Blog

Rupee rises by 11 paise to 79.52 against US dollar in early trade The rupee appreciated by 11 paise to 79.52 against the US dollar in opening trade on Wednesday, tracking easing crude oil prices and foreign fund inflows. Forex traders said sideways USD/INR trades are likely ahead of crucial US inflation data. At the interbank ...

Central govt holidays in August 2022 The state’s central offices will be closed on August 9, 2022, in observance of Muharram, as per the Central Government’s Department of Personnel and Training order on holidays 2022. According to a Press Information Bureau press release dated August 5, 2022, “The central government offices in the state will be closed on August 9, ...

Banks wrote off Rs 10 trillion in last five financial years: Centre A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years. According to a reply by the Finance Ministry, during 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 ...

PSBs recover Rs 6.42 trn NPAs, written off loans since from FY15 to FY22 The public sector banks (PSBs) since FY2014-15 have recovered Rs 6.42 trillion of non-performing loans and written-off loans and have filed suits against 98.5 per cent of wilful defaulters, The Economic Times (ET) reported on Monday quoting government data.   From FY16 to FY21, the central ...

Top 10 websites for bad credit loans and no credit check loans online with guaranteed approval As expenses constantly rise and we face difficult situations in covering ordinary bills, tensions keep growing. Even if people decide to switch jobs, the relief is not immediate. Bad credit loans are a great way to help you get out of a problematic situation ...

HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank HDFC Bank, the largest private sector lender in the country, has raised its marginal cost of funds-based lending rate (MCLR) by 5 – 10 basis points (bps) across loan tenors, with effect from August 8. The interest rate hike comes after the six-member monetary policy committee (MPC) ...

[ad_1] A potential strategy for investors during a bear market is to ‘buy the dip’. In 2022, cryptocurrencies have crashed by 60%, after the highs set towards the end of 2021. Therefore, we will look to review the best crypto to buy in the crash. Spotlight Wire The top 5 best crypto crash coins to invest in 2022 The table ...

PNB Housing revamps ‘Unnati’ to offer Rs 9-12 lakh as affordable loans: MD&CEO Prasad PNB Housing Finance is revamping its ‘Unnati’ loan portfolio to go deeper into the affordable housing segment eyeing customers who need loans of Rs 9-12 lakh, MD & CEO Hardayal Prasad said.   PNB Housing has created a small vertical under Unnati which will be different ...

[ad_1] Hopping schemes Allocation to asset classes depends upon life stage, goals and risk appetite. Mutual funds allow an increase in allocation to an asset class using the systematic transfer plan (STP). This way, investors can transfer investments from one scheme to another. (Content courtesy CIEL, ET Contributors) [ad_2]

Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines The rupee fell 40 paise to close at 79.64 (provisional) against the US dollar on Monday amid waning risk appetite among investors. Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said. At the interbank foreign exchange ...