SBM Bank says engaging with RBI to address ‘supervisory concerns’ BENGALURU (Reuters) – SBM Bank (India) is engaging with the Reserve Bank of India (RBI) to address “supervisory concerns”, the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions. The RBI, on Monday, ordered ...

South Indian Bank posts Rs 102-cr net profit in October-December quarter South Indian Bank on Tuesday reported a net profit of Rs 102.75 crore, restricted by money set aside as ageing provisions for security receipts as per a regulatory mandate. The Thrissur-headquartered lender had reported a loss of Rs 50.31 crore in the year-ago period, ...

Will Budget 2023 hike threshold for tax deduction at source on income from online games? [ad_1] The online gaming sector is one of India’s fastest growing sectors. The penetration of 5G technology in 2023 will further accelerate innovation in next-gen gaming tech such as augmented and virtual realities, 360-degree video, Web3. With 15 billion downloads in 2022, India is the ...

SBI customers: You don't need an app to check statement; know how to get it via call [ad_1] [ad_2]

How to withdraw from Sukanya Samriddhi Yojana (SSY) account [ad_1] The government launched Sukanya samriddhi yojana to promote the wellbeing of the girl child by offering financial support during key life events like marriage and schooling. The Beti Bachao Beti Padhao campaign’s Sukanya Samriddhi Yojana programme was introduced on December 2, 2014. How is interest calculatedThe account will earn interest ...

Indian lenders expect pick up in retail deposits as interest rates rise By Siddhi Nayak and Nupur Anand MUMBAI (Reuters) – Indian lenders are expecting stronger inflows of retail deposits as the interest rates offered to individuals to park money with banks have risen in recent months, bringing them at par with those offered by ...

RBL Bank FD Scheme: RBL Bank launches new FD scheme; these investors can earn up to 8.3% interest rate [ad_1] In order to give customers the benefit of flexibility with their regular monthly savings and top-up investments, RBL Bank announced the launch of its Smart Deposit programme. This flexible term deposit option is known as Smart Deposit. Customers have the ...

Rupee closes at 81.70 against dollar amid unabated foreign fund outflow The rupee fell 28 paise to close as 81.70 (provisional) against the US dollar on Tuesday as unabated foreign fund outflow hit market sentiments. However, a weak dollar and fall in crude prices capped the losses in the local currency, forex traders said. ...

Income tax Budget Expectations: What income tax relief Nirmala Sitharaman’s 2023 Budget can give for middle-class [ad_1] With Budget 2023 around the corner, middle-class taxpayers are hoping for a host of measures from Finance Minister Nirmala Sitharaman. A simplified capital gain tax regime, lower income slabs under the new tax regime, and higher income tax deductions for prepayment of housing ...

UCO Bank Q3 profit more than doubles to Rs 653 cr on decline in bad loans UCO Bank on Tuesday reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven by increase in interest income and decline in bad loans. Its net profit stood at Rs 310 ...