India’s forex reserves up $1.65 bn to $586.4 bn, shows RBI data India’s foreign currency reserves rose by $ 1.65 billion to $586.41 billion in the week ended April 14, 2023. The rise in reserves in the reporting week was on account of a $ 2.2 billion accretion to currency reserves that took them to $516.6 billion, shows Reserve Bank ...

SBI outage: SBI server down: Why State Bank of India net banking, UPI were down yesterday, bank clarifies [ad_1] The country’s largest lender State Bank of India (SBI) digital services were down on April 3, 2023, and many SBI customers vented their complaints on Twitter. Services like net banking, UPI payments, and the official SBI app (YONO) were not working ...

Remittances decline 23% sequentially to $2.1 billion in February Outward remittances in February under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data released by the central bank, in its monthly bulletin, revealed. In February, Indians remitted $2.1 billion under the RBI’s liberalised scheme. On a year-on-year (YoY) basis — ...

Cibil Report Delay Compensation: Borrowers to get compensation for delay in correction of credit report by credit information companies [ad_1] Borrower will soon get compensation against the deficiency in service of credit information companies (CICs). The RBI has proposed to improve the grievance redressal mechanism for borrowers. The proposal is to set up a compensation mechanism for customers for delay ...

RBI paper sees enough signs of firming up disinflationary trends Defending the surprise unanimous pause in the April policy after a steep 250 bps hikes in six consecutive steps since May 2022, an RBI paper sees “enough early signs of disinflation firming up into a central tendency” — meaning going forward, more monetary policy actions may not be warranted. ...

post office scheme: Higher interest rates see money flowing to post office schemes [ad_1] Financial planners believe April is likely to see money flow into fixed-income postal savings plans after the government announced higher rates on several postal products for the April to June 2022 quarter. Those increases coincide with the federal move to remove indexation benefits on debt mutual ...

Flows into NRI bank deposits in India top $6 bn mark in April 2022-Feb 2023 A further analysis indicated FCNR (B) deposits were $18.4 billion this February, marginally up from $18.2 billion in January The bank accounts of non-resident Indians (NRIs) held in the country received $6.4 billion during April 2022-February 2023, more than twice the $2.35 billion during the ...

personal finance: How to manage loans & credit rating, avoid defaults: Aparna Ramachandra [ad_1] Aparna Ramachandra, Founder Director, Rectifycredit.com, says in the case of personal loans, obviously the penalty charges are higher. But when it comes to home loans, there are three charges there. There is something called a check bouncing charge or bounce charge because the lender has come ...

RBI allows HDFC Bank to meet priority sector goal in 3 years post merger RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 HDFC Bank shares fall post Q3 ...

smallcap mf: Small cap mutual funds offer 19% in 10 year. Want to invest? [ad_1] Mutual fund advisors have been asking investors to go for equity mutual funds, especially small cap funds in a big way as they think the valuations have become very attractive lately. ETMutualFunds recently wrote a story where three advisors spoke about the reasons why they ...