will come...