Rupee recovers from 82.95 per dollar on likely heavy USD sales by RBI After coming within touching distance of weakening past the 83 per dollar mark for the first time in four months, the rupee recouped losses on Monday as the Reserve Bank of India (RBI) likely stepped in to prevent excess volatility in the currency market ...

Can NRI ask a resident to operate his NRE/NRO accounts on his behalf? – Types of accounts NRIs can hold [ad_1] A Power of Attorney holder cannot do the following acts : 1) Open and close NRI a/cs. in the name of NRI 2) Repatriate funds from a/c. in the form of DD/TT etc.., unless specified in P.A. 3) Give ...

Credit growth of banks accelerates 16.8% in December quarter: RBI MUMBAI (Reuters) – Indian banks’ credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed. Bank credit had expanded by 8.4% in the quarter ended December 2021 and 17.2% in ...

New bank locker agreement rules: All you need to know [ad_1] [ad_2]

Small Finance Bank FD interest rates compared: Who is offering the highest rate? [ad_1] Small finance banks (SFBs) continue to offer the highest interest rates, ranging from 8 per cent to 9 per cent on fixed deposits (FDs) to general citizens. Do remember that deposits under the small finance banks are also covered by the insurance of Deposit Insurance and ...

SIP v/s SWP v/s STP [ad_1] Different strategic methods of systematic investment and withdrawal from Mutual Funds. Here’s how you can distinguish between SIP, SWP and STP. [ad_2]

india: Invest in India, Invest in Growth [ad_1] One of the fastest growing economies in the world, India is the land of opportunities for investors. It is currently the 5th largest economy in the world and projected to grow at 6.7% in 2022, the fastest in the world during the year. Don’t miss out on ET Prime stories! Get your ...

RD interest rates compared: SBI vs HDFC Bank vs ICICI Bank vs PNB vs YES Bank vs PNB [ad_1] With the recurring deposit plan, the investors can build up a sizable sum at maturity by making tiny monthly deposits. You can earn interest by setting up a recurring deposit option and depositing a specific sum of money each month. A ...

MFIs’ net profit more than doubles in Q3 on buoyant interest income Emerging from the shock of the pandemic period, the net profit of listed microfinance institutions (MFIs) and MFI subsidiaries of listed firms more than doubled year-on-year (YoY) to Rs 508 crore in the third quarter ended December 2022. The buoyant interest income – 25 per ...

With volatility increasing in the capital market, now is the right time to consider phygital investing. Read to know why! [ad_1] Today’s world is full of uncertainties surrounding health, wealth, inflation and more. With inflation rising, it is not hard to decode its impact on our pockets and living expenses. Providing basic life amenities is getting expensive for most people ...