While November 2016 was due to the demonetisation and the March and April of the same year could be attributed to seasonal year-end bulge, Soumya Kanti Ghosh, the chief economic adviser to the State Bank Group, said in a note on Friday.
An aspiring home-buyer needs to pay 10 per cent as booking charge and 85 per cent of payment after two years on completion of flooring of the purchased unit. The balance 5 per cent can be payable during the possession of the apartment, the statement said.
The Supreme Court Friday refused to entertain the bail plea filed on health grounds by jailed businessman Rakesh Wadhawan, accused of money laundering in the multi-crore rupees Punjab and Maharashtra Co-operative (PMC) Bank fraud case, saying that he has been in hospital more than the jail.
UIDAI CEO Saurabh Garg during a panel discussion with Paytm founder Vijay Shekhar Sharma at the Infinity Forum said the authority is also exploring emerging technology to enhance security and increase the number of transactions that can be done by using Aadhaar.
Speaking at the InFinity Forum, Modi said technology is bringing a big shift in finance, and mobile payment last year exceeded ATM withdrawals. Fully digital banks without any physical branch offices are already a reality and may become commonplace in less than a decade, he said.
For instance, in case of a salaried individual, one can evaluate the salary structure offered by the employer and opt for those salary components which help maximise tax benefits.
Shah, an MBA from Harvard and chartered accountant, is credited for establishing India's first and largest housing finance company, HDFC, and ratings firm Crisil.
Aggregate deposits in the banking system dipped Rs 2.67 lakh crore during the fortnight ended November 19 to Rs 157.8 lakh crore, latest RBI data indicates. Both demand and term deposits contracted sharply during the fortnight by Rs 1.52 lakh crore and Rs 2.67 crore respectively.
"G Subramonia Iyer has informed that he was tendering his resignation owing to certain urgent and emergent domestic and personal reasons and there were no other material reasons for his resignation," it added.
ADB has approved USD 500 million (about Rs 3,752 crore) loan to help the government of India improve the quality of the country's school education and mitigate the impact of the coronavirus disease (COVID-19) pandemic on students' learning, ADB stated on Thursday.
On November 29, the Central Bank superseded the board of RCL and appointed former Bank of Maharashtra executive director Y Nageswar Rao as an administrator of the company.
“The Hindujas and ADIA have been in talks with AXA to acquire its stake in the Bharti AXA Life Insurance JV, but there is no firm decision yet as negotiations are still around valuations,” a person aware of the deal talks told ET.
Mahindra & Mahindra Financial Services said its loan disbursement rose 17% year-on-year to Rs 2,500 crore expecting the traction to continue in December. Shriram City Union Finance, a Chennai-based leading two-wheeler financer, disbursed Rs 1022 crore to finance 1.6 lakhs two-wheelers in November, its highest ever in a month.