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RBI’s expected credit loss approach may impact capital positions of banks The Reserve Bank of India (RBI)’s discussion paper suggesting banks move to an expected credit loss (ECL) approach for provisioning of bad assets from the current incurred loss approach is likely to have a bearing on the capital position of some banks, if not all, analysts reckon. ...

Why basic income tax exemption limit should be increased| EconomicTimes [ad_1] Highest slab should be tweaked to Rs 20 lakh Ankit Jain, Partner, Ved Jain & Associates said, “Indian economy has grown tremendously since 2014, the Sensex and Nifty have grown multifold, tax collection has increased, even consumption has increased during. However, the one thing that the government has not ...

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping ...

How to withdraw cash using SBI doorstep banking service [ad_1] Doorstep banking is one of the best services offered by banks, beneficial to senior citizens and differently abled customers. Banks charge their customers depending on the service availed. Also, these charges differ depending on the account and citizen. The State Bank of India (SBI) now permits customers with disabilities to ...

Bank of Maharashtra raises rates on term deposits after union appeal State-owned Bank of Maharashtra has hiked interest rates on its special rupee term deposits from January 16. The lender made the decision after the united forum of MahaBank Unions urged management to raise interest on fixed deposits. The forum said some branches were losing ...

home loan emi: Struggling to pay home loan EMI? There are ways to pay less now, but there’s catch [ad_1] The sharp rise in interest rates within the past 9 months has hit home loan borrowers the worst. For a Rs 50-lakh home loan outstanding with a 20-year tenure, if the interest rate has gone up from 7% to 9.25%, ...

NRO savings account interest rate: SBI vs HDFC Bank vs ICICI Bank [ad_1] To keep and manage income received in India for Non-Indian Residents (NRIs), such as dividends, pensions, or deposits of your current savings, they can open an NRO (Non-Resident Ordinary) savings account. Banks offer different interest rates on savings accounts, here is a quick comparison of SBI, HDFC ...

RBI proposal on loan loss provisions to raise bank capital needs: Analysts MUMBAI (Reuters) – The Indian central bank’s discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said. On Monday evening, the Reserve Bank of India released the paper proposing ...

Union Budget 2023: Budget 2023 should clarify how a non-resident’s income from cryptocurrencies will be taxed [ad_1] Individuals who invest in Bitcoin while they are residents of India and then transfer/sell the same bitcoins in subsequent years when they have become non-residents may face challenges in understanding their income tax obligations. This is because Budget 2022 has failed to provide ...

Rupee likely to fall on weak Asia foreign exchange, waning momentum By Anushka Trivedi and Nimesh Vora MUMBAI (Reuters) – The Indian rupee was expected to open lower against the U.S. dollar on Tuesday, tracking losses in Asian peers and on dwindling upside momentum, traders said. The rupee was likely to open at around ...