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Budget expectations, 3 GST tax rates to digital age - a freewheeling interview with Raj Nair, President, IMC CC&I
Tue, Jun 18, 2019
Nair not only spoke about Budget 2019, but also highlighted key pointers for the Indian economy.
Who will offer best deposit interest rate? This will be new competition among banks - SBI vs HDFC Bank vs ICICI Bank
Tue, Mar 12, 2019
When a bank hikes deposit interest rate, that is to make their investment scheme much attractive than compared to others, so that such funds can be used again to lend borrowers.
Modi government bans unregulated deposit schemes - What will be its impact?
Tue, Feb 26, 2019
In the ordinance, the Ministry of Law and Justice explains that, deposit means an amount of money received by way of an advance or loan or in any other form.
Income tax returns (ITR): You do not have to pay TDS on FDs under this amount
Mon, Feb 04, 2019
If your bank has deducted the TDS from your interest income on FDs, then you can declare the deducted amount in your ITR filing form and the IT department will automatically refund your paid sum in your bank account.
Bank account holder? Budget 2019 made your bank deposits interest income tax free! Limit hiked; Small savings schemes row solved; Modi govt makes you richer
Fri, Feb 01, 2019
Currently, for banks, the pressure arises from government’s small savings schemes, which forced the lenders to aggressively hike deposit rates beyond their ability to keep up with the Centre’s investment tools.
Budget 2019: Your benefits from fixed deposits, savings to rise? Dear NDA govt, do make bank deposits tax free
Fri, Feb 01, 2019
Budget 2019: For banks, deposits are seen as an expenditure as they pay interest to customers, on the other hand, lending is their way to earnings as they receive interest from customers.
Is banking system moving towards liquidity deficit? What it means for your loans, EMIs
Wed, Jul 18, 2018
Net liquidity position has moved from a liquidity surplus level in the preceding week to a marginal liquidity surplus level in the week ended 13 July.
Who moved my savings? The conundrum of declining savings post-demonetisation
Tue, Feb 20, 2018
Contrary to what preliminary RBI data indicated, the financial savings rate in fiscal year (FY) 2017 declined post- demonetisation even as the deposits in banks grew in droves, noted a report, adding the gains from deposits were not enough to compensate for the sharp fall in currency holdings dur
Expectations for India's 2018-19 budget
Tue, Jan 30, 2018
India`s government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture and a slew of incentives for businesses.
Panic over proposed FRDI Bill is misplaced: SBI Ecowrap
Thu, Dec 21, 2017
Seeking to clear the confusion in the public domain, the report said, "First, whether the concept of bail-in is justified in Indian context. Such strategy is similar to the strategies adopted by EU countries like Cyprus whose per capital income is 14 times higher than India.
Is your bank deposit safe? Know more about FRDI Bill & bail-in clause
Fri, Dec 08, 2017
FRDI Bill i.e. Financial Resolution and Deposit Insurance Bill 2017 aims to focus on finding a resolution in case of a rare event of a failure of any financial service provider like banks, insurance companies or a non-banking financial companies etc. At present the bill is pending with the standing committee and have not been enacted as a law.
What type of bank account is good for your money? check here
Wed, Dec 06, 2017
Many of us are not aware of what is transaction limit, benefits, minimum balance requirement or is there any income tax that needs to be filed on these account.
RBI maintains 'status quo' 2nd time in row; repo rate stands at 6%
Wed, Dec 06, 2017
Policy repo rate under the liquidity adjustment facility (LAF) continues to stand at 6%, while reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.
Rate cut or status quo: 14 factors will revolve around RBI decision
Wed, Dec 06, 2017
RBI kept repo rate unchanged at 6% in the last monetary policy meet with a neutral stance citing that rising consumer prices will threaten the trajectory for inflation.
Banks deposit and credit growth moderate in Q2FY18: RBI
Tue, Nov 28, 2017
The RBI data showed that aggregate deposits and bank credit growth (y-o-y) decelerated across all population groups and bank groups in September 2017 from a quarter ago.
Mutual Funds vs Bank Deposits: What should be your preferred financial product?
Mon, Oct 23, 2017
In earlier years when the inflation was at a high rate, Bank Fixed Deposit was an attractive choice, as there was zero risk and substantial return on the money invested. But, nowadays this is not the case with Bank Fixed Deposits. Though the risk level has not gone up the return side has faced a downfall.
Led by Commercial Papers, credit offtake clips 15% to Rs 80.09 lakh crore
Thu, Oct 19, 2017
At a paltry 5.08%, fiscal 2017 was the worst year in over six decades for bank credit-lowest since fiscal 1953 when it grew at a much lower 1.8%.
Certificate of Deposits fall below Rs 1 lakh crore for the first time in a decade
Mon, Oct 16, 2017
Performance in Certificate in deposits have decline by nearly 60% in September 2017. Such decline was on the back of weak credit growth from banks, surge in deposit base post demonetisation.
Can PSU bank merger help them outshine private banks' deposit growth?
Mon, Aug 28, 2017
Moody's believes that PSU bank merger will be credit positive but banks still need a lot of money for recapitalisation.
Why are banks choosing to cut savings account interest rates?
Wed, Aug 09, 2017
Two banks namely Axis Bank and SBI have brought down their savings account interest rates by 50 basis points.