India has been the fastest-growing major economy for the third successive year. Despite global headwinds, including geo-political realignment, India’s economy would continue its strong and resilient growth of 6.7% in FY 2024 and 6.2% in FY 2025. The first Advance Estimates of National Income 2023-24 placed macro-economic growth at 7.3% in FY 24 vis-a-vis 7.2% … Read more
Three more Commonwealth Bank branches across Australia are set to close next month. The branches in well-populated areas of Coogee in NSW, Coolangatta in Queensland, and Adelaide’s Rundle Mall in South Australia, will be shuttered by March 1, according to the bank. Commonwealth Bank called the permanent closures a “difficult decision” based on progressive declines … Read more
When a “peckish” Perth man popped into a petrol station for a bottle of water and a chicken and vegetable pie, he was handed $9 in change, but quickly noticed it was worth much more. The $2 coin in the palm of Joel Kandiah’s hand, which can fetch up to $110, was enough to stop … Read more
NAB is set to continue closing down its branches across the country, with 13 on the chopping block this year. The branch said the decision was “difficult” but that it was made due to changing customer banking habits. “With more customers choosing to bank online, over the phone, or by video, and because fewer customers … Read more
Major Australian bank Bankwest has announced it will be closing more branches in response to changing customer needs as use of digital banking services grows. The bank, which serves over a million customers across Australia, will be closing two branches — in Maddington in Perth’s southeast and Kununurra near the WA-NT border. The bank previously … Read more
A Tasmanian couple has been saved from an online investment scam by their bank teller, who refused to allow the couple to transfer $40,000 from their account. The request immediately set off alarm bells for Erin Bugg, a customer adviser at NAB Bank. The couple told her they had tried to transfer $40,000 — the … Read more
At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone. Our News, Politics and Culture teams invest time and care working on hard-hitting … Read more
Former Sunrise host-turned Compare the Market economic director David “Kochie” Koch has crunched the numbers to expose a growing wealth gap in the housing market. He linked spending by those in the older generation to a boom in inflation, and explained how mature Australians have been shielded from rate rises, in a “tough pill for … Read more
India is undergoing an industrial renaissance and the country is the most promising structural growth story in Asia over the next decade, an HSBC Global Private Banking release said on Wednesday, quoting HSBC’s Chief Investment Officer (CIO) James Cheo. Cheo has picked Indian banks, consumer discretionary and IT companies as his top bets in the … Read more
A $100 million settlement has been reached on behalf of Colonial First State superannuation fund members who were allegedly charged excessive fees, with thousands eligible for reimbursements. The class action alleged the super trustee charged excessive fees as part of arrangements to pay ongoing commissions to financial advisers who did not provide continuing services to … Read more
