Finance

The bank’s net interest margin (NIM) stood at 9.36% at the end of September 2020, down from 9.81% as on March 31, 2020. Jana Small Finance Bank (SFB) on Thursday…

On 31 March, the government slashed interest rates on small savings schemes. The Public Provident Fund (PPF) interest rate was cut from 7.1% to 6.4%. On 1 April, the Centre…

Satya Nala, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second…

The Central Board of Direct Taxation (CBDT) has notified new income tax return forms — ITR-1 to ITR-7 — for the assessment year 2021-22, the ministry of finance said in…

PhonePe. Representative image Fintech major PhonePe on Thursday said it has hit an annual total payment value (TPV) run rate of USD 388 billion dollars in March this year. The…

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — China’s central bank…

Take a lo at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J said a batch of its Covid-19 vaccine that came from a Balti…

One event likely to occur when a policyholder surrenders a life insurance policy is that the person loses all advantages associated with the insurance scheme. This could be because s/he…

Effective 1 April, if you are contributing than Rs2.5 lakh in your Employee’s Provident Fund (EPF), the interest earned on the same will be taxable under the newly notified…

NEW DELHI: If you are loing to invest your money in AAA-rated fixed deposits (FDs), you can consider HDFC Ltd. The mortgage lender has raised interest rates on FDs maturing…

There are certain tasks you need to perform at the beginning of the new financial year to manage your finances better. As the new fiscal year begins today, let us…

What is Archegos and who is Bill Hwang? Archegos Capital Management (Archegos) is a US based private family office founded by Bill Hwang. A family office is a private asset…

Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the…

The Government today withdrew the steep cuts on interest rates on small savings schemes, announced last evening. The rollback comes on the day Bengal and Assam are voting in the…

Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit turbulence over the next three months. “Our main takeaway was to lean a little bit into…

In August 2019, RBI had issued a framework for processing of e-mandates on recurring on transactions. Initially applicable to cards and wallets, the framework was extended in January 2020 to…

Take a lo at key changes that are going to take place from 1 April Interest rates of small savings schemes to be reduced Finance ministry slashed the interest rates…

In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Check out the companies…

Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Presiding over the Financial Stability Oversight…

Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal…

The step completes the government’s capital infusion of Rs 20,000 crore in public sector banks for the current financial year. Government had earlier infused Rs 5,500 crore in Punjab and…

“Also, de-growth in large industries and slower growth in housing and NBFCs (non-banking financial companies) segment restricted the overall bank credit growth,” the rating agency said, adding that an increase…

Kiyoshi Hijiki | Moment | Getty Images Nearly 3 million business owners claimed a 20% tax deduction on their income last year relative to the prior filing season, according…

A woman on an escalator in a Walgreens store in New York. Scott Mlyn | CNBC Check out the companies making heads in midday trading.  Walgreens — The drugstore company’s…

Finance Ministry on Wednesday has announced a cut in interest rates of small savings scheme. According to the circular by ministry, the rates of small savings schemes have been reduced…

Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images Wall Street investors largely view…