New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to …
The share price of Indiabulls Housing Finance Ltd (IBHFL) crashed nearly 38% intraday to hit a fresh 52-week low today after Reserve Bank of India put private sector lender Lakshmi Vilas Bank under its prompt corrective action (PCA) plan. The development places the prospects of their prolonged merger into jeopardy. Indiabulls Housing Finance stock opened today with a loss of …
NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal …
NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal …
After the carrier failed to issue an apology the man shared the photo on Twitter. A British Airways (BA) business class passenger was left feeling ‘disgusted’ when he had to travel in a 10-hour flight on a seat plastered in vomit. Dave Gildea, vice-president of a software company in San Francisco was travelling from London to Seattle when he reportedly …
A Right to Information (RTI) query has revealed that Prime Minister Narendra Modi and his Council of Ministers incurred an expenditure of Rs 393 crore on foreign and domestic travel in last five fiscal years. City-based RTI activist Anil Galgali had filed an RTI query with the PMO seeking the total Foreign Travel Expenses (FTE) and Domestic Travel Expenses (DTE) …
Book flights and hotels in advance, travel in the shoulder season and take the DIY approach. We are all familiar with such travel tips to keep our vacation budgets under control. However, there’s more money to be saved during family holidays if you have a school or college-going child. You can grab student discounts on entry fees to heritage sites and airfare. …
The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the …
Photographer Marisa Hampe posts beautiful travel images from around the world on her Instagram, but unlike other popular accounts, her photos are dark and daring rather than the sweet and sunny photos that often crowd our feeds. Also instead of checking off popular locales, the German content creator seeks our remote locations frequently scaling mountains and cliffs to get an unobstructed view from the …
Mumbai: Rating agency ICRANSE 3.23 % expects small finance banks (SFBs) to grow at a compounded annual growth rate of 25% to 30% led by diversified loan growth, deposit mobilisation, improving asset quality and better return on equity. The rating agency estimates that SFBs would require external capital of Rs. 4,000-6,000 crore till FY2023 for meeting the growth requirements, part of which will come …