What makes ELSS a sensible tax saving option?

A guide on ELSS and why it is a best option for investor to get ta benefits

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Paying Rent to NRI landlord? Deduct TDS, else pay penalty

Are you paying housing rent to a Non-resident Indian? If yes, then ensure that you are deducting tax before making a rent payment to the NRI landlord. Remember under the income tax laws, as a tenat if you fail to deduct tax, then you will be liable for penal consequences. Read on to know the income tax rate at which taxes are to be deducted and how to deposit them with the government.

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Indian corporate loan demand tepid despite buoyant economy -Kotak Mahindra Bank exec

Indian corporations have deleveraged their balance sheets significantly over the past few years by raising equity and refinancing high-cost debt. This has opened opportunities for banks, which have seen growth coming mostly from retail lending in recent years. The credit environment has never looked better, KVS Manian, president for corporate, institutional and investment banking at Kotak Mahindra Bank said

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PNB on track to meet Rs 32,000 crore recovery target from bad assets in FY23: MD

"In the June quarter, we have recovered Rs 7,057 crore. In the September quarter, the total recovery was Rs 8,564 crore. It means we are on the right track, whatever is the target per quarter. Definitely, we will be able to achieve the target (for the fiscal)," Goel said.

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IIFL Finance aims to triple co-lending to over Rs 13,000 crore

“IIFL Finance has transformed its business model from being a pure non-bank lender to increasingly a co-lending partner with banks,” said Nirmal Jain, founder IIFL group and managing director, IIFL Finance. “IIFL Finance has benefited from the co-lending model, where it keeps only about one-fifth of the loan on its own books and four-fifth goes to the bank’s books,” he told ET.

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Shivalik Small Finance Bank raises Rs 111 crore from Quona Capital, Accel and Bharti AXA Life Insurance

Announcing the equity raising Wednesday, the bank said it plans to use the funding to enhance its tech stack, strengthen its team, and deepen partnerships to boost its lending to small and medium size businesses. Noida-based Shivalik is the first small finance bank in India to have transitioned from an urban cooperative bank.

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Why are ESG scores important in ESG investments?

What does ESG score mean for companies form investor funding point of view. Read to know more

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Know everything about XIRR in mutual funds

A guide on XIRR in mutual funds and how to calculate them

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NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auction

Last month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six loans such as Jaypee Infratech, Mittal Corp, Consolidated Construction Consortium Ltd, SSA International, Meenakshi Energy and Helios Photo Voltaic Ltd. In all, it plans to acquire 18 accounts this quarter totalling ₹39,921 crore debt,

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ICICI & Indian Bank raises benchmark lending rate by 35 bps, makes loans costlier

ICICI Bank and Indian Bank increased their benchmark lending rate by up to 35 basis points, making loans more expensive for the borrowers on Tuesday.

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ITR filing: CBDT issues draft proposal for common ITR form for all taxpayers; know details

The Central Board of Direct Taxes (CBDT) has proposed to introduce a common form for filing income tax return (ITR) by merging all the existing forms, except ITR 7

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PNB Housing Finance expects 40 pc jump in disbursals this fiscal: MD & CEO Kousgi

"If you look at the real estate space, the pace started one and half years back and now we are just through the journey. So with the real estate boom coupled with economic activity in the country and high shortage of housing, opportunity is still very high. All these things put together, I feel that the demand is robust and we are witnessing this.

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How to pay income tax using UPI, credit card, 4 other ways on new tax portal

The new e-filing income tax portal has introduced the facility of paying taxes. Earlier, taxpayers could use facility provided by NSDL website to pay income taxes to the goverment. The new income tax portal allows the taxpayers to pay income tax via UPI, credit card and 4 other ways. Read on to know the step by step guide for the same.

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