Thu, May 09, 2024
Section 269SS of the Income Tax Act stipulated that an individual cannot accept a deposit or loan made by another person other than in the specified modes of payment. Under the section, the permissible cash limit is Rs 20,000.
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Tue, May 07, 2024
The new rules of RBI will not have any significant impact on the company... The draft guidelines will not have any impact on the company's profits... The company will grow by 15-20% in the next 5 years.. The company will soon be NPA free: Vivek Kumar Devangan, CMD, REC
Mon, May 06, 2024
Infrastructure-related NBFC stocks such as REC, IREDA and PFC plunged more around 6-12 per cent.
Thu, Apr 06, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex extended gains to the fifth session in a row on Thursday, April 6, as the RBI's decision to hold the key lending rate at the exiting 6.5 per cent surprised Dalal Street. RBI Governor Shaktikanta Das maintained the policy stance at ' withdrawal of accommodation' but warned of more hikes to tame inflation, as he reiterated the MPC's commitment to tame red-hot inflation. Catch HIGHLIGHTS of all the action in the Indian share market on Zeebiz.com's blog. Follow this space for market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations.
Tue, Apr 04, 2023
The Reserve Bank of India (RBI) is expected to hike the benchmark interest rate by 25 basis points in the bi-monthly monetary policy to be announced on April 6, under pressure to bring down retail inflation and keep pace with global peers.
Thu, Mar 30, 2023
According to Vimal Nadar, Head of Research, Colliers India, home loan interest rates are already at an alarmingly higher level of 9.5 per cent and above in response to the increase in repo rates.
Wed, Mar 22, 2023
Gudi Padwa Holiday: The currency market remained shut on Wednesday, March 22 for the Gudi Padwa holiday. The forex market will resume trading at 9 am on March 23, Thursday.
Tue, Mar 21, 2023
The RBI wrote a letter to banks on Tuesday, highlighting that all government transactions done by agency banks for 2022–2023 must be accounted for within the same financial year
RBL Bank shares traded with gains even as the Street processed the impact of the Reserve Bank of India (RBI) decision on the lender
Sanjiv Bajaj, president of the Confederation of Indian Industry, says that the Reserve Bank of India is a strong regulator and has been keeping a close watch on the Indian banking system for long time
RBL Bank Share Price NSE: RBL Bank shares will remain in focus on D-Street today after the Reserve Bank of India (RBI) imposed a penalty of Rs 2.27 crore for non-compliance with norms related to recovery agents on Monday.
Mon, Mar 20, 2023
As per the RBI directive, the rules overlooked by the bank include directives on ‘Internal Ombudsman Scheme, 2018’, ‘Fair Practices Code for Lenders’, ‘Credit Card Operations of Banks’, ‘Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’ and ‘Recovery Agents engaged by Banks’.
The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage
Thu, Mar 16, 2023
Global crude oil prices hit a 15-month low on Wednesday and are below $75
Tue, Mar 14, 2023
The RBI MPC member was asked what measures the government should take to improve oversight of private family companies to address worries after the Hindenburg allegations.
Wed, Mar 08, 2023
As per a recent RBI survey, the consumer confidence has improved further both for the current period as well as for the year-ahead.
Tue, Mar 07, 2023
The governor expressed the hope to link the UPI platform with many more countries as many have expressed keen interest in doing so.
Mon, Mar 06, 2023
The land which was directly purchased by the family members of Prasad from the sellers at a rate lower than the prevalent circle rate.
Fri, Mar 03, 2023
The RBI is expected to raise its repo rate to peak at 6.75% in April from 6.50% currently, according to a Reuters poll last week.
Thu, Mar 02, 2023
"The company was also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes," the RBI said.
Tue, Feb 28, 2023
India’s gross domestic product slowed down to 4.4% in the third quarter (October-December) of the financial year 2022-’23, government data showed on Tuesday. The growth rate has slowed down from 5.4% in the same quarter last year. However, in the current financial year, India's gross domestic product (GDP) is expected to grow at 7%. Watch this special report on India 360.
India GDP growth rate: An official reading of changes in the country's GDP in the quarter ended December 2022 is due later on Tuesday, February 28. According to Zee Business research, the economy is likely to have expanded 4.6 per cent in the period — the third quarter of the current financial year.
Tue, Feb 21, 2023
Why is US Fed President James Bullard's speech important? How much will interest rates increase in US? What is the risk of rate hike in June? How likely is RBI to increase interest rates in April? Know from Ajay Bagga, Chairman of Elyments Platforms.
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