BoI net profit down at Rs 2,221cr for FY22 on divergence in provisioning State-owned Bank of India (BoI) on Friday reported divergence in its asset classification for FY22, resulting in lowering of net profit for the year to Rs 2,221 crore. The lender had reported a net profit of Rs 3,404.70 crore for 2021-22. According to ...

IOB, Bank of Baroda raise MCLR rates by up to 0.10%, makes loan costly Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent, which will make most loans costlier for the customers. Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors, making ...

YES Bank NPA sale challenge: Arcil-Cerberus backs out of the race Asset Reconstruction Company (India) Ltd (Arcil) & Cerberus Capital, which was planning to challenge JC Flower’s Rs 11,183-crore bid for YES Bank non-performing asset (NPA) portfolio under Swiss Challenge method, has decided not to submit bids, sources aware of the development said. This could pave the way for ...

Features of LIC New Pension Plus plan [ad_1] Features of LIC New Pension Plus plan [ad_2]

Retail investors’ returns lowest in equity markets in 2003-22: Report Even as markets have grown manifold during the past two decades and so have mutual funds, retail investors made the least compared to fund houses in all asset classes as they have been churning their portfolios too fast when markets turned choppy, according to a report. According ...

Find out fee to update Aadhaar details online [ad_1] Mobile number mandatory In order to access Aadhaar Online Services, a registered mobile number is required. The mobile number cannot be updated online. To update your mobile number, you must visit the nearest Aadhaar Seva Kendra (ASK) or Aadhaar Enrolment Update Centre. [ad_2]

India’s forex reserves fall $8 billion in a week as RBI defends rupee The Reserve Bank of India’s (RBI’s) headline foreign exchange reserves declined by $7.9 billion to $553.11 billion in the week ended September 2, the latest central bank data showed. The reserves are at their lowest since October 9, 2020, the RBI data showed. ...

Senior Citizens Tax Saving FD: These tax-saving FDs offer interest rates above 7% for senior citizens [ad_1] Banks offer higher interest rates on fixed deposits (FDs) for senior citizens and rates differ depending on the bank. These are the banks offering best interest rates on senior citizen tax saving FDs. Bank Name Tax Saving Qly Compound Return Indusind Bank 7.50 ...

Two years after YES Bank fiasco, AT-1 bonds rekindle investor interest Just about two years ago, additional tier-1 bonds, which are a means of augmenting core equity for banks, were a pariah in Indian financial markets as a crisis in YES Bank caused enormous losses for those who had invested in these debt instruments. If the aggressive ...

How to generate Aadhaar Virtual ID [ad_1] Aadhaar Virtual ID is a 16-digit, temporary random number that is associated with the Aadhaar number. Every time authentication or e-KYC services are used, VID may be substituted for the Aadhaar number. VID can be used for authentication in a similar way to an Aadhaar number. Aadhaar numbers cannot be derived from VID. ...