Punjab National Bank customers in Greater Noida allege Rs 35 crore fraud, several employees suspended

Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/punjab-national-bank-customers-in-greater-noida-allege-rs-35-crore-fraud-several-employees-suspended/articleshow/135266581.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst PNB customers in Greater Noida allege nearly Rs 35 crore went missing from accounts; several employees, including the branch manager, suspended. Noida:

Housing society increased maintenance fee of 6 homeowners selectively after they filed a case on Rs 3.08-crore misappropriation; Maharashtra court gives relief

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/housing-society-increased-maintenance-fee-of-6-homeowners-selectively-after-they-filed-a-case-on-rs-3-08-crore-misappropriation-maharashtra-court-gives-relief/articleshow/135249968.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Six homeowners of a Vile Parle housing society took legal action against the managing committee for misappropriation of Rs 3.08 crore of

Can income tax officials take your PPF savings for unpaid tax dues? Know what the law says

Read more at:https://economictimes.indiatimes.com/wealth/tax/can-income-tax-officials-take-your-ppf-savings-for-unpaid-tax-dues-know-what-the-law-says/articleshow/135230895.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A tax demand from the Income Tax Department can become a serious financial concern if it remains unpaid. The department has wide

Rs 60 lakh cash gift from late husband: Widow gets income tax notice for’unexplained’ credit – Know what ITAT ruled

Read more at:https://economictimes.indiatimes.com/wealth/tax/widow-bank-account-rs-60-lakh-cash-deposit-gift-late-husband-income-tax-notice-she-wins-in-itat-pune/articleshow/135227623.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Is a cash gift received from the late husband taxable in the hands of the widow? Recently, ITAT Pune pronounced its order

Editorial in BS- Gold loans [1] One in every four to five borrowers took a gold loan to repay other loans [2] Thus the new loan is unlikely to improve the borrower’s ability to repay [3] Gold loans are now about 5.6 trillion as of August 31 [4] Share of housing loans in household borrowing is declining [5] However debt servicing burden on households could affect overall consumption and growth in the medium term [6] This could also have repercussions for household savings with implications for overall investments in the economy– Courtesy BS

SBI Chairman on effects of  recent rate hike on credit and deposits [1] Another 50 bps soon [2] Opines — weakening credit cycle and moderation in the credit demand are two different things [3] Opines further ” we r entering the rate hike cycle with a robust growth rate ” [4] Advises  banks ” What is important is in terms of your service quality and what is the value proposition you give to a customer in terms of maintaining the account — News Courtesy BusinessLine

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