Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
The report concluded that she failed to discharge her fiduciary functions to rescue herself to avoid any conflict of interest.
Challenges abound but innovation is key for new banks inorder to survive.
Sarpanch leaders are changing Rajasthan for the girl child, says Rashme Sehgal.
Amid slogan shouting by MPs from the Trinamool Congress, the Congress and other opposition parties from the Well of the House, Modi began replying to the debate on the motion thanking the President for her address to the joint sitting of Lok Sabha and Rajya Sabha at the start of the Budget Session, and accused the Congress of adopting only 'tokenism' to solving problems the country faced.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25. A letter from the social security organisation regarding the convening of the 233rd CBT meeting was sent to all the board members last week, soliciting their presence in the meeting. Although the venue and the agenda haven't been drawn out yet, sources familiar with the matter say that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
We give you five good reasons why you must invest in mutual funds at an early age.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services' (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23). The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains. Sequentially, the company's revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters.
How are the illiterate and aged coping with Modi's demonetisation, wonders Subir Roy.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
City-based the South Indian Co-operative Bank Ltd saw a run on its deposits on fears of the bank being saddled with huge non-performing assets.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
Nomura has forecast the rupee at 61.6 against the dollar in Q1 and at 62 by Q4 of 2015.
The ED's line of questioning, officials said, is revolving around Rhea's income, investments, business and professional deals, and links.
Former chancellor Rishi Sunak convincingly won over an audience of Conservative Party members in a head-to-head television debate with rival Foreign Secretary Liz Truss in the leadership contest to elect a new Tory party leader and British prime minister.
Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.
The Dabangg star, who has been providing assistance to those in need amid the ongoing pandemic through his charitable trust, on Monday posted a statement on his social media handles.
IMAGES from the English Premier League matches played on Saturday.
The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface (UPI), which will enable more people to make payments using the popular platform. At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards. "...it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review.
If you don't have a specific goal, but want intermittent liquidity, then ladder your FDs, that is, invest in FDs of varying maturities, such as one, two, three, five or even 10 years. Laddering ensures FDs mature at regular intervals.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) next week to review performance of the lenders and progress made by them to support the economy battered by the COVID-19 pandemic. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
Modi also asked banks to become socially more responsible
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.
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
With March 2016 being the final quarter when banks will have to disclose their stressed assets, the markets are assuming the worst is yet to come
Sources said the government wants all of the 500 and 1000 banknotes to be deposited and not burnt or destroyed for the fear of penal action.
The currency with the public is 10.3 per cent higher than it was in the week preceding November 8, 2016 - from Rs17.97 trillion to Rs18.76 trillion.
Even as the Andhra Pradesh high court ordered the Central Bureau of Investigation to defreeze the bank accounts of beleaguered Kadapa Member of Parliament Y S Jagan Mohan Reddy, he has written a letter to the Prime Minister Dr Manmohan Singh to save him from a Congress-Telugu Desam Party-CBI 'conspiracy' to nail him for alleged irregularities.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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