credit card fees : There is important news for the customers of Yes Bank and IDFC First Bank. From May 1, customers of these banks will have to pay more to pay utility bills. Sources say that due to misuse of personal cards by customers and low MDR, some other …
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RBI gave major instructions regarding the method of interest recovery by banks, these orders will be implemented with immediate effect
RBI: Expressing concern over unfair practices adopted by some banks and financial institutions in charging interest, the Reserve Bank of India (RIB) directed them to take corrective steps and refund the excess charges. The guidelines issued on Fair Practices Code for Financial Institutions (REs) under the ambit of RBI advocate …
Read More »The growth of eight major basic industries of the country was 5.2 percent in March
New Delhi, 30 April (Hindustan Times). The pace of growth of eight major basic industries of the country was 5.2 percent on an annual basis in March. However, this increase is less than the previous month. Its growth rate in February this year was 7.1 percent. The Ministry of Commerce …
Read More »BSE shares fall 19% intra-day on SEBI orders: Rs 165 crore to be paid
Mumbai: Capital markets regulator SEBI ordered Bombay Stock Exchange (BSE Ltd) and Multi Commodity Exchange of India (MCX) to pay estimated regulatory fees based on the annual turnover of options contracts. Value of option contract. BSE has collected a total of Rs 68.64 crore as regulatory fee and GST (including …
Read More »Good News! Salary of central employees will increase again, know who will get the benefit?
The central government has given great news for its employees. Now the limit of higher allowances and hostel subsidy for children's education has been increased for Central Government employees. Recently the Central Government has also increased the dearness allowance. After this, before the announcement of elections, many state governments also …
Read More »Indian stock market rises, Bank Nifty opens at new record high
There is excitement in the Indian stock market and due to the 2-day meeting of the US Federal Reserve, there is movement in the market. Last night, a good rise was seen in the American markets and the domestic markets are also getting support due to Dow Jones closing on …
Read More »IPO returns: Four times more IPOs than last year, 15 net investors
IPO investment: The number of IPOs declined in April due to volatility in Sensex and Nifty as well as negative listings of back to back IPOs in March. A total of 3 IPOs and 1 FPO have been listed in April. However, the number of IPOs in the first four …
Read More »Housewives are eligible for loan without income or job proof, know how
Types of loan options for women with no income: Taking loan has become easy in today's era. Loans can be easily obtained for sudden financial needs and certain expenses. But for that it is mandatory to submit income-employment certificate. So can women building houses get loans? The answer is yes. …
Read More »Sensex jumped 941 points, Nifty closed near 22,650
Today there was a rise in the Indian stock market and the credit for this rise was given to large cap shares. Particularly, significant selling was seen in banking stocks and three banking stocks included in the Sensex made new highs. Last week, the market had seen a five-consecutive bullish …
Read More »Buying property on installments in Dubai tantamount to inviting violation of FEMA provisions
Since interest is charged by builders in case of installment purchase, it is considered as a financing arrangement. Foreign exchange liability arising from installments disbursed in a particular year requires prior approval of RBI. The trend of Indians buying property in Dubai is increasing, Indians have overtaken British citizens to …
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