National & International Financial news and Updates

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Small savings interest rates: Will government leave PPF, senior citizen scheme, RD untouched next month?

The quarterly revision of interest rates on small savings instruments like PPF, KVP, NSC and other post office schemes is due in September.

Aug 29, 2016

DSP Blackrock, Axis, Franklin Templeton equity fund managers best among top 10

Vinit Sambre of DSP Blackrock MF is the best fund manager, followed by Axis MF and Franklin Templeton managers, according to an analysis.

Aug 29, 2016

Income tax returns deadline extended to Aug. 5; how to file ITR online [VIDEO]

The original date for filing income tax returns was July 31 and the Jammu and Kashmir can now file it by Aug. 31.

Aug 2, 2016

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

Green bonds to hit a new high of $75 billion this year, says Moody's

Green bonds worth $42.4 billion were issued last year.

Jul 28, 2016

Are stressed asset funds the pill to cure India's bad loans?

Such funds will invest in stressed-assets of banks and asset reconstruction companies to help them revive to good financial health.

Jul 21, 2016

Govt infuses Rs. 23,000 crore in PSU banks; SBI gets Rs. 7,575 crore

Under the Indradhanush road map, the government will infuse Rs. 70,000 crore over 4 years, while banks will raise Rs. 1.1 lakh crore from markets.

Jul 19, 2016

Arun Jaitley's personal wealth declined by Rs. 6 crore in FY16

The decline in wealth was mainly on account of reduction in his bank balance, cash in hand and the number of vehicles owned.

Jul 2, 2016

Indian Money in Swiss banks sees a 20-year low

The fall was nearly two-thirds of the Rs. 23,000 crore stashed in December of 2006, says a report.

Jun 30, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Stressed loans at Indian banks may rise to 8.5% by March 2017, warns RBI

Under a severe stress situation, total bad loans could rise to 9.3 percent in March 2017, the RBI said in its Financial Stability Report.

Jun 28, 2016

Govt approves Rs. 5.6 lakh crore mega spectrum sale

The auctioning is the largest ever in the country, which is also the world's second largest telecommunication market.

Jun 22, 2016

Govt allows PPF subscribers to prematurely close accounts after 5 years

Expenditure on higher education, medical treatment will qualify as reasons strong enough for complete withdrawal of the deposit amount.

Jun 20, 2016

Cabinet clears bill to speed up bad loan recovery, facilitate ease of doing business

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

ED sends show-cause notice to Bengaluru-based Devas Multimedia over FEMA violations

The firm allegedly violated FEMA rules over foreign direct investment to the tune of Rs. 578.54 crore during 2006-2010.

Jun 7, 2016

PM Modi gets Switzerland's support to tackle tax evasion

Switzerland's support to help India could be a stepping stone in probing black money parked in Swiss bank accounts

Jun 7, 2016

SBI launches ATM-based facility to e-verify IT returns

SBI is the first bank to launch Electronic Verification Code via ATMs.

Jun 4, 2016

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