State Bank of India (SBI), the country’s largest lender, has ceased its Amrit Kalash fixed deposit (FD) scheme, which was earlier available for a limited period. This scheme offered a notable interest rate of 7.10% per annum for regular investors and a higher rate of 7.60% for senior citizens on a 400-day deposit. According to … Read more
HDFC Flexi Cap Fund, managed by HDFC Asset Management Company, was launched in January 1995 and has shown significant growth over the years. As of February 28, 2025, the fund’s assets under management (AUM) reached Rs 64,124 crore, achieving an 18.77% return since its inception. The fund follows the NIFTY 500 TRI benchmark and … Read more
KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more
The Reserve Bank of India (RBI) is all set to float its ‘Unified Lending Interface’ (ULI) technology platform, which is expected to offer “frictionless credit” and will soon be available nationwide. On Monday, RBI Governor Shaktikanta Das, while speaking at the Global Conference on DPI and Emerging Technologies, said the central bank is expecting the … Read more
The July 31 deadline for filing your income tax returns (ITR) is fast approaching. Taxpayers can now pay their taxes online through the e-filing portal. If your tax liability exceeds the TDS (tax deducted at source) paid during the year, you’ll need to settle the outstanding amount. This can be done online through any of … Read more
Taxpayers should note that high-value cash transactions exceeding a specified limit are subject to monitoring by the Income Tax Department. Failure to disclose such transactions in Income Tax Returns (ITR) filing could result in a notification from the tax authorities. Noteworthy cash transactions, such as bank deposits, mutual fund investments, property dealings, and share trading, … Read more
Reserve Bank of India (RBI) is regularly in touch with financial institutions to gauge any build up in stress whenever it is observed, deputy governor Mahesh Kumar Jain said in a post policy interaction with journalists. Jain was replying to a question on whether the RBI is comfortable with the quality of assets of the … Read more
JPMorgan in India as a lender to both the domestic and multinational companies has insights into corporate strategies. Its chief executive Madhav Kalyan tells Saikat Das and MC Govardhan Rangan what’s happening on the ground. Source link
It took 21 years to state similar objectives on disinvestment. Immense political capital had to be spent by the Atal Bihari Vajpayee government in disinvesting 16 CPSEs before ‘alliance dharma’ got the better of the agenda. Source link