Retire-meant: How to retire with a purpose, not just with money

How to make your retirement towards a meaningful retirement

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TDS is compulsorily deductible from these types of NRI income

An NRI receives different types of income from India. However, if an NRI receives a certain type of income from India, then TDS will be applicable to such income. The TDS will be applicable even Re 1 earned from such income, irrespective of whether an NRI's total taxable income exceeds Rs 2.5 lakh or not in a financial year.

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India's banking system liquidity slips into deficit: RBI

The RBI infused 218 billion Indian rupees ($2.73 billion)into banking system on Tuesday, the biggest since May 2019. Overnight rates continue to stay elevated, with one-day call money rate jumping to 5.85%, highest since July 2019.

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RBI lifts prompt corrective action curbs from Central Bank of India

"The performance of the Central Bank of India, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted that as per the assessed figures of the bank for the year ended March 31, 2022, the bank is not in the breach of the PCA parameters," the RBI said in a release.

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No intention to stifle innovation or penalise fintech lenders: RBI Governor Shaktikanta Das

“Our intention is not to penalise anyone or to stifle any activity, all I am saying is please follow the traffic rules,” Das said. “We are not painting everyone with the same brush, there are regulated entities and there are unregulated entities. We have made the distinction clear.”

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RBI wants fintech operators to follow rules of game, says Guv Shaktikanta Das

The statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced to commit suicide and the last week's incidence of a young pregnant woman being mowed down by the recovery agents of Mahindra Finance which financed her father's tractor in Bihar.

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Tips for Effective Financial Planning

8 basic tips you may want to consider to help you get started on your journey towards efficient financial planning

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NIIF boss Sujoy Bose likely to exit fund after 6 years at helm

NIIF, India’s quasi sovereign wealth fund, currently has $4.3 billion of assets under management through a Master Fund, a Fund of Funds and a Strategic Opportunities Fund.

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Regional rural banks too may get cover for education loans

Under CGFSEL, default in education loan is covered if the loan limit is ₹7.5 lakh without any collateral security and third-party guarantee. At present, the fund extends guarantee cover against default in education loans sanctioned by public, private and foreign banks.

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Card tokenisation to roll out from Oct 1: Here's all you need to know

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RBI asks large UCBs to appoint chief compliance officers

Compliance risk is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer as a result of its failure to comply with laws, regulations, rules, and codes of conduct applicable to its activities, the RBI said in a circular.

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Finance Ministry calls meeting of PSU bank chiefs on September 21 to take stock of vacancies, recruitment plan

The meeting, to be chaired by Financial Services Secretary Sanjay Malhotra, will be attended by top management of banks and financial institutions through virtual mode, the sources said.

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Can Fin Homes’ MD & CEO Girish Kousgi resigns

The company stated that ​​Kousgi will continue to function as the MD and CEO and discharge duties till the date of his relieving.

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