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The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to...

9 Nov 2019 3:39 AM IST

Moodys also affirmed Indias local-currency senior unsecured rating and other short-term local-currency rating.

Moody's cuts India credit rating outlook to negative

The fundamentals of the economy remain quite robust with inflation under check and bond yields low.

9 Nov 2019 3:37 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

8 Nov 2019 8:28 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

India's bad debt pile eased by write-offs, underlying problem far from...

As of June 30, total stressed assets on the books of Indian banks were at 9768.47 bn rupees down from 10,672.29 bn...

8 Nov 2019 3:50 PM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

Mutual fund AUM rises 7.4 per cent to Rs 26.33 lakh crore in October

Mutual fund houses witnessed an overall inflow of Rs 1.33 lakh cr last month after witnessing a redemption of Rs 1.52...

8 Nov 2019 2:03 PM IST

Following a disciplined financial approach would not only help inavailing loan, it can also help manage expenses better. (Representational image)

Planning to take loan in your 20s? 5 points to determine if you are...

Availing loan without financial planning can have dire consequences on your financial health.

8 Nov 2019 1:07 PM IST

Subhash Chandra Garg

On DeMo anniversary, former FinMin official Garg says Rs 2,000 notes...

India has still a long way to go with more than 85 per cent payment transactions in the country still taking place in...

8 Nov 2019 11:37 AM IST

However, after bringing retail trade under the Department of Industrial Policy and Promotion, the government did not find an immediate need to constitute a regulatory authority.

Govt mulls ombudsman for e-commerce sector

The government recently talked to the e-commerce companies and asked them to work with small traders as well as Ciat.

8 Nov 2019 6:24 AM IST

Darren Hulst, deputy vice president of Commercial Marketing for The Boeing Company and Salil Gupte, president of Boeing India at the release of the Commercial Market Outlook 2019 in Mumbai.

India will need 2,380 new aircraft by 2038: Boeing

Growth in travel and tourism will drive demand for 2,380 new airplanes, valued at USD330 billion.

7 Nov 2019 11:25 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Telecom dept examines impact of SC order on adjusted gross revenue...

Airtel, Vodafone Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore in three...

7 Nov 2019 6:38 PM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Rs 25,000-cr fund not for projects with cases pending in higher...

Homebuyers can approach banks for loan revival, advised the Governmant.

7 Nov 2019 5:52 PM IST

From Left to Right : Suniti Nandi- Fintech Officer, Govt of Maharashtra; Ajit Patil- IAS ,MD, Maharashtra IT Corporation Limited ; Naveen Surya - Chairman Fintech Convergence Council at the curtain raiser of IFF 2020.

MFH, FCC come together for a collaborative growth ecosystem for...

India Fintech Festival (IFF) to platform lead experts across the globe for exchange of ideas and knowledge sharing.

7 Nov 2019 11:45 AM IST