TVS Credit posts 75% rise in Q3; net profit rises to Rs 97.97 crore TVS Credit Services, a leading non-banking finance company, has posted a 75 per cent rise in net profit during the third quarter of the financial year 2022-23 to Rs 97.97 crore as compared to Rs 55.88 crore during the October to December quarter ...

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row After a sequential fall in November, due to high base and waning of the festival season effect, credit card spends have picked up again in December, recording over Rs 1 trillion for the 10th consecutive month. Latest figures released by ...

Securitisation of stressed assets: RBI floats paper on regulatory purview Securitisation refers to a process that includes the pooling of loans and selling them to an SPE, which then issues securities backed by the loan pool. In the case of securitisation of stressed assets, the originator of non-performing assets (NPAs) sells them to an SPE, which in turn appoints ...

Digital currency to further bolster digital economy, says RBI’s Ajay Kumar Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion, RBI Executive Director Ajay Kumar Choudhary said on Wednesday. Chaudhary was addressing an outreach seminar on ‘Central ...

Bank locker new rule: RBI extends deadline for banks to renew locker agreements [ad_1] [ad_2]

India’s retail health insurance could be a $25 bn market in 5 yrs: Report Buoyed by the Covid-19 pandemic and the increased awareness about protection, India’s retail health insurance segment could possibly become a $25 billion market in the next five years, said a report produced by Avendus Capital. Health insurance, which has been driving ...

PM Kisan eKYC Verification Deadline: PM Kisan 13th instalment: Eligible farmers should complete e-KYC verification before this date [ad_1] The government released the 12th payment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana in October 2022, and farmers are currently waiting for the next or 13th instalment. Beneficiaries must complete the e-KYC verification. According to the Agriculture Department, Govt. ...

India should consider reducing 1% TDS rate on cryptocurrency trade: Report India should consider lowering the 1 per cent TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday. The ‘Impact Assessment of 1 per ...

Banks offering highest tax-saving FD interest rates for senior citizens [ad_1] Banks offering highest tax-saving FD interest rates for senior citizens [ad_2]

Bank holidays in February 2023: Banks to remain closed for 10 days, check state-wise list here [ad_1] In February there will be 10 bank holidays, including the second and fourth Saturdays and all Sundays, spread across various states in the country. Also, banks will be closed for three consecutive Saturday’s, so only one Saturday will be working for banks this ...