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Bankers highly optimistic about credit demand across sectors: RBI survey Bankers are “highly optimistic” about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday. After sagging for the last two years, the non-food credit growth has been hovering above 15 per cent in FY23. ...

Moneyboxx cumulative disbursements reach Rs 440 crore till January Moneyboxx Finance Limited, a BSE-listed NBFC (non-banking finance company), has reached cumulative disbursements of Rs 440 crore up to January 2023, covering more than 26,000 borrowers across six states, with over 50 per cent of them being women entrepreneurs. The company is focusing on financial inclusion ...

India’s forex reserves post biggest weekly decline in over 11 months India’s foreign exchange reserves fell 8.3% in the week to February 10, logging its biggest decline in more than 11 months, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves stood at a one-month low of $566.95 billion at the ...

PM Kisan Next Installment: PM Kisan 13th installment: These farmers may not receive next instalment, here’s why [ad_1] PM Kisan beneficiaries are waiting to receive their 13th instalment, which will be released anytime soon. Last week, Meghraj Singh Ratnu told PTI, “It has been made mandatory for the beneficiaries of the PM Kisan Scheme before February 10, 2023, .” According ...

Borzo, Symbo tie up to provide insurance to over 50,000 delivery partners Borzo (erstwhile WeFast), a global intra-city courier delivery service, has partnered with Symbo India Insurance Broking to provide medical insurance benefits to all its 50,000 delivery partners. Borzo delivery partners will have easy access to Symbo’s comprehensive health insurance plans that address wellness and finances. ...

IDFC FIRST Bank revises savings account interest rate, offers up to 7% [ad_1] IDFC FIRST Bank has revised interest rates on its savings accounts, with effect from February 15, 2023. Interest on savings accounts will be calculated in a progressive manner for IDFC First Bank customers. According to the bank website, for savings account balances up to Rs.10 lakh the ...

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has likely been selling dollars in the non-deliverable forward (NDF) market this week to prevent the rupee from weakening past 83 per dollar, five bankers told Reuters on ...

IndusInd Bank offers up to 7.5% FD interest rate to general public, 8.25% to senior citizens [ad_1] IndusInd Bank has increased interest rates on fixed deposits with balances under Rs 2 crore. According to the bank’s website, the new rates are effective from February 16, 2023. After the hike, regular depositors can now earn the highest interest rate of up ...

EPFO update: What happens to EPF account’s interest if employer fails to deposit contribution [ad_1] To avoid paying penalties and interest, employers must make sure Employee Provident Fund (EPF) contributions are made on time. According to a ruling made by the Supreme Court in February 2022, an employer is required to cover damages if an employee’s Employees’ Provident Fund (EPF) ...

Rupee depreciates 8 paise to 82.78 against US dollar in early trade The rupee depreciated 8 paise to 82.78 against the US dollar in early trade on Friday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.77 against ...