RBI working on alternate arrangements for banks hit by EU oversight rule The Reserve Bank of India is working on alternate arrangements for banks whose local operations will get hit if Europe’s markets regulator withdraws recognition to Indian central counterparties. The RBI and European Securities and Markets Authority are clashing over ESMA’s demand to join ...

Latest savings account interest rates: SBI, ICICI Bank, HDFC Bank, PNB, Federal Bank [ad_1] Banks provide a variety of savings account types that can be used for various purposes. Savings account balances are kept there indefinitely unless they are withdrawn or paid out. Because of this, a savings account has a much lower interest rate compared to say an FD ...

Shriram Finance gets $100 mn funding from ADB for inclusive financing Shriram Finance (SFL), India’s largest retail NBFC and a part of the Shriram Group, has secured a long-term funding of $100 million from the Asian Development Bank (ADB). The five-year external commercial borrowing (ECB) loan is under SFL’s social finance framework. The fund will ...

Want to retire 5 years early? Here’s how much more you need to save [ad_1] Early retirement is increasingly becoming a popular aspiration for many people, especially among the young generation. Many success stories of early retirements have inspired a good number of people to actively explore if such a goal can be a reality in their case. However, no ...

What is ICICI Bank loan fraud case? Banking sector, meanwhile, turned the corner in 2022 and its stocks clocked maximum gains in the last five years. But this year will also be known for the arrest of sector giant Chanda Kochhar — who was one of the founding members of ICICI Bank. In this podcast, we explain what is the ...

NRE FD interest rates: SBI Vs HDFC Bank Vs ICICI Bank Vs Canara Bank vs PNB [ad_1] Non-Resident External Account allows you to park your international earnings in Indian currency in India. When you put money into this account, it is converted into Indian Rupees (INR). This means you can deposit money in any foreign currency, such as US dollars, ...

Rupee gains 16 paise to 82.71 against US dollar on firm domestic equities The rupee appreciated 16 paise to 82.71 against the US dollar in early trade on Friday, tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the ...

Who are not eligible for higher pension from EPFO| EconomicTimes [ad_1] Criteria 1 The employees who had retired prior to September 1, 2014, without exercising any option under paragraph 11(3) of the pre-amendment scheme have already exited from the membership thereof. (Therefore) They would not be entitled to the benefit of this judgement. [ad_2]

‘Important to arrive at a common international approach to crypto’: RBI The Crypto market remains volatile, and cryptocurrencies form “an unstable ecosystem”, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) released on Thursday. To address financial stability risks and protect investors, it is important to arrive at a “common approach to crypto ...

Top headlines: PM Modi’s mother passes away, bank’s NPA ratio at 10-yr low PM Narendra Modi’s mother Heeraben passes away at the age of 100 Prime Minister Narendra Modi’s mother Heeraben Modi passed away at the age of 100 years on Friday after being briefly admitted to a hospital in Ahmedabad. Informing about her ...