Canara Bank to raise Rs 3,000 cr in AT1, tier-II capital in H2FY23 Public sector lender Canara Bank plans to raise up to Rs 3,000 crore in capital through additional tier I (AT1) and tier II bonds in second half (October 2022-March 2023) to support elevated growth in credit. The bank, which is looking to keep capital adequacy at 16 ...

Weakening rupee to make import of crude oil, commodities expensive The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank’s upper tolerance level of 6 per cent. The pressure ...

High NPAs in education loan segment turn banks cautious, says PSB official High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks’ (PSBs) were 7.82 per cent at the end ...

RBI set for fourth straight rate hike to quell inflation, say experts The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rate for the fourth time in a row on Friday to tame stubborn inflation. The RBI, which has since May raised the short-term lending ...

Re has held back very well among peers against USD; RBI & FinMin watching developments: FM Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” when compared to other currencies against the US Dollar. The Reserve Bank and the Finance Ministry are keeping a very close watch over the developments, the finance ...

gland pharma stock: 6 must-reads of ET Wealth: 6 stocks with up to 41% upside potential, why Gland Pharma is this week’s stock pick [ad_1] Here is a curated list of the best Wealth stories of the week. We take a look at the 6 stocks that have seen their net profits rise faster than the economy, what to do ...

shivalik small finance bank interest rates: Shivalik Small Finance Bank revises FD, savings account interest rates [ad_1] Shivalik Small Finance Bank (SFB) has revised its fixed deposit and savings account (FD) interest rates. According to the bank’s website, the new rates are effective from September 19, 2022. Savings account Savings account interest is based on day-end balances kept in the ...

Rupee breaches 81: How your household budget could be impacted by falling rupee [ad_1] Rupee touches 81: How your household budget could be impacted by falling rupee [ad_2]

UPI Lite: Difference between UPI123 and UPI Lite [ad_1] Shaktikanta Das, governor of the Reserve Bank of India (RBI), introduced UPI Lite on September 20, 2022, to speed up and simplify low-value UPI payments. Users will be able to conduct real-time small-value payments up to Rs 200 using UPI Lite, an on-device wallet function, without entering a UPI PIN. However, ...

Transferring EPF account: What is Annexure K? [ad_1] Every time an EPF member transfers their PF amount from an exempted to an unexempted establishment (or vice versa), an EPF document called Annexure K is issued to them. An EPF document called Annexure K provides the member’s information, his PF accumulations with interest, his service history, his joining and leaving dates, ...