RBI to come up with new rules on classification of accounts as fraudulent The Reserve Bank of India (RBI) will soon develop a set of rules that will govern the declaration of a bank account as fraudulent, a report by The Economic Times (ET) said. This comes nearly a month after the Supreme Court asked banks to hear the borrower ...

Mutual funds to invest Rs 50 lakh for five years [ad_1] I need investment advice on investing in mutual funds. I have a Rs 50 lakh corpus. I want a return of 12% per annum over a five-year period. My risk profile is moderately aggressive.–Nitin GirotraIt seems you are new to mutual funds. Don’t go by the past returns and ...

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4% HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on ...

Rbi Gives Hdfc Bank Leeway In Loan Norms For Smooth Merger [ad_1] (This story originally appeared in on Apr 22, 2023) MUMBAI: The RBI has paved the way for the country’s largest banking merger by allowing some regulatory relief to HDFC and HDFC Bank. The main impact for HDFC customers is that home loans will have to be linked to ...

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL Education loan assets under management (AUM) of non-banking financial companies (NBFCs) are projected to grow by 35-40 per cent to around Rs 35,000 crore in the financial year 2023–24, riding on specialised business models and an increase in the number of students travelling abroad, CRISIL Ratings ...

Merger with HDFC: A mixed bag for HDFC Bank from RBI on forbearance requests [ad_1] In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country’s largest private sector lender, which is aiming to ...

Cumulative impact of monetary policy actions still unfolding: RBI guv Das RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday. Das, along with ...

pan aadhaar linking last date: Will PAN-Aadhaar linking last date get extended? [ad_1] The PAN-Aadhaar linking deadline has been repeatedly extended by the Central Board of Direct Taxes (CBDT). Those who have not yet linked the two ID proofs can still do so before March 31, 2023 (by paying a penalty amount); otherwise, their PAN will become inoperative as of ...

Ultra-rich Indians are now parking more money in gold: Knight Frank survey Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report Philanthropy by India’s super rich falls by a third in FY22, says report How to set up a family office abroad? More wealthy Indians want to know Samsung Galaxy S23 Ultra review: Maxed-out phone ...

Premature redemption: SGB Premature redemption: RBI notifies price for premature redemption of SGB 2016-II and 2016-17-Series II [ad_1] The Reserve Bank of India has released the price for early/premature redemption of the Sovereign Gold Bond Scheme (SGB 2016-II and 2016-17-Series II) due on March 29, 2023. What is SGB?SGBs are government securities denominated in grams of gold. They serve as ...