Financial sector must avoid 'all forms of exuberance': RBI governor Banks, NBFCs would be ‘well advised to take precautionary measures in four areas, says Shaktikanta Das

10-yr period for income tax review applies to income over Rs 50 lakh: Delhi high court [ad_1] (This story originally appeared in on Nov 21, 2023) Mumbai: In a judgment that will cheer taxpayers who have been flooded with notices for past dues, the Delhi high court has held that the extended period of 10 years for re-opening of I-T ...

Private banks make largest single-day govt bond purchase in 7 years A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said

Retirement fund body EPFO adds 1.7 million net members in September Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase ...

Uttar Pradesh government eyes 10-12% share in India's pharma sector UP has signed memorandums of understanding with more than 80 CSIR and DRDO labs for research and development on affordable drugs

Investment via participatory notes slip to Rs 1.26 trillion in Oct Investments in the Indian capital markets through participatory notes (P-notes) dropped to Rs 1.26 lakh crore in October-end after rising for seven consecutive months. The latest data includes the value of participatory note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered foreign ...

Fusion MicroFinance plans to cut its bank funding share to 55-60% The first focus for the Gurugram-based BSE listed lender is to bring down the share of bank funding in resources to 76-77 per cent in the near term

India's forex reserves drop $462 million to $590.321 billion: RBI India’s forex kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.672 billion to USD 590.783 billion. In October 2021, the country’s forex kitty had ...

RBI sets price for premature redemption of SGBs at Rs 6,076 per unit The Reserve Bank of India (RBI) on Friday said the price for premature redemption of Sovereign Gold Bonds (SGBs), due on November 20, will be Rs 6,076 per unit. “The redemption price for the premature redemption due on November 20, 2022 shall be Rs 6,076 per unit ...

NBFC assets to grow 25-30% in FY24-25, caution on unsecured loans: Icra Non-bank lenders are set to report growth of 25-30 per cent in their Assets Under Management (AUMs) in FY24 and FY25, a domestic rating agency said on Thursday. Icra Ratings, which made the growth estimate for Non-Banking Financial Companies (NBFCs) having AUMs of up to Rs 10,000 crore, ...