Mumbai: Reserve Bank of India (RBI) has issued draft guidelines for computing banks’ (CCR) from derivative transactions and for bank exposures to central counterparties to bring it in line with…
Category: Banking And Finance
Not transferring your PF when switching jobs could cost you tax-free withdrawal benefits — Here’s why
Switching jobs often means getting a new EPF account linked to your new employer but you should not overlook an important step which is transferring the balance from your old…
PhonePe, CRED may relaunch credit card rent payments: What are they and how they differ from wallet loading?
Fintech players PhonePe and CRED may soon bring back the option to pay rent using credit cards, according to a Moneycontrol report, citing sources. The companies are reportedly testing the…
RBI cancels registration certificates of 135 NBFCs
Mumbai: The (RBI) on Wednesday said it has cancelled the certificate of registration of 135 . These include companies such as , , Times Finance (P), Jupiter Projects (P), Jupiter…
ELSS funds see ₹650 crore outflow; are tax-saving mutual funds losing relevance?
(ELSS), once a staple of tax planning for retail investors, are increasingly finding themselves on the sidelines as more taxpayers migrate to the new tax regime. According to data released…
RBI revives FCNR(B) swap window for NRIs; can it replicate the 2013 inflow boom? Explained
The has reopened a special FCNR(B) swap window for banks to attract foreign currency deposits from non-resident Indians (NRIs), reviving a mechanism last used during the 2013 rupee crisis. The…
Pvt sector reposing faith in economy, capex cycle showing signs of revival: Punjab National Bank CMD Ashok Chandra
New Delhi: is showing signs of revival, with companies increasingly borrowing for expansion and , (PNB) Chairman and Managing Director (CMD) said, stressing that the private sector has started “reposing…
How to file a complaint in consumer court and seek redressal — Step-by-step process explained
Buying a defective product, receiving poor-quality service or being charged unfairly can leave consumers with limited options is the seller or service provider refuses to address the grievance. To protect…
‘ ₹7 lakh tax rebate was never just about saving tax’: ClearTax’s Archit Gupta on how it changed the way Indians invest
The ₹7 lakh tax rebate introduced under the new tax regime during the Union Budget 2023 was widely viewed as a measure to reduce the tax burden on middle-income taxpayers.…
How to create a balanced portfolio using core-satellite investing strategy: Meaning, allocation and benefits
The core-satellite helps investors build a balanced portfolio by combining passive and actively managed investments. It is a portfolio construction approach designed to balance returns, risk, and costs. Through passive…