"It is leading to a situation where every complaint, till it's resolved, is under scrutiny and those implicated cannot take any other decision. By lowering the threshold and including all officials, there is already an uptick in cases, which won't get resolved quickly," said a senior bank executive, who did not wish to be identified.
Fino Payments Bank on April 30 had said that its shareholders rejected the proposals to increase the authorised share capital of the bank and alteration of capital clause of Memorandum of Association (MoA); as well as the reappointment of independent directors Mahendra Kumar Chouhan and Punita Kumar Sinha.
With early age investments, one develops a habit of saving more, which is diverted towards investment. Early investments lead to compounding returns.
Based in Singapore, Bank-Genie develops digital solutions that enables banks to overcome prohibitive costs to set up branches in remote locations and make banking accessible to unbanked populations, according to the Today tabloid.
Central Bank of India and State Bank are among VVF's lenders, and they too are proposing to sell their debt soon. VVF’s other lenders include Punjab National and Bank of Baroda.
TCS is applicable on sales of specific goods which don’t include production or manufacturing material.
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.
Earlier, the government decided to reduce the valuation of LIC of India while downsizing the share sale. "Investors drew confidence after such reduction, as they are keen to bet," said head of a mutual fund house. An individual can apply for shares up to Rs 2 lakh. The minimum benchmark is set at Rs 25,000 crore.
"HDFC increases its retail prime lending rate (RPLR) on housing loans, on which its adjustable rate home loans are benchmarked, by five basis points, with effect from May 1, 2022," the company said in a statement.
"We will stay the course on those lines, despite the criticism that either we are being pushed more towards recovery, or we are just being mindful of a resolution, disregarding the recovery percentage," Swaminathan said at an event organised by Indian Institute of Management, Ahmedabad.
"HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from May 1, 2022," the company said in a statement.
'MI' aims to protect low-income people with insurance products that are affordable. The objective of MI is to empower people to cope with and recover from common risks such as death of the breadwinner, paying for treatment of serious illnesses, reconstructing destroyed homes and businesses, among others.
Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chairman MR Kumar told PTI in an interview. LIC is currently doing roadshows for its maiden public issue, which opens for subscription on May 4.