​Cheque fraud victims to get Rs 74 lakh from Axis Bank after 15 years long legal fight [ad_1] Axis Bank was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay a collective amount of Rs 73.93 lakh (including compensation) to five individuals who were victims of a cheque fraud withdrawal incident. Here’s what happened. On May 24, 2008 one ...

RBI announces changes to market timing for January 22. Details here The Reserve Bank of India (RBI)’s announcement came a day after the Centre announced that all central government offices will be closed for half a day

Foreign banks lap up government bonds ahead of India's index inclusion Foreign investors pumped in Rs 14,281 crore in domestic debt market in January

TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it? [ad_1] Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that India is currently leading the ‘grassroot adoption’ game in VDAs. India also has the second-largest functioning VDA market in the ...

Reserve Bank of India net sells $1.9 billion in November, shows data The rupee depreciated by 0.17 per cent in November. The RBI’s net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October

Citigroup partners with LuminArx to launch private lending vehicle Last year, Wells Fargo also launched a fund in partnership with a private equity firm

State Bank of India raises Rs 5,000 crore funding through AT1 bonds The nation’s largest lender State Bank of India has raised Rs 5,000 crore through its second Basel III compliant additional tier 1 (AT1) bond sale this fiscal. The bank, in a statement on Thursday, said the perpetual bond with a call option after 10 years and every anniversary ...

Deductions that must be added in new tax regime to make it attractive in interim Budget 2024: Experts [ad_1] The government is trying to make the new tax regime (introduced in FY 2020-21) more attractive vis-à-vis the old tax regime. In Budget 2023, standard deduction of Rs 50,000 from salary and pension income was allowed in the new tax regime. ...

Missed connecting flight due to delay by airline, Air India asked to pay Rs 3.85 lakh compensation after 20 years fight [ad_1] Air India was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.75 lakh compensation and Rs 25,000 to senior citizen customer for litigation expenses along with 6% simple interest from the date of complaint. This ...

Commercial banks rushing to ramp up presence in temple town of Ayodhya The town has been buzzing with business activities since the temple construction started following the Supreme Court’s permission in November 2019. The opening is scheduled for January 22