EPFO issues circular on higher pension, clarifies which employees are eligible and how to apply [ad_1] The Employees Provident Fund Organisation (EPFO) has issued a circular on December 29, 2022, to comply with the Supreme Court’s direction on higher pension for eligible employees. The circular issued lays down the eligibility conditions for employees to get higher pension and how they ...

Nine NBFCs may fall below minimum capital requirement in baseline scenario As many as nine non-banking finance companies (NBFCs) from a sample of 152 could see their capital adequacy ratio fall below the regulatory minimum requirement, under the baseline scenario of Reserve Bank of India’s (RBI) stress testing, where it assesses the resilience of the sector to ...

Noida, Greater Noida authorities to invest Rs 1,812 crore for Intl’ airport The Noida Authority has decided to release Rs 1,359 crore and the Greater Noida Authority Rs 453 crore for establishment of the Noida International Airport, according to official statements. The Noida Authority and the Greater Noida Authority are 37.5 per cent and 12.5 ...

Banks’ net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI Rise in profitability that aided banks to improve their provisions has resulted in net non-performing assets (NPAs) to net advances ratio falling to 1.3 per cent in September 2022 – the lowest in ten years — the Reserve Bank of India’s (RBI’s) Financial Stability Report ...

Banks use quality liquid assets to fund credit growth: RBI report The decadal high credit growth amid slow deposit accretion and tight liquidity conditions have meant that banks are drawing down their high-quality liquid assets (HQLAs) to fund the demand for credit in the economy, the Reserve Bank of India’s (RBI) Financial Stability Report said. ...

Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI The RBI on Thursday said banks’ gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said ...

4 steps to take immediately if your credit card is lost or stolen [ad_1] [ad_2]

Indian banks to continue raising funds via debt market in Jan-Mar: analysts By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and ...

Rupee rangebound as dollar sales by exporters help in risk-averse market The Indian rupee strengthened a bit on Thursday, as traders cited dollar sales by exporters, but strong gains were not expected amid the holiday lull and risk aversion in broader markets. The rupee was at 82.78 per dollar by 10:05 a.m. IST, having firmed ...

Bank holidays in January 2023: Banks to remain closed for 13 days, check state-wise list here [ad_1] It is important for all bank customers to be informed of the dates of the January 2023 bank holidays so they may schedule their bank work accordingly. Bank holidays will differ from state to state. Republic Day, which is on January 26 this ...