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All you want to know about auctioning of properties by banks!
Indian Banks Association (IBA), an organisation of banks, had started a portal for auctioned properties. It's called the Indian Banks Auctions Mortgaged Properties Information (IBAPI).
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Exploring Fixed-Income Investment Options to Build a Wealthy Future
Known for providing stable and dependable returns on invested amounts, learn why fixed-income investments ought to be complemented with life insurance to create lasting wealth while securing your family’s future
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Multi-cap Funds – Growing acceptance driven by performance
This approach towards diversification can help to reduce the risk, as different sectors and market caps tend to perform differently at different times
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Reliance Ind net jumps 27% to Rs 17,394 cr
The group's other company Reliance Retail Venture reported a 21.04 per cent rise in its net profit to Rs 2,790 crore for the second quarter ended September 30, 2023.
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56% in 8 years: Rise of average gross income of individual IT filers
The average gross total income of individual taxpayers rose 56% to touch Rs 7 lakh in assessment year (AY) 2021-22 from Rs 4.5 lakh in AY 2013-14, said Central Board of Direct Taxes (CBDT)
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Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore. At present this limit is up to Rs 15 lakh. The Reserve Bank said in a circular that after a review, it has been decided that the minimum […]
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Leap in transparency: Get alerts when FIs obtain your credit report
Lenders would have to send alerts through SMS and/or email to customers whenever they furnish information to the credit information entities on default/delay in paying loans/EMIs
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GoI reduces MEP on basmati rice
In a communication to export promotion body APEDA, the Union Commerce Ministry has said "it has been decided to revise the price limit for registration of contract for export of basmati rice from USD 1,200 per tonne to USD 950 per tonne."
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No loan recovery calls after 7 pm: RBI
The RBI on Thursday proposed stricter regulations for recovery of overdue loans. The norms propose that financial institutions and their recovery agents cannot call borrowers before 8 in the morning and after 7 in the evening. Banks and NBFCs should not outsource core management functions, including policy formulation and decision-making functions like determining compliance with […]
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Ecomm platforms supporting UPI; debit cards march towards sunset
"Debit cards have been on a downward trajectory; for small value payments, consumers prefer UPI, and for large value payments, net banking seems to be the mode of choice," said Vishwas Patel, joint managing director at Infibeam Avenues, which runs payment gateway CCAvenue.
