Expenditure on higher education, medical treatment will qualify as reasons strong enough for complete withdrawal of the deposit amount.
Jun 20, 2016
The bill seeks to hasten the process of bad loan recovery when stressed assets in banks are estimated at Rs. 8 lakh crore.
Jun 16, 2016
The firm allegedly violated FEMA rules over foreign direct investment to the tune of Rs. 578.54 crore during 2006-2010.
Jun 7, 2016
Switzerland's support to help India could be a stepping stone in probing black money parked in Swiss bank accounts
Jun 7, 2016
SBI is the first bank to launch Electronic Verification Code via ATMs.
Jun 4, 2016
Banks use secure SWIFT messages for issuing payment instructions to each other.
May 21, 2016
The South American country owes the amount to pharma firms such as Dr Reddy's, Sun Pharma and Glenmark for medicine supplies.
May 19, 2016
According to the income tax data, revealed after 15 years, there were 2.8 crore individual tax assessees during 2011-12.
Apr 30, 2016
A public interest litigation highlighted huge differences in the write-offs reported by banks individually and the RBI.
Apr 26, 2016
A massive leak of confidential documents has revealed how the worlds elite use offshore tax havens to hide billions.
Apr 4, 2016
India needs $100 billion to increase its solar power capacity to 100 gigawatts over next six to seven years.
Apr 1, 2016
Proceeds of the bonds will be used to advance private sector development in India.
Mar 17, 2016
In the past 10 years, the growth in India's ultra-high-net-worth individuals outsmarted its global peers with a 340 percent rise over just 61 percent increase globally.
Mar 3, 2016
According to an RBI spokesperson, the total number of faulty notes is not more than 500.
Jan 21, 2016
Bank of England Governor Mark Carney said on 19 January that he did not have a set timetable for raising British interest rates and wanted to see faster growth and stronger underlying inflation first. Carney said global and domestic growth had proved weaker than he had expected in the middle of the year, when he predicted that a decision on when to raise interest rates would have come into sharper relief by early 2016.
Jan 19, 2016