Thu, May 18, 2023
As per the notification, the Finance Ministry in consultation with the RBI, has omitted Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thus effectively including forex spending through international credit cards under the LRS.
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Mon, Jan 14, 2019
If credit card payments not done in time, there are a host of charges you will be eligible for, which makes your repayment even more burdensome.
Mon, Apr 03, 2017
State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”
Wed, Mar 01, 2017
HDFC Bank in one of its report said, “With the surge in deposits growth from 9.8% in 1H-FY17 to around 13% in 2H-FY17, commercial banks in India are at the moment flush with liquidity. After a spurt in deposits post-demonetisation, there is now a trend-reversal underway.”
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