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Be ready to meet the credit demand: FM Nirmala Sitharaman to banks Indian banks have to be ready to meet the credit demand in the economy, which is expected to further pick up in the wake of the festive season and immediately after it as people are willing to spend money and businesses are willing to expand capacity and ...

Banks ensure their systems speak to each other for customer service: FM Finance minister Nirmala Sitharaman on Friday urged banks to ensure that their systems speak to each other so that they are able to serve customers in a better way. The minister, while delivering the keynote address at the 75th annual meeting of the Indian Banks ...

Eldeco partners HDFC Capital to form Rs 350 cr fund for housing projects Realty firm Eldeco group on Friday said it has partnered with HDFC Capital to set up Rs 350 crore fund to develop residential projects across many cities. Eldeco Infrastructure and Properties Ltd (EIPL), a privately held company of the Eldeco Group has “partnered with ...

IRCTC causing loss to exchequer by not issuing invoice: Tax consultant The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for eatables sold within trains, a tax consultant said on Friday. In a letter to Union ...

RBI: Borrowing money via digital apps? Know your rights to avoid being exploited [ad_1] If you are taking a loan from a digital lending service provider or an app, then it is imperative that you know about your rights. Borrowers having been flocking to digital lending service providers/apps due to the ease and speed with which loans are disbursed. However, ...

RBI likely to raise repo rate by 50 basis points to 5.9%: Morgan Stanley The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley. “We were earlier expecting a 35bp increase,however, ...

PM Kisan Maan Dhan Yojana: Are you eligible for PM Kisan Maan Dhan Yojana [ad_1] Step 4 The following categories of beneficiaries of higher economic status shall not be eligible for benefits under the scheme: All Institutional Land holders; and former and present holders of constitutional posts and former and present Ministers/ State Ministers and former/present Members of Lok Sabha/ ...

How a woman can quietly plan, prepare for divorce [ad_1] Getting a divorce has obvious emotional implications but what’s often overlooked is the financial aspect of spousal separation. To maintain the same lifestyle as she had when married, a woman must ensure a reasonable alimony/maintenance amount in the event of divorce. Here are some handy tips to make sure as ...

How EPS pensioners can submit Digital Life Certificate using FaceRD app [ad_1] Jeevan Pramaan is a digital life certificate for pensioners that is biometrically enabled and based on Aadhaar. Employees’ Pension Scheme 1995, provides social security to members during the service, administered by EPFO. According to an EPFO official tweet, “Face Authentication technology for Digital Life Certificates (DLC) of EPS’95 ...

Banks seek clarity on ‘grey areas’ from RBI on Rupee Vostro accounts The banks reached out to the Reserve Bank of India (RBI) to seek clarity on legal and regulatory grey areas around proposed rupee Vostro accounts before operationalising them to settle international trade, including that with Russia, the Economic Times reported. What are Vostro accounts? ...