RBI to Limit Weak NBFCs to Avoid Busts

It has been almost two decades since the corrective action framework was…

Bank Deposit Insurance Cover Increased to Rs 5 Lakh, Refund in 3 Months

More than one lakh depositors have received their refund in the last…
Tax Exemption

Global Fund Houses Receive Reassessment Notices From IT Department

The Income Tax (IT) department reopens various old assessments related to several…
Tax Exemption

Government Intends to Bring Cryptocurrencies Under Tax Law

The government intends to amend Section 26A of the Income Tax Act…

How Much Should One Invest in Insurance?

People are still apprehensive about investing in a health insurance policy as…

RBI Keen on Broadening Scope of ‘Bank Note’ to Add Digital Currency

Currently, the Reserve Bank of India is chalking out a step-by-step execution…

Centre Can Continue to Retain a Minimum of 26% Stake in PSBs

The Centre might retain a minimum of 26% stake in public sector…

New Government Bill Seeks To Ban All Private Cryptocurrencies in India

The government will be introducing the ‘Cryptocurrency and Regulation of Official Digital…

SBI Report: People Retain Cash for Emergencies Instead of Transactions

As per SBI estimates, people might be retaining about Rs 3.3 lakh…

RBI’s Pilot Digital Currency Launch To Happen in Q1 of FY23

The State Bank of India’s yearly Banking & Economic Conclave was held…