EPF e-passbook facility working again on EPFO portal [ad_1] After being down for more than a week, members of the Employees’ Provident Fund Organisation (EPFO) can now access their online EPF passbook. The e-passbook facility has been unavailable for the past several days, which inconvenienced many EPF subscribers . The passbook page was not accessible due to “technical maintenance related ...

Rupee closes at 81.37 against dollar amid muted trend in domestic equities The rupee settled 7 paise lower at 81.37 (provisional) against the US dollar on Thursday, weighed down by a muted trend in domestic equities and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 81.45 against the greenback, and finally ...

5 money moves that can make you richer in 2023 [ad_1] [ad_2]

RBI bought net $4.36 billion in spot forex market in November, shows data The Reserve Bank of India (RBI) bought a net of $4.36 billion in the spot foreign exchange market in November, data released on Thursday as part of the central bank’s monthly bulletin showed. The RBI said it purchased $22.28 billion and sold $17.92 billion ...

eRupee can’t be turned into cash directly, for now [ad_1] (This story originally appeared in on Jan 19, 2023) Mumbai: Currency notes cannot be directly exchanged for central bank digital currency (CBDC), or the eRupee. Issuance of CBDC can happen only against deposits. However, the reverse — allowing cash to be withdrawn against eRupees — may be allowed in future. ...

Japanese banks get home regulator’s nod to settle all trades via CCIL Japanese banks have received a go-ahead from their country’s regulator to deal with the Clearing Corporation of India (CCIL) for settling all transactions, The Economic Times reported on Thursday. This move by the Japanese regulator may put pressure on a few overseas regulators, including the ...

HDFC planning to raise funds by issuing commercial papers maturing in 1 mth MUMBAI (Reuters) – India’s Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday. The non-banking finance company will offer a yield of 7.88% on this issue, and has received commitments ...

Asset quality of Indian banks will be stable in 2023, says Moody’s The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody’s Investors Service in its latest report on the banking sector in emerging markets. Indian banks will benefit from a stable operating environment and significant improvements ...

Taxmen probe rich Indians for having foreign policies without approval Several wealthy Indians have either purchased or have become nominees in foreign life insurance policies without the approval of the Reserve Bank of India, The Economic Times reported Thursday. Tax officials are now asking these rich Indians to expalin why their names have figured in these insurance ...

Rupee opens at 81.45 per dollar as growth fears hit risk sentiment By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to weaken at open against the U.S. dollar on Thursday as mounting global growth concerns prompted investors to exit risk assets. The rupee is tipped at around 81.45 to the dollar in ...