Rising funding costs weigh on private banks

Rising funding costs weigh on private banks https://ift.tt/E1ormXd Kotak Mahindra Bank, the proportion of CASA deposits in total deposits fell to 52.8% from over 60% a year ago. Savings account deposits also declined 4% to ₹1.09 lakh crore from ₹1.14 lakh crore a year ago. For HDFC Bank, while time deposits expanded to ₹10.47 lakh crore of the overall deposits, the proportion of CASA deposits fell to 44.4% of the total deposits as on March 2023 versus 48.2% same period last year.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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