National & International Financial news and Updates

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Cash crunch at banks: Sins on the rise, trust on the wane

In India, more than half of the gross savings are held in bank deposits. A decline of trust in banks impacts the gross savings rate.

9 days ago

Looking for early income tax refund? Just follow these 5 steps

How quickly you receive your tax refund depends on when you file your taxes, how you choose to file, and, now, what credits and deductions you might claim.

12 days ago

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

13 days ago

Personal Finance: Tax-saving ideas for new fiscal year

As we enter into a new financial year, lets take a look at some of the key tax saving instruments that meets our goals and needs.

19 days ago

bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

Is a bank run in the making?

Stampedes are not created by those who live by hope but by the poor, spooked souls rushing to the exits.

20 days ago

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Banks may be charging a flat fee for SMS alerts -- illegally

The uniform billing by some of the lenders for SMS alerts is against the Reserve Bank of India's advisory.

21 days ago

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

23 days ago

Retirement Savings: When is enough really enough?

You need 18 to 35 times your annual expense at age 60 to retire. Inorder to calculate that, create an expense multiplier rather than an income multiplier.

26 days ago

Mutual fund investors beware! Your asset manager may be overcharging you

SEBI's recent study revealed that fund managers have overcharged mutual fund investors as much as Rs 1,500 crore in the last five years.

29 days ago

Nirav Modi scam: 'PNB staff bought assets overseas, stashed funds'

Punjab National Bank starts legal proceedings to recoup funds from the rogue employees.

Mar 21, 2018

After Urjit Patel, Banks Board Bureau chief blames govt over governance

Though governance standards have improved in the country since bank nationalization this hasn't reflected adequately in the PSB ecosystem.

Mar 20, 2018

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Canara Bank shares tumble as ex-chairman booked in loan fraud case

'Funds were siphoned off through a chain of alleged bogus transactions facilitated by fake sister concerns, family members and bank officials'

Mar 20, 2018

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

Personal Finance: How to grow small savings to Rs 1 crore

Most individuals believe that investing small sum will not guarantee good returns and therefore wait for a large sum to start investments.

Mar 24, 2018

Top bankers mull measures to tighten lending to corporates

'The umbilical cord connecting public sector banks to politicians and bureaucrats ... has led to several inefficiencies'

Mar 16, 2018

Personal Finance: Don't fall for these 5 common mutual fund investment myths

Investment in mutual funds could help achieve financial goals in a systematic and easy manner.

Mar 17, 2018

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iPhone SE 2: Apple retains headphone jack, glass back but skips renovation

9 minutes ago