Online petition against retirement tax goes viral
Budget for 2016-17 seeks to impose a retirement tax at the time of final withdrawal on 60 per cent of contributions made after April 1, 2016, to EPF and other schemes.
Atmadip Ray
Budget 2016: PSB merger a step closer with government stake cut plan
FM has set the ball rolling on consolidation of unwieldy and economically weak state-run banks even as he kept the door open for lowering stake in them below 50%.
Budget 2016: Recapitalisation fund falls short of expectation
The Budget proposal of Rs 25,000-crore recapitalisation for PSB has fallen short of expectation as the amount may not be enough to cover the stress these banks are going through.
Global investors put more capital in Bandhan Bank
GIC and International Finance Corporation have increased their stakes in Bandhan Bank, which is into its sixth month of operation.
India's forex reserves rise $4.6 billion in last four weeks
Reserves rose $347 million in the week to February 12 to $351.832 billion, Reserve Bank of India said in its weekly statistical report.
RBI turns down NBFCs' plea to sale National Pension Scheme
The central bank said it had received proposals from NBFCs, seeking approval for undertaking of point of presence (POP) services.
Term insurance gets going with online push
The digital journey seems to be giving a vital push to pure protection or term insurance plans, which Indian consumers never desired before.
Online financial marketplace Rubique looks to partner state-run banks
Aiming to expand the product line, Rubique is now looking to partner a majority of the state-run banks, which controls two-third of the banking pie.
Uco Bank slips into red with Rs 1,497 crore loss
The strain that Indian banking sector is going through has aggravated further with Uco Bank becoming the latest to slip into red for the December quarter.
PSU banks may look attractive, but wait before you move in
Public sector banking space may look promising for long-term investors but some analysts sounded caution, citing lack of clarity on the roadmap for recovery.
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