Indian bank’s performance till Dec 22 exceeds expectations: Fitch Ratings The pace at which the asset quality and profitability of Indian banks have improved has exceeded expectations, while capital buffers are broadly in line with Fitch Ratings’ projections. There is a further upside in performance and this could persist for longer than expected, according to the agency. ...

EPS 95 Pension: How will employees opting for higher EPS 95 pension compensate for lower contributions earlier? [ad_1] After the Supreme Court’s decision on November 4 last year to allow higher pension to eligible employees under the Employees’ Pension Scheme, 1995, (EPS 95) the Employees’ Provident Fund Organisation (EPFO) has now issued a circular explaining how it will be implemented. ...

Why giving property via will is a bad idea [ad_1] Gita had one complaint about my column. It favoured financial investments. That is not what people do in their real lives, she said. Financial investments are too complex to understand, involve a lot of paperwork, very tough to manage, and requires dealing with people who speak a language many don’t ...

MF portfolio doctor: Jain should exit underperformers to streamline investment portfolio [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The ...

Will gold price touch all-time high this year? [ad_1] Gold has been in sparkling form in recent months. Since October 2022, domestic gold price has shot up nearly 16%, rising from Rs.50,760 per 10 gm to Rs.58,800 per 10 gm. This sharp uptick has added gloss to gold’s long term return profile. Will the metal continue to shine? 2022 was ...

RBI acting to curb inflation, capital outflow: FM Nirmala Sitharaman Defending the interest rate hikes by the Reserve Bank of India (RBI), Finance Minister Nirmala Sitharaman on Monday said that the central bank is not necessarily synchronising with central banks of the developed world, but acting to control inflation and capital outflow. “None of us ...

Life insurance stocks good bets now: 5 stocks with up to 37% upside potential [ad_1] Budget proposals restricting tax benefits for non-Ulip insurance policies and increase in benefits in the new tax regime have heightened price volatility of insurance stocks. Between 31 January and 13 February, HDFC Life lost 11.1%, Max Life lost 11.7%, LIC lost 7.1% and both SBI ...

Axis Bank Loan Rates: Axis Bank hikes home loan, other loan interest rates by 10 bps [ad_1] Axis Bank has increased its marginal cost of funds-based lending rates (MCLR) across tenures by 10 basis points, according to the private sector lender’s website. The new rates are effective from February 18, 2023. Axis bank loan ratesAccording to the Axis Bank website, ...

Motilal Oswal AMC introduces new features in SWP; calls it ‘FAB’ plan Motilal Oswal Asset Management Company (MOAMC) has announced a new feature of its SWP facility called the Motilal Oswal Fixed Amount Benefit (FAB) Plan. Investors can withdraw a regular amount of their investment at a fixed percentage and at a predefined frequency, regardless of the ...

Employees Pension Scheme: Eligible employees who missed higher EPS pension option earlier can still apply: Latest EPFO circular [ad_1] If you have been a member of the Employees’ Pension Scheme (EPS) from before August 31, 2014 — and continue to be one even now — you have another window to opt for a higher pension. The Employees’ Provident Fund Organisation ...