Deposits shrink Rs 59,623 cr, credit down Rs 6k cr in May 19 fortnight Bank credit and deposits shrunk in the fortnight ended May 19, reflecting lower business volumes at the start of the new fiscal year. While deposits declined by Rs 59,623 crore to Rs 183.74 trillion at the end of the fortnight, credit shrunk by Rs 6,181 crore ...

Common mistakes you should avoid while filing your ITR The last date to file your income tax return (ITR) for FY 2022-23 (AY 2023-24) is getting near on July 31, 2023. While most individual taxpayers file their tax returns on their own, understanding the complex laws of income tax can prove to be a deterrent in filing the return.  Depending ...

Link your PAN and Aadhaar by June 30: Here's all you need to know PAN is essential when it comes to filling tax returns and making investments in mutual funds and stocks, here how to ensure your cards are linked

Goldman Sachs bets on RBI pausing repo rate again on June 8 meeting Forecasting a steeper fall in inflation to the tune of 50 bps lower than previously projected, a Wall Street brokerage sees the central bank leaving the policy rates unchanged at 6.5 per cent in the forthcoming review on June 8. Analysts at Goldman Sachs India ...

Mirae Asset Tax Saver Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Axis Long Term Equity Fund Digital transactions in India highest in world but why is cash still king? Irdai issues Bima Vahaks draft ...

Kotak Mahindra Bank Debit Card services will be unavailable on these days [ad_1] Kotak Mahindra Bank has informed that Kotak Bank Debit, Spendz Card services will be unavailable for a few hours on June 3 and 10, 2023 due to maintenance activity. The bank informed its customers via an email. The bank stated in the email: “We would like to ...

Digital transactions in India highest in world but why is cash still king? India’s Unified Payments Interface (UPI)-led retail digital payments grew at a compounded annual growth rate (CAGR) of 50 per cent in the last five years, with digital transactions surpassing all major developed economies, including the US, the UK, and Europe, said the Reserve Bank of India in ...

I-T dept to keep open SFT returns filing portal for FY’23 for ‘couple days’ Banks, foreign exchange dealers and other reporting entities have ‘couple of days more’ to report high-value transactions done by their clients in 2022-23 by filing SFT returns, the I-T department has said. The last date for filing statement of financial transactions (SFT) for 2022-23 ...

UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days UPI continues to dominate digital payments thanks to wide use of QR codes ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000 ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000 Is it the end of WhatsApp’s UPI ambition? ...

What are the tax implications of depositing Rs 2,000 notes? Indians have been panicking ever since it was reported that large cash deposits made during the phasing out of the Rs 2,000 notes would likely be notified by banks to the taxman, especially if the deposit is disproportionate to the income reported in the income tax return.  But what ...