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SBI eyes 15 pc growth in credit offtake

Country's largest bank SBI today said it expects 14 to 15 per cent growth in credit off-take during the current financial year even as economic indicators are improving, said a

RBI cancels licence of 5 NBFCs

The Reserve Bank today cancelled licences of five non-banking financial companies (NBFCs) including Unichem Finance & Enterprises Pvt.
The companies all of which belongs to Kolkata cannot

Rupee down 11 paise against dollar

Falling for the fourth straight day the rupee today weakened by another 11 paise to 60. 64 against the US currency in early trade at the Interbank Foreign Exchange

What all taxes do you pay while eating out

Taxation of restaurant supplies was fairly simple and straightforward till 2011, when service tax was imposed on air-conditioned and centrally-heated restaurants. Till such time, restaurants across the country levied

Bank A/Cs not inoperative if dividend cheque credited in 2 yrs

The Reserve Bank today said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.
"Since dividend on shares is

RBI amends Basel III guidelines for banks

Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a

ICICI Bank offers single rate for home loans up to Rs 5 crore

ICICI Bank the country’s largest private lender has announced a single rate of 10. 15 per cent for all floating rate home loans up to Rs 5 crore

HDFC Life launches Health Assure Plan

Private insurer HDFC Life today launched a health insurance product – Health Assure Plan - that aims to provide a comprehensive health cover.
The plan offers reimbursement of medical expenses

United Bank of India declares Vijay Mallya as wilful defaulter

State-run United Bank of India today became the first lender to declare debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters.
"We have declared Vijay Mallya and three

Nippon to partner in Reliance Bank; launches India funds

As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life today said it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and

  • Payout on Franklin Templeton plan

    FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.

  • Canara Robeco declares dividend

    Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.

  • Payout on HSBC MF plan

    HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.

  • Dividend on Kotak MF

    Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.

  • UTI Mutual Fund declares dividend

    UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.

  • Payout on Bharti AXA scheme

    Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.

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