SC to decide if resolution professionals can be tried under Corruption Act The Supreme Court has sought a response from the CBI on a plea against a Jharkhand High Court order that a resolution professional appointed under the Insolvency and Bankruptcy Code is a ‘public servant’ and can be tried under the Prevention of Corruption Act. A SC ...

Paytm partners with Shriram Finance to strengthen its loan distribution biz One97 Communications Ltd, the parent company of Paytm, on Friday, entered into a strategic partnership with retail non-banking finance major Shriram Finance to offer financial services to its users, including loan products. Now, Shriram Finance products will be available on Paytm’s platform, through which the digital platform ...

SBI’s chief financial officer Charanjit Surinder Singh Attra resigns In another filing, the country’s largest lender informed about appointment of four director on the bank’s central board for a period of three years. (Photo: Bloomberg) State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers. “… we ...

Share of loans bearing over 9% interest rate hits 56.1% in March: RBI The share of loans bearing over 9 per cent interest rate rose to 56.1 per cent in March 2023, in tandem with the monetary tightening measures starting May 2022, said a Reserve Bank report on Friday. The Reserve Bank started raising interest in May 2022 ...

MSS certificate can be operationalised at PSBs, select private banks: Govt The scheme has been in operational mode since April 1 (File) All public sector banks (PSBs) and private banks such as ICICI Bank, Axis Bank, HDFC Bank, and IDBI Bank will now be able to implement and operationalise Mahila Samman Savings (MSS) Certificate, the Ministry of Finance announced ...

Govt approves issuance of 27th tranche of electoral bonds, sale from July 3 The government on Friday approved the issuance of the 27th tranche of electoral bonds that will open for sale on July 3. The decision comes ahead of assembly elections of Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram. Poll dates are likely to be announced in ...

Govt raises interest rates on select small saving schemes by up to 0.3% The interest rate on one-year deposits and two-year deposits have been raised by 10 bps each, while rates on savings deposits will remain unchanged at 4% The government on Friday raised interest rates on select saving schemes by up to 0.3 per cent for the July-September ...

Check Fees, Status, and How to Do It Here The Central Board of Direct Taxes (CBDT) has fixed the last date to link the Aadhaar card and PAN card as June 30. The Centre had earlier fixed the last date to link the PAN and Aadhaar cards as March 31, 2023. This was, however, later postponed. While linking ...

Charts:182 of 200 firms in BSE 200 index see profit rise by 5% on year Non-banking financial Corporations, housing finance companies (HFCs) and public sector undertakings (PSUs) were the major issuers of corporate bonds in financial year 2022-2023, showed data analysed by Reserve Bank of India’s Financial Stability report.  NBFCs, in particular, have raised more funds through public issues ...

Filing your Income Tax returns? Know key changes in ITR for assessment year 2023-24 Changes to the ITR for AY 2023-24 In order to accommodate the amendments made to the Income Tax Act 1961,  a few changes have been made to the income tax return ( ITR) form to be filed for the Assessment Year 2023-24. 1.Virtual digital ...