The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Bank of Baroda has relatively better position on impaired assets.
Finance ministry asks bank, insurance & market regulators to issue notifications
The deadline for compliance expired in December, 2005. Though new accounts are KYC-compliant, getting the old ones up to date is expected to take two or three years.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
Unified Payments Interface launched to simplify mobile banking.
SBI offers reward points for various types of banking transactions.
'India is an equity market with a breadth and depth of companies to invest in.'
Gaurav Mohta, chief marketing officer, Home First Finance Company will answer your home loan queries.
The President noted that this is an opportune moment for the country to play a decisive role in the fourth industrial revolution.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
Banks are in need of government support to manage the stressed assets
Nearly 50 years after his death, India's first President Dr Rajendra Prasad's saving account has been kept alive by a public sector bank in Patna in a unique remembrance -- and the balance is Rs 1,813.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
Vishal Goyal, Banking Analyst at Edelweiss Capital, says that the interest rate increase is not that harmful for banks' bottomline.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
As per a notification issued on Wednesday, banks, co-operative banks and post offices will have to report to the tax department cash deposits exceeding Rs 50,000 in a single day or aggregating to more than Rs 2.5 lakh during the period November 9, to December 30, 2016.
rediffGURU Ulhas Joshi answers your mutual fund queries.
The net non-performing assets on December 31, 2016 were Rs 20,155 crore compared to Rs 16,483 crore at September 30, 2016
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly.
Banks seems to be upset over RBI's move over rate cut.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
SRH will bank on Markram's leadership skills to deliver results this season.
Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
Sources said the government was keen to tax all unaccounted money deposited in bank accounts after it allowed the banned currency to be deposited in bank accounts during a 50-day window from November 10 to December 30.
Citizens won't have faith in Digital India if their hard-earned money is looted by cyber criminals and cyber fraudsters from banks.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
The assessment of PMJDY should be done within the context of the programme.
Banks may be offering you more services than ever, but they have their price tags
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
These have always been pro-cyclical bets but new banks could erode RoEs.
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