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.
Wed, Apr 01, 2020
HDFC bank has announced EMI and credit card moratorium to its customers, in line with the Reserve Bank of India (RBI) guidelines. Moratorium announced as a relief measure for the customers with low cash flows or individuals whose earnings have taken a hit due to the coronavirus disease pandemic
Tue, Mar 31, 2020
State-run PNB interest rates on loans were cut by 75 bps, passing on the entire Repo rate cut by Reserve Bank of India (RBI) on Friday
Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three month under the terms of a Covid 19- RBI package announced on Friday
An average Indian who had taken a home or an auto loan and a farmer under the stress of a crop loan from banks and NBFCs heaved a sigh of relief when the Reserve Bank of India (RBI) directed the lenders to put a halt on the instalment payments till the end of May.
Mon, Mar 30, 2020
The country is dealing with a major crisis due to the coronavirus outbreak. Amid this, the Reserve Bank of India in a statement said that you can delay your EMI's to the banks for a period of three months. Watch this video to know what exactly the RBI meant by saying this.
Reserve Bank of India (RBI) Governor Shaktikanta Das, in a video message to the Indian citizens, advocated the digital mode of payment as part of social distancing as the coronavirus positive cases in India continued to rise on Sunday.
EMI calculation: If home loan, auto loan, other borrowers don't pay, the amount due will jump from Rs 50,35,000, Rs 50,71,000 to Rs 51,07,000!
Sun, Mar 29, 2020
Don't worry, we have the best advice for you!
It's a good news for you if you have borrowed home loan or car loan from Bank of India.
Fri, Mar 27, 2020
State Bank of India (SBI) today reduced interest rates on loans by a whopping 75 bps, passing on the entire RBI repo rate cut, announced in the morning, to its borrowers availing loans linked to External Benchmark linked lending rate (EBR) as well as Repo Linked Lending rate (RLLR)
Reserve Bank of India (RBI) governor Shaktikanta Das announced several relief measures including a sharp cut in repo rate by 75 basis points to 4.4 percent. In this segment of Apki Khabar Apka Faydawe will tell you how people of India will benefit from this announcement.
Rate cut will not have any big impact immediately because high-interest rate is not an issue today, Axis Bank MD & CEO Amitabh Chaudhry told Zee Business Executive Editor Swati Khandelwal; actual problem is that several borrowers are in trouble as economic activity has stopped in many industries and they need a moratorium and additional working capital, he said
RBI governor Shaktikanta Das announced a slew of measures on Friday morning, including a massive cut in repo rates.
The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. The Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
The Reserve Bank of India finally announced a massive repo rate cut on Friday, meeting the long pending demand of Zee Business Managing Editor Anil Singhvi, thereby bringing relief to the common man.
The positive coronavirus cases in India jumped to 724 on Friday. A total of 66 people have been cured of the disease. So far, 17 people have lost their lives due to the virus, according to data from the health ministry.
The Reserve Bank of India on Friday cut the repo rate by 75 basis points, in the wake of extraordinary circumstances created by coronavirus outbreak
Tue, Mar 24, 2020
The government has take several applaudable steps to deal with the coronavirus crisis but not enough has been done to lift the economy, believes market expert Ajay Bagga.
Mon, Mar 23, 2020
Tackling coronavirus impact on the liquidity of the system, the Reserve Bank of India has taken a big decision.
Sun, Mar 22, 2020
The Reserve Bank is virtually being run from a war-room at a city facility manned by just around 90 critical staff as the nation's monetary authority works to insulate the financial system from disruptions due to the coronavirus pandemic.
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