RBI imposes Rs 2.49 crore penalty on 3 banks including Punjab & Sind The Reserve Bank on Friday said it has imposed penalties totalling Rs 2.49 crore on three banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms. A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions ...

Ease TDS rules for buying house property from NRIs in Budget 2024 [ad_1] Buying a house in India involves some tax compliances which get very complex when the seller is a Non-resident individual (NRI). Every property buyer, being a resident individual, is required by law to deduct tax from the amount (price) he pays to the seller. However, where the ...

India's financial conditions improved significantly in Dec: CareEdge External factors like geopolitical tensions and energy prices must be monitored, says rating agency

Fund review: HDFC ELSS tax saver fund Fund review: HDFC ELSS tax saver fund

Indian crypto firms welcome US SEC approval for bitcoin ETF, draw hope US regulator’s decision will create ‘new era’ of crypto asset adoption, they say

UPI best payments system, RBI not averse to having rival of NPCI: Das Reserve Bank Governor Shaktikanta Das on Thursday dismissed criticism from certain quarters that after the huge success of UPI, its creator NPCI has become a monopoly and asserted that there is more room for the payment app to grow and it can become the world leader in ...

India's outward FDI nosedives to $2.25 billion in December: RBI data Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

RBI asks CROs of banks to take pre-emptive measures to mitigate risks The Reserve Bank of India has asked chief compliance officers and Chief Risk Officers (CROs) to be proactive and take pre-emptive measures to mitigate risks. Addressing a conference of heads of assurance functions (i.e., chief compliance officers, CROs and heads of internal audit) of all Scheduled Commercial Banks ...

Income Tax in Budget 2024: Will standard deduction limit be hiked from Rs 50,000 to help salaried taxpayers? [ad_1] Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was ...

PE investment in Indian real estate down 26% in Apr-Dec 23: Report Activity by foreign institutions has been subdued due to global geopolitical uncertainty