NPS partial withdrawal rule changes from January 1, 2023: What is the change? Who will be impacted? [ad_1] [ad_2]

Religare Finvest signs settlement agreement with all its lenders for OTS Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company ...

Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked by up to 110 bps for March quarter [ad_1] The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. The finance ministry made this announcement via a circular issued on December 30 2022. ...

Indian rupee ends 2022 as worst-performing Asian currency, falls 11.3% By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to tame inflation. The ...

Things to consider before prepaying your home loan| EconomicTimes [ad_1] Tax deduction for home loan On the main amount of your home loan that you repay, you are eligible to claim a tax exemption of up to Rs. 1.50 lakh every fiscal year. Additionally, interest paid on mortgage loans is excluded from taxes (full interest amount is allowed as exemption ...

What is Chanda Kochhar 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 ...

Bank lockers customers should renew agreement with bank by January 1, 2023 – New locker agreement [ad_1] Banks could encounter circumstances when the locker-hirer does not maintain the locker or pay the fee. Banks are permitted to demand a Term Deposit at the time of allotment, which would cover three years’ rent plus the costs associated with opening the locker ...

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 ...