RBI governor announced measures to protect business from second wave of covid 19
RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers,...
How to Get Back your Shares from Investor Education and Protection Fund
Procedure to claim Refund
The procedure to claim IEPF Refund by filing Form IEPF-5 is explained in detail below:
Download Form IEPF-5
The claimant needs to download...
LEI Now Mandatory Above 50 Cr of Foreign Transactions
The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy...
Highlights of GST Council Meeting
Finance Minister Nirmala Sitharaman on Friday announced the reduction of GST rates on a slew of items. The revised GST rates would become effective...
RBI has cancelled licence of Bank for not having adequate capital and earning prospectus
In a big development, the Reserve Bank of India (RBI) has cancelled the licence of a bank for not having have adequate capital and...
Structured Digital Database Compliance Certificate
All About STRUCTURED DIGITAL DATABASE Certificate
Unpublished Price Sensitive Information
Regulation 2(1)(n) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 defines the expression ‘unpublished...
REC Launches New Mobile App for 54EC Bonds Investors: SUGAM REC
REC Limited, a leading public sector enterprise in India, has launched a new mobile app called "SUGAM REC" for investors of its 54EC Capital...
Representation of AT-1 Bonds as Super FDs by Yes Bank
Yes Bank and three members of its private wealth management team misled and manipulated investors to buy their risky additional tier-1 bonds, the market...
RBI transfers Rs.99000 crores as dividend to Govt.
The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the central government for the nine months ended March 31...
HOW TO APPLY FOR 1 CRORE LOAN UNDER NEW SCHEME LAUNCHED BY PM
Prime Minister Narendra Modi on Friday announced a slew of measures including sanction of loans of up to Rs 1 crore to small and...
RBI increases Market Trading Hours from 9th November 2020
On Monday the Reserve Bank Of India (RBI) has announced that it has decided to restore trading hours for various regulated markets in a...
SEIS Benefit Can Be Claimed Even If you Don’t have IEC Registration
Hon’ble High court Decision Regarding SEIS benefit can’t be denied for not having IEC when services rendered No IEC required for availing benefit of...
SEBI: Made Optional for Executing ‘Power of Attorney’ for opening Demat Account
Security and Exchange Board of India (SEBI) issued a circular on August 27, 2020, for its clients that the Power of Attorney (PoA) is...
I Want To Sell My House In USA And Move To India. What Are...
I have been working in USA for more than 12 years and now my family and me are moving back to India for good this...
Central Govt. extends the Emergency Credit Line Guarantee Scheme (ECGLS) to November 30, 2020
On Monday this week, the Government of India has announced the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs by one...
RBI imposed penalty of 4 crores on Bank of India and 2 crores on...
The RBI on Monday imposed penalty aggregating to ₹6 crore on Bank of India and Punjab National Bank for contravention of norms, including one related...
Gold Hallmarking to be Made Mandatory Soon
Union Consumer Affairs Minister Shri Ram Vilas Paswan asserts Gold hallmarking being made mandatory to ensure consumers are not cheated, are better informed about...
How You Can Invest in Government Securities via RBI’s Retail Direct Scheme
The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode...
SEBI discusses 100% shareholding in MII’s, norms for Independent Directors
The board of Securities and Exchange Board of India (SEBI) will meet in the last week of June to likely clear the annual accounts...
New IMPS Rules 2023: Everything You Need to Know
Introduction
IMPS (Immediate Payment Service) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such...
The Curious Case Of Fewer Financial Advisers And What To Do About It
Good financial advice seems to be hard to get. Turns out, it’s tougher to get hold of a financial adviser in the first place.Amid...
SBI floating rate loans to be linked to Repo rate
The State Bank of India (SBI) said on it will use the repo rate as the external benchmark for its floating rate loans for...
{Funding Alert } Byju’s Set to become India’s Third Most Valued Unicorn after Tiger...
Indian edtech unicorn BYJU’S on Thursday said it has raised a new round of funding from Tiger Global Management.
Sources close to the fund
raise told YourStorythat...
Loan growth promising, banks capital base impaired according to RBI Report
The Reserve Bank of India (RBI) on Thursday said the second Covid wave’s macro-economic cost to the country could hopefully be limited to the...
SIP 555 formula: How you can build Rs 5 crore retirement corpus by 55...
SIP 555 formula: As 'SIP 555 formula' has three five, the first 5 means to aim your retirement five years early at the age of...
Paytm seeks a drop in the revenues, also cuts losses by 42% in the...
IPO-bound One97 Communications Ltd, the parent brand which owns Paytm, saw its consolidated revenues shrink by 11% to ₹3186.8 crore for fiscal year 2020 -2021...
What is SME Exchange – Benefits of Listing Your Company
Have you ever wondered about investing in start-ups, more specifically a stock that will give you multifold returns? Here, we are not talking about...
Some Private Sector Banks Reporting CC Limit as Overdraft
While presenting the concerns of MSMEs before the Finance minister during Pre-budget consultations, the national Federation of Indian Micro and Small Medium Enterprises (FISME)...
At Monetary Policy Meeting RBI keeps Benchmark interest remain unchanged.
Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 lakh crore...
MSME Grants – How Much, How to Apply, What are Schemes and All the...
MSME grants are financial assistance provided by the government to micro, small, and medium enterprises (MSMEs). MSMEs are businesses that have an investment in...