Finance

RBI restricts HDFC bank from launching new digital business, issuing credit cards: Here's why

In a statement filed with the exchanges, HDFC bank said, "The above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI."

Dec 3, 2020

Can I buy multiple term insurance policies?

The amount of term life insurance coverage you need depends on a number of factors. A good place to start is factoring in the monthly expenses of your dependents.

Nov 26, 2020

RBI's proposal to allow corporate houses into banking best left on shelf; ex-Guv Raghuram Rajan

Last week an RBI panel indicated that large companies could be allowed to open banks in India.

Nov 24, 2020

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Lakshmi Vilas Bank FD rates will likely drop after merger; but money is safe

RBI has placed a moratorium on Lakshmi Vilas Bank (LVB), placing a Rs 25,000 withdrawal cap in a month. If you're concerned about your fixed deposits, read on to find out what's next.

Nov 18, 2020

Lakshmi Vilas Bank depositors fret not; your money is safe

RBI has placed a moratorium on Lakshmi Vilas Bank (LVB), placing a Rs 25,000 withdrawal cap in a month. But this is no reason for you to panic or rush to the bank.

Nov 17, 2020

RBI puts Lakshmi Vilas Bank under moratorium; withdrawals capped at Rs 25,000 [details]

With the permission of RBI for medical treatment, fees for the payment of higher education, and marriage expenses, approval will be allowed to withdraw more money.

Nov 17, 2020

IndusInd Bank first to go live on RBI's Account Aggregator framework; benefits explained

RBI's AA framework enables an open banking ecosystem, allowing individuals and small and medium businesses to avail services seamlessly as financial information is made easily accessible.

Oct 29, 2020

ITR filing deadline for FY 2019-20 extended: Check new dates here

Citing the COVID-19 pandemic, the central government has extended the ITR filing deadline for the second time.

Oct 24, 2020

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GST compensation: Centre to borrow ₹1.1 lakh crore for state governments | What it means

The announcement would mean that state governments would not be forced to borrow funds to finance the shortfall aroused out of multiple reasons including lower than expected revenue and lockdown.

Oct 15, 2020

GST compensation: Karnataka becomes first state to seek Rs 18, 289 crore

Last week, the Ministry of Finance had given two options to states to meet their GST compensation requirements.

Sep 2, 2020

How ULIPs will fulfil your financial life goals?

ULIPs serve as one of the preferred long-term goal-based investment products with the life insurance cover element, at the same time to help accumulate wealth and generate returns over the tenure of the policy.

Sep 1, 2020

Car Insurance expired in Lockdown? Know how you can renew car insurance online

Bajaj Allianz general insurance, during the pandemic, has managed to pay the claims as per regulations and has also brought down the customer grievance ratio by a whopping 90%

Aug 26, 2020

Finance Ministry lauds GST era: Marked reductions in tax rates; tax payer base doubles to 1.24 crore

The Finance Ministry remembers Arun Jaitley on his death anniversary, says in the GST era, marked reductions in tax rates have been observed. The Ministry has also pointed at an increase in the taxpayer base to 1.24 crores.

Aug 24, 2020

Explained: How did RBI arrive at Rs 57,128cr dividend declaration for FY21

Earlier in the day today, RBI approved a dividend of Rs 57,128 cr for FY21 and decided to maintain 5.5 percent as contingency risk reserve or retained earnings. Let's interpret the RBI numbers and calculations here.

Aug 14, 2020

Who is Shashidhar Jagdishan, HDFC Bank's next CEO

Having a working experience of 29 years, Sashidhar has played a crucial role in supporting the growth trajectory of the Bank.

Aug 4, 2020

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