Latest Business News, Investment Tips & Finance | Fanziz.

Finance
- 1.Bank deposits and credit saw a decline in mid-August.
- 2.Year-on-year, deposits grew 14.7% and loans 18.3%.
- 3.Banks are cutting high-cost deposits to manage costs.
- 4.FCNR deposits have seen significant inflows recently.
- 5.Credit growth fluctuations are not a major concern yet.
Bank Deposits Dive as Banks Play with Foreign Currency Funds
Hold onto your hats! In the latest banking twist, deposits plunged by ₹6,534 crore and credit dropped by ₹70,639 crore, according to the RBI. But don’t fret! Yearly, deposits are still up 14.7% and loans up 18.3%. Banks are just playing musical chairs with their money, focusing on those attractive foreign currency deposits. It’s a bit of a shuffle, but no need to panic just yet!
Finance
- 1.Gold has gained 9.6% over the past month.
- 2.US fiscal concerns and Federal Reserve policy drive gold demand.
- 3.Central bank buying and geopolitical tensions support gold rally.
- 4.Investors should view gold as a portfolio hedge, not a profit maximizer.
- 5.Carefully choose gold ETFs considering tracking error and expense ratio.
Gold's 9.6% Jump: Should You Buy More or Just Relax?
Gold is having a party, jumping up 9.6% this month! Investors are feeling a little happier, but remember, this shiny metal has been as steady as a cat on a hot tin roof for the past year. With the Fed's chatter and the US debt looming, gold's sparkling bright. Just don’t go all-in; think of gold as your trusty sidekick, not the main star!

