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Finance

Minimum assured return scheme in works; to be launched soon: PFRDA Chairman

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Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty on Wednesday said the regulator is working on a pension scheme which could...
Finance

Tepid response to RBI’s two-day VRRR auction; banks park Rs 1,850 crore

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WPL auction: Smriti Mandhana goes to Royal Challengers for Rs 3.4 crIPL Mini Auction 2023: Five players who will rake in the moolah...
Finance

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

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Provide adequate infra at branches for Rs 2,000 note exchange: RBI to banksIndia was close to printing Rs 10,000 notes in 2016: All...
Finance

NBFC loan sanctions up 2% YoY to Rs 4.46 trn in quarter ending March

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Pulled down by a demand deceleration from urban and semi-urban customers and a contraction in personal and home loans, non-bankers loan book grew...
Finance

Credit sanctions to pick up traction as base effect fades, say NBFCs

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NBFCs' share in India's lending pie fell to 5-year low of 19.8% in H1FY23Your credit card payments overseas will attract a 20% TCS...
Finance

RBI Monetary Policy set to be announced tomorrow: What to expect?

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The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is all set to announce its monetary policy decision tomorrow....
Finance

How and When to claim a refund ?

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Tax collected at source (TCS) is the tax collected by the seller from the buyer on sale so that it can be deposited...
Finance

Bond issuances by banks to fall below Rs 90,000 cr in FY24: Report

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Bond issuances by banks may fall below Rs 90,000 crore in FY24 due to easing liquidity conditions, rating agency ICRA has said in...
Finance

How a repo rate hike/cut impacts your home loans and EMIs

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The Reserve Bank of India is expected to keep the repo rate unchanged at 6.50% on Thursday, for a second straight month, signaling...
Finance

RBI permits international banking units at IFSC to settle NDDCs in rupee

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The Reserve Bank on Tuesday permitted international banking units (IBUs) in GIFT City in Gujarat to settle non-deliverable foreign exchange derivative contracts (NDDCs)...
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