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IBT Brand Solutions

CIBIL score meaning and importance explained; Guaranteed ways to increase your credit rating

CIBIL Score is a three-digit numeric summary of your credit history and a rating above 700 is generally considered good. However, there are some guaranteed ways to boost or increase your CIBIL score. Jun 4, 2020
Reserve Bank of India

RBI slaps Rs 6.5cr penalties on Bank of India, Karnataka Bank, Saraswat Coop Bank; here's why

On account of non-compliance with IRAC norms, a monetary penalty of Rs 1.20 crore was imposed on Karnataka Bank Ltd, Rs 5 crore on Bank of India and Rs 30 lakh on Saraswat Co-operative Bank Limited. The total penalty imposed by RBI on these three banks is Rs 6.50 crore. May 29, 2020
Reserve Bank of India (RBI)

How will RBI's extended moratorium on all loans help home loan borrowers?

The three-month moratorium on loan EMIs outstanding as of March 1, 2020, is now extended by another three months till August 31, 2020, as announced today. This makes it a total of six months moratorium on loan EMIs. How will this help home loan borrowers? May 22, 2020
petrol diesel rates

Uttar Pradesh hikes petrol, diesel price: How much you will have to pay now

The UP government has increased the price of petrol by Rs 2 per litre, and that of diesel by Rs 1 per litre. May 6, 2020
Petrol

Petrol, diesel prices hiked in Delhi today: Know the latest rates in your city

Petrol price in Delhi was hiked by Rs 1.67 a litre and diesel by a steep Rs 7.10 per litre. May 5, 2020
Loan guarantee

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government. Apr 27, 2020
mutual funds

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility. Apr 27, 2020
Nirmala Sitharaman

Coronavirus impact: Dearness Allowance for Central govt employees, pensioners frozen till July 2021

The decision, which will affect around 50 lakh central govt employees and 61 lakh pensioners, comes after the Union Cabinet approved a 4% hike in DA to 21% in a bonanza for 1.13 cr employees and pensioners applicable from January, 2020. Apr 23, 2020
EPFO

Center to put Rs 5,000 crore in EPF accounts of employees and employers | Details inside

To help companies tide over the COVID-19 crisis, the Government of India will pay EPF contributions of both employer and employee (12 percent each), 24 percent altogether for the next three months, such that nobody suffers due to loss of continuity in the EPF contribution. Apr 20, 2020
HDFC

Meet the top three contenders, next in line for the HDFC Bank CEO throne

The process to select the successor of the bank's longest-serving CEO Aditya started in November last year whose tenure will end on 26th October this year. Apr 19, 2020
yes bank

Whose money is it, Yes Bank? Rs 10 crore to PM CARES draws criticism

In response to Yes Bank's pledge to donate Rs 10 crore to PM CARES emergency relief fund to fight coronavirus, netizens had some hard-hitting questions for the debt-ridden bank. Apr 7, 2020
Ministry of Civil Aviation Secretary Pradeep Singh Kharola

Post lockdown, Indian aviation sector to take a phased approach of opening up travel gates

Post the nationwide lockdown is lifted on April 14, the top 10 airports of India will be made operational first and the International travel will open up last. Apr 3, 2020
Personal loans

Respite on EMI payments: Here's how deferring your installment re-payment will cost you dearly

Deferment in paying the EMI installments for the coming three months will put up an additional burden on the total loan amount. Apr 1, 2020
Trading on stocks impacted

PSB merger and Covid-19 impact on bank stocks: SBI and PNB dip up to 6%, Indian Bank up by 7.6%

Even as the Indian financial system is grappling with the after-effects of the Covid-19 pandemic, the RBI went ahead with planned PSU mergers from April 1. Apr 1, 2020
EPFO

Covid-19 relief package on EPFO withdrawal to cover only 16% of total subscribers

The burden to fund the wages of employees still lies on the employers as the government will support them in the form of reimbursement. Mar 27, 2020
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