NPS partial withdrawal: When you can apply, how to apply explained [ad_1] The National Pension Scheme (NPS) is a government-backed pension administered by the Pension Fund Regulatory and Development Authority (PFRDA) to provide citizens with affordable social security. NPS is a low-cost, tax-efficient plan to which both employees and employers contribute. As an NPS subscriber, he or she cannot obtain ...

No more higher EPS pension: EPFO to review pension of these retired members [ad_1] EPFO has come out with a circular that will have a significant bearing on retired members who have been receiving a higher pension. As per the circular EPFO is reducing and reviewing the higher pension of the members who retired before 1 September 2014 without exercising ...

How to pay LIC premium using Google Pay [ad_1] Investors continue to consistently choose Life Insurance Corporation of India (LIC) policies. One of the most challenging tasks for any insurance customer is timely premium payment. To further ease the premium payment procedure, LIC also offers its customers to pay their premiums using UPI. According to the LIC website, “ . ...

Rupee appreciates by 9 paise to 81.52 against US dollar in opening trade The rupee appreciated by 9 paise to 81.52 against the US currency in early trade on Friday as crude oil prices were little changed ahead of the oil cartel OPEC’s meeting. Expectations of FII inflows into Rs 20,000 crore FPO of Adani ...

Tamilnad Bank to keep focus on small biz lending, open 25 new branches Tamilnad Mercantile Bank (TMB) has said it will continue its focus on the retail, agriculture and MSME (RAM) segments, retaining them for 80-85 per cent of its total loan portfolio. The Thoothukudi-based bank will open 25 new branches by March this year, ...

9 out of 10 individual traders in F&O segment making losses Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI. There has been a significant increase of over 500 per cent in the ...

Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr Reflecting the benefit of repricing of loans and robust credit offtake, private sector banks posted 31.7 per cent growth year-on-year (YoY) in net profit to Rs 35,166 crore in the third quarter ended December 2022 (Q1FY23). Sequentially, net profit rose by 12.6 ...

TVS Credit posts 75% rise in Q3; net profit rises to Rs 97.97 crore TVS Credit Services, a leading non-banking finance company, has posted a 75 per cent rise in net profit during the third quarter of the financial year 2022-23 to Rs 97.97 crore as compared to Rs 55.88 crore during the October to December quarter ...

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row After a sequential fall in November, due to high base and waning of the festival season effect, credit card spends have picked up again in December, recording over Rs 1 trillion for the 10th consecutive month. Latest figures released by ...

Securitisation of stressed assets: RBI floats paper on regulatory purview Securitisation refers to a process that includes the pooling of loans and selling them to an SPE, which then issues securities backed by the loan pool. In the case of securitisation of stressed assets, the originator of non-performing assets (NPAs) sells them to an SPE, which in turn appoints ...