Finance News

Which is better for you to keep money? With numerous savings schemes and options in the market, it can be difficult to decide what gives the best interest. What’s apt for X, may not be right for Z. What constitutes as ‘best’ can also change with time and age, depending on where one is financially posed in their life and ...

What are different types of car insurance policies in India? Details here Car insurance coverage is an important concept to understand when someone buys a new car. Even if an owner takes all the necessary precautions, the car could still be involved in an accident, breakdown, or other unforeseen event. A car insurance policy can help protect the owner from ...

RBI imposes Rs 85 lakh penalty on Central Bank of India for non-compliance The RBI on Friday said it has imposed a penalty of Rs 84.50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting. The Reserve Bank had conducted statutory inspection for supervisory evaluation of ...

Investments by sovereign wealth funds surge 56% in 2022: SWFI analysis In a sign of rising interest by global sovereign wealth funds in India, the country has seen a 56 per cent rise in investments by sovereign wealth funds in 2022 to $6.714 billion, compared to $4.3 billion in 2021, said an analysis shared by the Sovereign Wealth Fund Institute ...

Karnataka Bank appoints Srikrishnan Harihara Sarma as MD and CEO High-voltage campaigning for Karnataka elections to end today at 5 pm Come May 13, will BJP script history in 2023 Karnataka Assembly elections? Karnataka Assembly polls: Rahul Gandhi promises Rs 2 hike in milk subsidy 97% MLAs crorepatis in Karnataka’s new Assembly, 55% have criminal records Karnataka Assembly polls 2023: ...

Thinking of prepaying your home loan? Things you should keep in mind Buying a house constitutes a big financial decision. One way home-owners can save money is to prepay their home loans early. Home-owners can prepay the entire amount or a portion of it. Prepaying home loans can save home-owners money on interest payments. However, there are contrasting views on ...

What is C-KYC? All you need to know about the centralised database The Central-Know Your Customer is aimed at improving efficiency, enhancing customer convenience, and strengthening the due diligence process in the financial sector. It facilitates faster and smoother transactions while ensuring compliance with regulatory requirements related to customer identification and verification.  What exactly is C-KYC?   C-KYC or Central-Know ...

What does it mean for you? The tax exemption limit for leave encashment upon retirement for non-government salaried employees has been hiked to Rs 25 lakh, the Central Board of Direct Taxes (CBDT) informed on Thursday. Previously, the limit was Rs 3 lakh.  The relief was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023 and the ...

Aditya BSL Dynamic Bond Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Axis Long Term Equity Fund Pan-Aadhar link to bank locker agreement: 6 deadlines to remember in June Invest severance package in debt funds, ...

6 deadlines to remember in June From the last date to link Pan and Aadhaar cards to signing the bank locker agreement under new rules, there are a few financial tasks Indians must keep in mind in June. Flouting these deadlines may attract fines. Taxpayers as well as bank account holders must check the list to avoid the penalties. ...