Month: June 2024
How NBFCs are back in the reckoning | Finance News – Business Standard
https://www.business-standard.com/finance/news/how-nbfcs-are-back-in-the-reckoning-124062700434_1.html Clipped from: https://www.business-standard.com/finance/news/how-nbfcs-are-back-in-the-reckoning-124062700434_1.html Sector has overcome the after-effects of the pandemic; its credit crossed the Rs 50 trn mark in FY25 Raghu Mohan New Delhi 1
Union Budget 2024: Will Bengaluru be included in 50% HRA exemption? | Budget 2024 News – Business Standard
https://www.business-standard.com/budget/news/union-budget-2024-will-bengaluru-be-included-in-50-hra-exemption-124062700642_1.html Clipped from: https://www.business-standard.com/budget/news/union-budget-2024-will-bengaluru-be-included-in-50-hra-exemption-124062700642_1.html Currently, rented houses in Delhi, Mumbai, Kolkata, and Chennai qualify for a 50% exemption from HRA, while those in other locations (non-metro)
GST suppliers giving discounts must ensure undertaking from client: CBIC | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Clipped from: https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not The
Financial system resilient, banks GNPAs fall to multi-year low at 2.8%: RBI | Finance News – Business Standard
https://www.business-standard.com/finance/news/financial-system-resilient-banks-gnpas-fall-to-multi-year-low-at-2-8-rbi-124062700700_1.html Clipped from: https://www.business-standard.com/finance/news/financial-system-resilient-banks-gnpas-fall-to-multi-year-low-at-2-8-rbi-124062700700_1.html Scheduled Commercial Banks’ GNPA ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets (NNPA) ratio to
Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers | Company News – Business Standard
https://www.business-standard.com/companies/news/truecaller-hdfc-ergo-tie-up-for-insurance-product-to-safeguard-subscribers-124062700648_1.html Clipped from: https://www.business-standard.com/companies/news/truecaller-hdfc-ergo-tie-up-for-insurance-product-to-safeguard-subscribers-124062700648_1.html Truecaller in a release said that amid rising cases of cyber fraud, the insurance offering underscores its commitment to combating fraud and
RBI Governor Das cautions against tech-led disruptions in financial system | Finance News – Business Standard
https://www.business-standard.com/finance/news/rbi-governor-das-cautions-about-tech-led-disruptions-in-financial-system-124062700742_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-governor-das-cautions-about-tech-led-disruptions-in-financial-system-124062700742_1.html Matrix of financial stability at its best, challenge is to improve, says Das Mumbai: Reserve Bank of India Governor Shaktikanta Das addresses
Govt to give 5-yr extension for export credit scheme amid economic slowdown | Budget 2024 News – Business Standard
https://www.business-standard.com/budget/news/govt-to-give-5-yr-extension-for-export-credit-scheme-amid-economic-slowdown-124062700788_1.html Clipped from: https://www.business-standard.com/budget/news/govt-to-give-5-yr-extension-for-export-credit-scheme-amid-economic-slowdown-124062700788_1.html In the upcoming Budget 2024, there may be a five-year extension of the scheme for pre- and post-shipment rupee export credit Listen
Banks’ LCR declines to 130% from 135% between September, March: RBI | Finance News – Business Standard
https://www.business-standard.com/finance/news/banks-lcr-declines-to-130-from-135-between-september-march-rbi-124062700925_1.html Clipped from: https://www.business-standard.com/finance/news/banks-lcr-declines-to-130-from-135-between-september-march-rbi-124062700925_1.html The report said that banks’ efficiency indicators weakened due to rising staff costs and an increased cost-to-income ratio Photo: Bloomberg Listen to
HDFC Bank imposes fee on credit card rent payments via CRED, Paytm, others | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/hdfc-bank-imposes-fee-on-credit-card-rent-payments-via-cred-paytm-others-124062700933_1.html lipped from: https://www.business-standard.com/finance/personal-finance/hdfc-bank-imposes-fee-on-credit-card-rent-payments-via-cred-paytm-others-124062700933_1.html Earlier this year, ICICI Bank and SBI Cards stopped offering reward points for rent payments on several credit cards Listen to This
Health insurance application declined? Here’s what you need to know | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/health-insurance-application-declined-here-s-what-you-need-to-know-124062700466_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/health-insurance-application-declined-here-s-what-you-need-to-know-124062700466_1.html The insurance companies take a decision to provide coverage based on the risk assessment of an individual’s medical condition Notwithstanding the growth
Banks’ gross NPA ratio falls below 3%, a first since 2012: RBI report | Finance News – Business Standard
https://www.business-standard.com/finance/news/banks-gross-npa-ratio-falls-below-3-a-first-since-2012-rbi-report-124062700950_1.html Clipped from: https://www.business-standard.com/finance/news/banks-gross-npa-ratio-falls-below-3-a-first-since-2012-rbi-report-124062700950_1.html To meet min capital requirement even under severe stress Illustration: Binay Sinha Listen to This Article Asset quality of commercial banks continued
RBI’s action against regulated entities rises even as amounts fall | Finance News – Business Standard
https://www.business-standard.com/finance/news/rbi-s-action-against-regulated-entities-rise-even-as-amounts-fall-124062700932_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-s-action-against-regulated-entities-rise-even-as-amounts-fall-124062700932_1.html According to Financial Stability Report, the enforcement action by the banking regulator increased to 161 entities in December 2023 – May 2024
MSME ministry targets onboarding 500,000 micro, small enterprises on ONDC | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/msme-ministry-targets-onboarding-500k-micro-and-small-enterprises-on-ondc-124062701056_1.html Clipped from: https://www.business-standard.com/economy/news/msme-ministry-targets-onboarding-500k-micro-and-small-enterprises-on-ondc-124062701056_1.html Addressing an event on International MSME Day, Manjhi said MSMEs will be a key force in the movement towards Atmanirbhar and Viksit