RBI cancels Laxmi Co-operative Bank’s licence: Will depositors get their full money back? [ad_1] The Reserve Bank of India (RBI) announced that it has withdrawn the Solapur-based Laxmi Co-operative Bank’s banking licence. The bank will cease to carry on banking business, with effect from September 22, 2022. According to RBI’s notification issued on September 22, 2022, Laxmi Co-operative’s licence was ...

LIC Housing Finance revises home loan interest rates [ad_1] LIC Housing Finance (LIC HFL) has revised the benchmark prime lending rate (LHPLR). The benchmark prime lending rate is used in the pricing of home loans. The revised interest rates on house loans are effective from September 20, 2022. LIC Housing’s revised prime lending rate (LHPLR) as per its website is ...

October 2022 Long Weekend Holidays: When is the next long bank holiday weekend in October 2022? [ad_1] In October 2022, banks will be closed for 21 days, including the second and fourth Saturdays and Sundays. According to Reserve Bank of India (RBI) regulations, banks will be closed on all national holidays, with some state-specific regional holidays. India, the nation of ...

India OIS curve may steepen on overcooked rate hike bets: BofA Securities A part of India’s overnight indexed swaps curve, a gauge for future policy rates, may steepen as investors are pricing in a more hawkish-than-expected central bank stance, BofA Securities said on Friday. BofA expects the Reserve Bank of India to raise rates by 25-35 basis ...

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how to get lost property papers back: What to do if you have lost property papers [ad_1] If the owner does not have the registration details in hand, they can search for the details at the sub-registrar office and then submit the application. Synopsis Losing the property documents can result in a nightmare for the owner. Without having an original ...

Rupee falls to fresh low on relentless strength in dollar after Fed hike The rupee depreciated to a fresh low against the US dollar on Friday as sentiment for the domestic currency remained weak in the face of a rapidly strengthening greenback. The dollar has surged globally over the last couple of days as the Federal Reserve has signalled ...

UCO Bank becomes first lender to get RBI’s approval for rupee trade Public sector lender UCO Bank has received the Reserve Bank of India’s (RBI’s) approval to open a special vostro account with Gazprombank of Russia for trade settlement in Indian rupees. The Kolkata-based lender is the first bank to receive regulator’s approval following the RBI’s decision to allow ...

RBI cancels licence of Solapur-based Laxmi Co-operative Bank The Reserve Bank of India on Thursday said it has cancelled the licence of Solapur (Maharashtra) based The Laxmi Co-operative Bank Limited as the lender does not have adequate capital and earning prospects. As per the data submitted by the cooperative bank, more than 99 per cent of the ...

Rupee hits new low vs USD on hawkish Fed; poll shows currency at 81 by Dec The rupee on Thursday hurtled to a new low against the dollar, weakening 1.1 per cent, as the Federal Reserve (Fed) on Wednesday not only raised interest rates but signalled a longer monetary tightening cycle than was expected earlier. After suffering ...