SBI General FY23 net profit jumps 40% to Rs 184 cr, premium up by 17.6% SBI General Insurance, the unlisted arm of State Bank, on Friday said its net income surged 40 per cent year-on-year to Rs 184 crore in FY23 on a gross written premium income of Rs 10,888 crore. The company said it could sustain the ...

EPF interest rate: Crucial EPFO board meeting begins today; EPF interest rate for FY2022-23 likely to be announced by tomorrow [ad_1] In order to determine the EPF interest rate on the retirement corpus for 2022–2023, the Central Board of Trustees of the EPFO is conducting a vital two-day meeting beginning on Monday in the national capital, according to a Times ...

India’s GDP to grow at 6.2% in FY24, RBI to cut rate in Q1: Morgan Stanley The full reopening of the economy last year, cyclical recovery in consumption, increased private sector capex, and acceleration on government spending will contribute for 6.2 per cent growth in India’s gross domestic product (GDP) in FY24, said Morgan Stanley in a report. ...

Mutual Fund Nomination Deadline Extension: Mutual fund nomination deadline of March 31 extended; check details [ad_1] The last date for mutual funds investors to specify nominee details has been extended to September 30, 2023. Earlier the deadline was March 31, 2023. Through a circular on March 28, 2023, the Securities and Exchange Board of India (Sebi) said, “Based on representations ...

Flows into NRI deposits jump 2.5x in April-February to $6.4 billion Flows into NRI deposits surge in April-Sept, but outstanding amount falling 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 State Bank of India, IDBI Bank hike retail fixed deposit ...

SBI Server Outage: SBI server down: Customers complain about issues regarding net banking, UPI on Twitter [ad_1] Many State Bank of India (SBI) customers were facing issues with net banking and UPI in some cases on April 3, 2023. The SBI users have complained regarding the bank server’s slow response on microblogging site, Twitter. The server is down or non-responsive ...

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 ...