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Banks’ net interest income soars by a record 25.5 pc in Q3: Analysis Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks ...

Federal Bank FD interest rates: FD interest rates: Federal Bank offers 7.25% interest to general investors, 7.75% to senior citizens [ad_1] Federal Bank recently revised its interest rates on fixed deposits (FDs) below Rs 2 crore. The highest interest rate offered by the bank can go up to 7.25 per cent for the general public and 7.75 per cent for ...

money management tips: 5 useful tips to manage your money after a job loss [ad_1] Thousands of job cuts have been announced in the first one-and-half months of 2023. The layoff wave has impacted not only startups but also big tech companies such as Amazon, Microsoft, Google, and Twitter. As many as 380 tech companies have axed 1,08,246 employees across ...

Transcending finances and finding purpose [ad_1] Life is beautiful for a lot of people. While for others, life is a wringer, with an ever-busy schedule, constant stress resulting in a listless, monotonous life. That was the case with Pritam who was doing well in his career but was feeling burnt-out. He was not enjoying it. He had already built a ...

eps pension: March 3, 2023, is last date to opt for higher pension from EPS but EPFO yet to issue circular [ad_1] The last date for eligible employees to apply for higher pension from the Employees’ Pension Scheme (EPS) is fast approaching. But there is still no clarity on how certain eligible individuals can opt for it. According to a ...

G-Sec auction lands on underwriters’ books after 5 months; 10-yr yield up Government bond prices plunged with the yield on the 10-year benchmark paper increasing to a two-week high, as a large portion of a scheduled sovereign debt auction unexpectedly landed on the books of underwriters to signal weak demand, traders said Friday. The yield ...

Outward remittance in April-December almost equal to FY22 figure: RBI Outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) continued its momentum in December, with Indians remitting over $2 billion during this period, latest data released by the central bank in its monthly bulletin showed. In the nine-month period between April ...

RBI net bought dollar in forex market for second month in December The Reserve Bank of India (RBI) net purchased $3.8 billion in the foreign exchange market in December 2022, marking the second consecutive month in which the central bank acquired dollars. The RBI bought $12.81 billion and sold $8.97 billion in the currency market in Dece­mber, data ...

India’s foreign exchange reserves post biggest weekly fall in 10 months The RBI’s foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10, marking the sharpest weekly fall since April 1, 2022. The reserves are at their lowest level since January 6, 2023. The fall for the second straight week ...

Monetary policy stance must remain disinflationary, says RBI report Following an unexpectedly sharp rise in the consumer price index (CPI)-based inflation in January, the state of the economy report of the Reserve Bank of India said inflation could be stubborn, and that the monetary policy stance needs to remain disinflationary, indicating that the central bank is unlikely to ...