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RBI prior approval now a must for picking up over 5% stake in banks The Reserve Bank of India (RBI) on Monday said any person looking to acquire more than 5 per cent stake in a bank will need prior approval from the regulator. “Any person who intends to make an acquisition, which is likely ...

Family finance: Why the Bajajs will meet all their money goals [ad_1] Ajay & Supriya Bajaj are both employed and bring in a combined salary of Rs.4.4 lakh a month. They have a two-year-old child and live in a rented house in Mumbai. They also own a house worth Rs.55.9 lakh, which fetches them a rent of Rs.11,000 a month, ...

Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil Securitisation volumes have topped Rs 1.15 trillion in the first nine months of the current financial year (FY23), up 42 per cent year-on-year (YoY) from the year-ago period, as market activity in the October – December quarter continued with the momentum witnessed in the first ...

5 things to know about investing in post office schemes [ad_1] 1.Small savings schemes are instruments used by the Central Government to encourage citizens to save regularly. 2.The small savings instruments include PPF, SSY, SCSS, NSC, post offi ce deposits and KVP. 3.They typically provide returns that are usually higher than bank fixed deposits. 4.They also come with a sovereign ...

Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist Ahead of the Union Budget, the banking sector, through the Indian Banks’ Association (IBA), has made recommendations to the Union finance ministry on direct tax, including removing Section 194N of the Income Tax Act. According to Section 194N, tax deduction at source ...

Emami has decent growth prospects: 4 reasons analysts are bullish on the stock [ad_1] Synopsis Rising per capita income, increasing health awareness and growth of e-commerce will boost the FMCG sector, which will, in turn, improve Emami’s growth prospects. FMCG company Emami reported weak numbers in the second quarter of 2022-23 despite decent growth of its international business. It reported ...

Bank of Maharashtra Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale Bank of Maharashtra’s (BoM’s) net profit rose by 138.76 per cent year-on-year (YoY) to Rs 775.03 crore during the quarter ended December (Q3 of FY23). This was on the back of an improvement in net interest margin (NIM). ...

Gifts for the grandchildren: 7 things to keep in mind while investing for grandkids [ad_1] Gifting to grandchildren is a mixed feeling of indulgence, love, responsibility and righteousness. The question of legacy comes in: let us do something we will be remembered by. Then law and procedure takes over. There was a time when family wealth was primarily held in ...

Insurers can classify green bond purchases as infra investments: Irdai MUMBAI (Reuters) – The Insurance Regulatory and Development Authority of India has said insurers will be allowed to classify their sovereign green bond purchases as infrastructure investments. The regulator, in a circular dated Jan. 13, said the move was made with the objective of “de-concentration and diversification” of ...

NRIs from these countries can use UPI with their international mobile numbers soon – UPI to be available for NRIs soon [ad_1] NRIs from these countries can use UPI with their international mobile numbers soon – UPI to be available for NRIs soon | The Economic Times 16 Jan 2023, 03:49 PM IST 1/6 UPI to be available for NRIs ...