Make the most of your Golden Life

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Why Should Professionals Have a Plan? shares Naresh Kumar of Wealocity

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Tax evasion, money laundering via shell companies set to get tougher

Using 'shell' companies to launder money or dodge tax will become tougher with a tribunal ruling last week shifting the 'burden of proof' from the income tax (I-T) department to the taxpayer dealing with such private entities which, though legal, simply serve as conduits for fund

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DHFL lenders set to mark ₹37,400 crore recovery this week, the biggest among NPAs this fiscal

Lenders led by State Bank of India (SBI) are set to log recoveries of ₹37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told

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Shriram Housing Finance explores acquisition to grow in size

Shriram Housing Finance has expanded its loan book 65% to Rs 3,910 cr. Now its target is to reach Rs 10,000 cr by March 2024.

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RBI imposes Rs 2 crore penalty on RBL Bank

The RBI said it had also issued a notice to the bank asking it to explain why a penalty should not be imposed on it.

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Recurring card payments to be affected as new credit, debit card rules kick in from October 1

​This move by RBI can take growth in recurring payment mandates off the charts even though there might be disruptions in the short term, said Shashank Kumar, Razorpay chief technology officer and co-founder.

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Avanse Financial Services​​ ​appoints Vineet Mahajan as​ CFO

Mahajan joins the firm from Aavas Financiers where he served as the treasury head for almost two years. He has also worked with Edelweiss Group for almost eight years and has successfully managed borrowings and spearheaded multiple debt public issues.

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DHFL Case: NCLAT to hear FD, NCD holders and Wadhawan's plea on September 29

In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance Limited. However, the order was challenged by Wadhawan at the appellate tribunal.

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India needs 4-5 more 'SBI size' banks to meet changing requirements of economy: FM Sitharaman

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Wealth Creation explains Ankeet Deliwala of Pinnacle Funds Mart

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Deepen network in rural India: Nirmala Sitharaman to Banks

Finance minister Nirmala Sitharaman said the IBA should digitalise and map banking presence in each districts and identify gaps, adding that she is not against digitalisation.

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India needs 4-5 'SBI size' banks to meet growing needs of economy: FM Nirmala Sitharaman

Meanwhile, Sitharaman asked all to desist calling the National Asset Reconstruction Company (NARCL) as a 'bad bank' as similar institutions are called in other countries like the US. She also said that the banks' books are much cleaner now and this will help the government as the recapitalisation requirements go down.

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