LOAN FROM PPF ACCOUNT
Bajaj Finance Q3 results: Profit falls on slow loan growth, high provisions
Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. New loans booked during the quarter at 6.04 million were lower than the 7.67 million a year ago.
Jan Dhan accounts cross 41 crore: Finance Ministry
"Govt. committed to #FinancialInclusion to all citizens. As on 6/1/21, #PMJDY accounts cro...
Google removes 30 loan apps from Play store after RBI red flag
Naspers-backed PayU’s credit platform LazyPay, as well Cashguru, 10MinuteLoan,...
Loan app racket: Telangana cops pick one more Chinese from Thane
Telangana police on Wednesday arrested Chinese national He Jian and an Indian associate from Thane in the ongoing illegal instant loan app case that has links across the country.
How to reactivate a PPF account
A Public Provident Fund (PPF) account holder is required to deposit a minimum of Rs 500 every financial year. Failure to deposit this amount leads to account being designated as inactive. Here is how one can reactivate his/her PPF account.
Public sector banks may follow a uniform practice on employee accountability for bad loans
Indian Banks’ Association (IBA) has formed a committee under Canara Bank ED MV Rao to look into the nuances of staff accountability. The panel will recommend steps that will be adopted by the lenders.
PFS approves resolution of IL&FS Tamil Nadu Power Company
As per RBI circular dated June 7, 2019 and directives of National Company Law Appellate Tribunal (NCLAT), following resolution has been approved by PFS in line with lead lender Punjab National Bank (PNB), the company said.
No cut in PPF, NSC, other post office schemes' interest rates for Q4 of FY 2020-21
This was announced by the finance ministry via a circular dated Dec 30, 2020. As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%. Here is a look at the interest rates on various small savings schemes for the final quarter of FY 2020-21.
Dear world, stop bombarding investors with mails, messages and unsolicited advice
By sending too many statements, too much information, too much knowledge, and works too hard to grab the attention towards the endless string of new products that have to be sold. This complicates the will of keeping financial life simple.
Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy
Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda told in an interview.
JP Morgan demands loan repayment of 40 billion wons from SsangYong
Following the Korean automaker's application for rehabilitation dated December 21, JP Morgan issued a notice to the cash-strapped firm demanding the repayment of an outstanding loan amount of 40 billion KRW (around Rs 268 crore with interest), M&M said in a regulatory filing.
What Lakshmi Vilas Bank account customers should do post imposition of moratorium?
If you are a customer of LVB, you would be understandably worried about the future of the bank and more importantly, your own money in the bank. So, let us look at what account holders should do and what they can expect once the merger with DBS India is completed.
Should I withdraw money from EPF account to pay off my home loan?
Before withdrawing money from your Employees' Provident Fund (EPF) account to pay off your home loan, there are certain aspects you need to consider. Some of these include your overall financial position; what percentage of your salary goes as EMI? etc.
Can a returning NRI open a PPF account?
A recent rule allows an account holder to pre-close the PPF account on change in residency status. Irrespective of the residency status on maturity, the proceeds are tax-exempt in India.
How to deal with your PPF account on maturity
You can get the maturity proceeds transferred to your savings account by submitting an application to the bank or post office in the prescribed format with details of PPF and savings accounts.