The October-December quarter witnessed 75% of the credit ratings being reaffirmed. By Malini Bhupta Barely nine months after the moratorium was imposed on Yes Bank, the private sector lender is …
Finance
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The financial year end is just about four months away, and it’s time to get going on your tax-saving investments if you haven’t done so yet. Now, besides the usual …
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S&P does not assign equity credit to additional tier 1 instruments issued by Indian public sector banks due to uncertainty over their ability to absorb losses on a going-concern basis. …
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Deepesh Raghaw Anshul is a 26-year-old management graduate from a top business school in the country. He earns well, is single and the only child of his parents. His parents …
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While the overall lending rates have declined when we look at the headline rates, the transmission is probably slower when we look at various products or risk segments. India’s banking …
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Some time back, I read the government would facilitate capturing capital gain tax details from mutual funds (both short and long term) in 26AS. However, I am not able to …
- Finance
Banks closed for upto 14 days in January 2021; check full list of national, regional holidays next month
The government is in hurry to give the corporate houses an edge over the existing players. In January 2021, banks in India will remain closed for 14 days, including four …
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Given the consistent increase in hosptial expenses, the medical insurance you have today may become insufficient after a few years. To ensure that you have sufficient cover even a few …
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The board of Dhanlaxmi had sent a list of five candidates to RBI for its approval after the incumbent Sunil Gurbaxani was voted out by majority of shareholders. The Reserve …
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No one can imagine their lives today without technology, more so amidst the Covid-19 pandemic. Over the past few months, technology has changed the work styles in all sectors — …
- Finance
SBI, PNB, other Indian banks see sharp fall in NPAs; these reasons to thank for improved asset quality
SBI alone had recoveries to the tune of Rs 4,038 crores and has written off loans worth Rs 5,617 crores. India’s largest PSU banks — State bank of India (SBI) …
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If you’ve invested in fixed deposits with finance companies (NBFCs) or small finance banks (SFBs), the new business risks created by Covid-19 have made it necessary for you to keep …
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Similarly, loans under moratorium in private banks remained at 33.96% and the same was 20.93% for foreign banks. By Ankur Mishra Loans under moratorium have not significantly declined since April …
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In the uncertain times such as the present, it pays to be prepared for an unexpected job loss. Replacing your previous pay cheque may not be possible, but job loss …
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Accordingly, it has revised its loan restructuring estimates downward to 2.5-4.5% of advances, against 5-8% estimated earlier. Net non-performing assets (NPAs) and credit provisions for banks will trend lower in …
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Of late, many Indian companies have chosen to reward shareholders either through dividend or buyback. The tax treatment of dividend income as well as capital gains on tendering shares in …
- Finance
RBI helps India’s financial condition rebound to better than pre-pandemic level at full speed
Buying term insurance plan and multi-cap mutual fund schemes will become much simpler than before. India’s financial condition has staged a full-throttle recovery after the coronavirus disruptions and has rebounded …
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My wife has a fixed deposit of ₹3-lakh in Dena Bank. Now, with the merger of the bank with Bank of Baroda, we would like to discontinue it and switch …
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The recovery in FY21 so far has been driven by investments and deposit growth in spite of the Covid-19 pandemic, the central bank said. Net profits of scheduled commercial banks …
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In a speech at the Association of Mutual Funds in India’s (Amfi) annual general meeting on Tuesday, the Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi outlined proposals …
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Angry bird Bulbul gets some ‘interesting’ gyaan from agony uncle Babaji who revels in rhyme and reason Bulbul: Businessmen always get what they want. Cheaper loans they asked for – …
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The asset quality of the NBFC sector deteriorated as slippages rose in FY20. However, efforts were made by NBFCs to clean up their balance sheets, as reflected in their written-off …
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Tier II account of National Pension System (NPS) has outperformed most fixed income investments. With 11.11% returns in the last one year, Scheme G of NPS Tier II has outperformed …
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There is invariably a lot of legal paperwork in property transactions – be it selling, buying or leasing. And there are situations wherein one or more persons are unable to …
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According to PRIME Database league tables, IIFL Securities has ranked number one for the period starting April 1, 2017 to December 31, 2020. (Representational image) As the economy hobbles back …
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I am 33 years old and invest in Axis Bluechip, Axis Banking and PSU Debt, Parag Parikh Long Term Equity, Kotak Standard Multicap, Mirae Asset Emerging Bluechip, L&T Midcap, HDFC …