Blog

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes The Indian rupee weakened sharply versus the dollar on Monday as a stronger-than-expected US jobs report rekindled concerns over aggressive rate hikes by the Federal Reserve, dealers said. At 10:00 am IST, the rupee was trading at 79.54 per dollar as against 79.25 per dollar at ...

[ad_1] Banks in India are closed on certain festivals, which vary from state to state. Many states observe Raksha Bandhan, which falls on August 11 and 12 depending on the state. Here is a look at states where banks will be closed for Raksha Bandhan, i.e., August 11 and 12. August 11, 2022 (Thursday) Raksha Bandhan-Gujarat, Madhya Pradesh, Uttarakhand, Rajasthan, ...

Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2 Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033 billion to $803 million from a year-ago quarter which is a sharp drop of nearly 60 per ...

[ad_1] has hiked interest rates on fixed deposits under Rs 2 crores, according to the bank’s website. The new rates will be effective from August 10, 2022. The bank has hiked rates by up to 25 basis points across tenures. Fixed deposits maturing in 15 days to 30 days have been raised to 2.65 percent, while term deposits maturing in ...

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) ...