With digital technology, the I-T department's ability to catch tax evaders has increased many times.
Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
Debt returns are always negative for investors in India, unless they are willing to take huge risk
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
SBI's net profit for the quarter rose 30.3% to Rs 2,910 crore ($468.4 million), from Rs 2,234 crore a year earlier on the back of rise in net interest income, fees, and control on employee costs.
Finance Minister Arun Jaitley presented the Union Budget.
Meeting the disclosure norms isn't very easy.
If new goals have emerged, this is the time to make fresh investments.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
The consolidated entity can target good growth FY18 onwards, analysts say.
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
Most bankers say they will look at reducing deposit rates from April.
'It could tempt investors to pick stocks that are not fundamentally sound.'
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.
Don't opt for a SWP when you have a regular cash flow. During such times, opt for a SIP.
The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
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Most infra projects have hit a road block due to high cost of funds.
State Bank of India expects decent growth in FY16.
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The government on Tuesday announced hikes in import duties for gold and silver, but it has yet to unveil other details such as its plan to tax imports of non-essential items.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
For the near term, Gill will have to improve relations with the Reserve Bank of India, which have been strained in recent times. He will also need to strengthen the bank's asset quality and improve governance standards and internal processes.
Many investment options once seen as safe havens are presently out of sync
With a sole mandate of inflation targeting, RBI wears many hats.
Analysis of the 7th Pay Commission's recommendations.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Three stockmarket experts give their best picks for the New Year.
Barely 10% of small businesses are in a GST-ready position, say experts
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
