Finance

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

gst, gst council, gst rates, gst for small traders, gst forms, gst tally, gst india inc, gst banks, gst arun jaitley

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

HDFC Bank MD Aditya Puri sold 74.2 lakh shares of bank, to retire in October

The credit for making HDFC Bank India's largest private bank goes to Aditya Puri.

Jul 26, 2020

3,300 employees across NRAI member restaurants receive credit of Rs 5,000 each

Beam Suntory India and Pernod Ricard India have partnered separately with the National Restaurant Association of India (NRAI) to pledge Rs 1 crore and Rs. 1.4 crore, respectively.

Jul 9, 2020

Govt reverses merger, instead to infuse Rs 12,450 cr into 3 public sector insurance companies

Govt reverses the merger of three PSGICs namely National Insurance Company, United India Insurance Company, and Oriental Insurance Company Limited announced earlier.

Jul 8, 2020

SEBI clarifies HDFC Bank raising Rs 13,000 crore via QIP, ADRs as baseless speculation

The clarification intimation is offered by SEBI under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015, by the HDFC Bank Limited.

Jun 30, 2020

Indian Institute of Management - Ahemdabad

IIM Study proves stronger insolvency and bankruptcy framework likely to enhance credit discipline in firms

An IIM study by Prof Balagopal Gopalakrishnan and Prof Sanket Mohapatra using a cross-country dataset finds that a stronger insolvency and bankruptcy framework can enhance a firm's credit discipline and reduce the risk of future debt default.

Jun 22, 2020

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