Three lessons in personal finance management from RBI’s inflation-targeting policy [ad_1] There’s finally some good news for the RBI and every Indian consumer on the inflation front. For the first time this year, retail inflation dipped below the central bank’s upper-tolerance limit of 6%, coming in at 5.88% in November. Since 2016, the RBI has been following an inflation-targeting policy ...

Icici Bank fd interest rate: ICICI Bank hikes FD interest rates by up to 60 bps; Senior citizens can earn 7.1% on this FD tenure [ad_1] The private sector bank, ICICI Bank, has hiked fixed deposit (FD) interest rates on retail (i.e., deposits up to Rs 2 crore) as well as bulk deposits (i.e., above Rs 2 crore but up ...

Rupee marginally lower against dollar, PSU banks help limit losses: Report The Indian rupee was a tad lower to the U.S. currency on Friday, with dollar sales by public sector banks saving the local currency from bigger declines. The rupee was quoting at 82.8375 per dollar by 10:20 a.m. IST, compared with 82.76 in the ...

Rupee | UPI: Digital Rupee: How is RBI retail e-Rupee different from UPI, NEFT, RTGS? [ad_1] The Reserve Bank of India (RBI) recently launched the pilot for its digital rupee — India’s very own digital currency. A central bank digital currency (CBDC) is a legal tender issued by a central bank in digital form. It is the same as a ...

Rupee slips 4 paise against US dollar in line with domestic equities The rupee depreciated 4 paise to 82.80 against the US dollar in early trade on Friday due to losses in domestic equities and risk aversion in global markets. However, a weak greenback overseas supported the domestic currency and restricted the decline, forex traders ...

EPF scheme: Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculation [ad_1] Usually, employees covered under the Employees’ Pension Scheme (EPS) know that they are eligible for a pension from the age of retirement. However, not many know that if they have been covered under the Employees’ Provident Fund (EPF) for ...

Rupee, bonds slide as US Federal Reserve shows no signs of pivot The rupee and government bonds weakened sharply on Thursday as the Federal Reserve continued to signal a policy of aggressive monetary tightening, disappointing traders who had bet on a softer tone, or a “policy pivot” from the US central bank. The rupee settled ...

SBI Interest Rate Hike: SBI hikes home loan, other loan interest rates; EMIs to rise further [ad_1] The State Bank of India (SBI) has raised its marginal cost of lending rate (MCLR) on select tenors by up to 25 basis points. Due to this latest MCLR hike, borrowers’ EMI outgo will increase further. The new interest rates are effective from ...

Slippages from restructured NBFC book increased in H1FY23, says Icra Under moratorium as a consequence of forbearance provided by the Reserve Bank of India (RBI) due to the pandemic, a sizeable portion of the restructured book of non-banking financial companies (NBFCs) has slipped into non-performing assets (NPA) in the first half (H1) of 2022-23 (FY23). This has ...

SBI Digital Currency: Digital Rupee: How SBI customers can load e-Rupee into wallets and make payments – Digital rupee is here [ad_1] The Reserve Bank of India (RBI) has identified eight banks for the phase-wise pilot launch of the retail digital rupee. Four banks including State Bank of India (SBI), ICICI Bank, YES Bank, and IDFC First Bank are taking ...