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India’s forex reserves fall by $5.22 bn to near two-year low: RBI data MUMBAI (Reuters) – India’s foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to Sept 16, its lowest level since Oct. 2, 2020, Reserve Bank of India’s weekly statistical supplement showed on Friday. Reserves stood at $550.871 ...

Bitcoin mining farm: 3 new cloud mining projects in 2022 [ad_1] The last few years have seen a new wave of cloud mining projects with unique value propositions and compelling returns. They widely vary in features, functionalities, and mechanics; it is hard to choose the best. We have done the work for you. In this article, we take a detailed ...

Non-life insurers see 12% rise in gross direct premium income in Aug: Irdai Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed. In the same month a year ago, all the 31 non-life insurance companies in ...

These two banks’ special senior citizen FD schemes will close on September 30 [ad_1] Last dates to invest HDFC Bank and IDBI Bank special senior citizen FD scheme will close on September 30, 2022. ICICI Bank special senior citizen FD scheme, called Golden Years FD, will close on October 7, 2022. SBI has extended its special senior FD scheme to ...

nps: 10 Reasons why you should choose NPS for your retirement planning [ad_1] If social media scrolling has become your daily staple of consuming content, it’s likely that you may have come across a new breed of digital creators who are giving advice on financial matters. With millennials spending most of their time online, first-time investors especially from smaller towns ...

7th pay commission: 7th Pay Commission: Minimum qualifying service required for promotion of central govt employees revised [ad_1] The Union government has revised the norms of minimum qualifying service required for promotion of central government employees as per the 7th CPC Pay Matrix and Pay Levels. In an Office Memorandum dated September 20, 2022, the Department of Personnel & Training ...

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 [ad_1] The Reserve Bank of India (RBI) announced that it has withdrawn the Solapur-based Laxmi Co-operative Bank’s banking licence.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 ...