[ad_1] Bloomberg last week became the second major global firm to announce inclusion of Indian government securities in an emerging market bond index after JPMorgan Chase (Sept 2023). These moves are seen to boost dollar inflows into the country and bring down the rate of interest. Since these indices are widely followed by global bond…
[ad_1] The Employees’ Provident Fund Organisation (EPFO) has announced a three-year high interest rate of 8.25% on employees’ provident fund (EPF) deposits for the fiscal year 2023-24. This decision was made by the EPFO‘s apex decision-making body, the Central Board of Trustees (CBT), during their meeting on Saturday. The interest rate for the previous fiscal…
[ad_1] NEW DELHI: Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2023-24. In March 2023, the Employees’ Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.15 per cent for 2022-23 from 8.10 per cent in…
[ad_1] HDFC Bank FD rates: HDFC Bank has increased fixed deposit interest rates for select tenures by as much as 25 basis points (bps) for deposits below Rs 2 crore. These updated FD rates came into effect starting February 9, according to information provided on the HDFC Bank website.What are the latest FD rates offered…
[ad_1] EPFO interest rate FY24: The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) is expected to propose an interest rate of around 8% for the financial year 2023-2024, according to sources familiar with the matter. In the previous years, the EPFO had credited 8.15% interest in FY23 and 8.10% in…
[ad_1] HONG KONG: Markets were mixed Wednesday after an unremarkable US inflation report tempered expectations for an interest rate cut early next year, with attention moving to the Federal Reserve’s policy statement later in the day.All three indexes on Wall Street ended positively — with the S&P 500 at a near three-year high — following…
[ad_1] MUMBAI: The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review later this week, with inflation staying in comfort zone and economic growth moving at an accelerated pace, opined experts. The RBIhas left the benchmark policy rate (repo) unchanged in its past four bi-monthly…
[ad_1] MUMBAI: Global financial services major JP Morgan has decided to include Indian government securities (G-Secs) in its emerging market bond index, a move seen to boost dollar inflows into the country and bring down the rate of interest.This is the first time Indian G-Secs have been added to a major global bond index.JP Morgan…
