Finance news

Indiabulls Housing Finance refutes allegations of siphoning Rs98,000cr; stocks down 5%  IndiainfolineWe believe that the impending merger application with Laxmi Vilas Bank made us very easy target for the blackmailers who thought we would be easily ...

"As per RBI requirements, we have to list the bank before June 2021. We have already started the process and our internal target is that by January 2021, we should list the bank", said Singh.

12 Finance Ministry officials ‘forcibly retired’  The HinduIn a sweeping action aimed at removing corrupt officials from *service*, President Ram Nath Kovind on Monday forcibly ordered the retirement of 12 senior officials ...

Opinion: A top global finance meeting loses its relevance  LivemintMinisters mouth the right words, but aren't empowered to solve what really ails the economy.

Indiabulls Housing Finance terms siphoning charges as bizarre  Economic TimesNEW DELHI: Terming allegations of siphoning of Rs 98,000 crore as "bizarre", Indiabulls Housing Finance Ltd (IBHFL) on Monday said the writ petition filed in ...

12 senior I-T Officers ordered compulsory retirement by Finance Ministry  Economic TimesAs much as 12 senior officers of the Income Tax Department have been told to resign by the Finance Ministry on Monday, June 10, 2019. "12 senior officers of ...

IFC to invest $35 m in Manappuram Finance  The Hindu BusinessLineIFC, part of the World Bank group, will invest $35 million (about ₹245 crore) in Manappuram Finance Ltd to help low-income households and small enterprises ...

As part of the financial inclusion drive, the RBI had asked banks to provide BSBDA as a savings account offering - certain minimum facilities, free of charge.

The Crisil report comes at a time when most banks are at the cusp of an end of the NPA pains after a prolonged period, and are concentrating on the resolution now.

DHFL paid 100.2 million rupees ($1.44 million) in interest on four non-convertible debentures (NCD) and principal of 350 million rupees on one of them.

The mid-sized private lender had appointed Kumar, who had led state-run Syndicate Bank in the past, as its interim successor for a month till Ravneet Singh Gill from Deutsche Bank India took over from March 1.

Withdrawing Rs 10 lakh a year may attract 3-5% tax: Finance Ministry  India TodayWithdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high ...

Ahmed's removal is part of action taken by Anti Corruption Bureau, which was established a few months ago in the state. On Saturday, the bank said subject to approval of the RBI, the board has appointed Chhibber as the interim CMD with effect from June 8, 2019.

Micro housing finance companies choke on acute fund crunch post DHFL crisis  Business StandardMicro housing finance companies are finding it increasingly difficult to raise funds with the crisis at Dewan Housing Finance Limited (DHFL) worsening.

The Reserve Bank of India has taken a major step to boost digital transactions by scrapping the charges on fund transfers through RTGS and NEFT.

RBI red-flag in 2012 pointed to irregularities in Religare Finance  MoneycontrolRBI found irregularities in their inspection on January 6, 2012, for the financial year ending 2009-10.

Consolidate debt affordably by transferring your home loan to Bajaj Housing Finance Limited  Business StandardA home loan balance transfer allows you to refinance an existing home loan through a new financial institution that offers you a more affordable interest rate.

Akme Star Housing Finance Ltd leads gainers in B group  Business StandardRead more about Akme Star Housing Finance Ltd leads gainers in 'B' group on Business Standard. Cantabil Retail India Ltd, Sadbhav Infrastructure Projects Ltd ...

HSA Advocates boosts Banking & Finance Practice with Amit Charan in Delhi  Bar & BenchAmit Charan has joined HSA Advocates as Partner. He will be based out of the firm's Delhi office. Prior to joining HSA, he was working at Corporate Law Firm.

A Top Global Finance Meeting Loses Its Relevance  BloombergQuint(Bloomberg Opinion) -- Finance chiefs from the biggest economies rang the alarm over global growth and said they're prepared to do something about it.

Should you buy stocks of housing finance companies at the current levels?  Business StandardThe recent downgrade of Dewan Housing Finance Corporation (DHFL) due to a default in interest payment to debenute-holders triggered a fall of over 20 per ...

Mumbai teachers get lessons in banking and finance sector  Hindustan TimesIn the last few months, hundreds of teachers from city colleges received training in the latest developments and emerging areas in the banking and financial ...

Family finance: Salaried Krishna needs to align investments with goals  Economic TimesP. Vamsee Krishna, 37 years, stays with his homemaker wife and two children, aged 10 and eight, in his own house, in Hyderabad. He is a software engineer, ...