Friday , April 19 2019

Tag Archives: Banking and Finance

Selling off student loans makes next to no sense

student loan

The UK government has decided to sell a part of its student loan book. At first glance, this proposed sale cannot possibly meet the “value for money” test the government has set for itself. At second glance, the photograph is a bit more complex but the same conclusion arises. The ...

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Cabinet nod to two-month waiver for farm loans

farm loans

New Delhi: The Cabinet on Tuesday officially approved a two-month interest waiver on short-term farm loans in use from cooperative banks. The decision was declared by Prime Minister Narendra Modi on New Year’s Eve as a relief measure to aid winter planting next demonetization of high-value banknotes in November led ...

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Restructured education loans not to be treated as NPAs: RBI

education loans

NEW DELHI: In order to encourage banks to be responsible for education loans, RBI has said rescheduling of payment period of such loans due to unemployment of nonpayer will not be treated as updated accounts for computing NPAs. Banks may be allowed up to three spells of the moratorium (not ...

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How Donald Trump Just Raised Many Mortgage Bills

Donald Trump-Mortgage-bills

In one of his very first functional moves as president, Donald Trump signed an administrative order Friday that will result in a hike to many first-time homeowners’ mortgage bills. Donald Trump, who claimed a democratic mantle in his first speech as a president, signed the administrative order drawing back an ...

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Rs 3-4 lakh crore unaccounted money deposited in bank accounts: IT dept

IT dept

Besides, the IT Dept said Rs 25,000 crore worth of cash was deposited in dormant bank accounts. New Delhi: The Income Tax Department suspects that nearly Rs 3-4 lakh crore of uncounted income has been deposited in banks post the demonization drive that began 2 months ago and is scrutinizing ...

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Breakthrough in Muthoot Finance dacoity, 3 nabbed

Muthoot Finance dacoity

The Cyberabad police cracked the on Wednesday. While key persons are still at large, three of their associates were caught near the Karnataka-Maharashtra border. Hyderabad: The Cyberabad police traced the Muthoot Finance dacoity on Wednesday. While key persons are still at hide, 3 of their companions were caught near the ...

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Finance Minister stated no questioning on deposits at one go, but some banks prefer to do so


NEW DELHI: Finance Minister Arun Jaitley stated on December 19 no queries would be asked if any amount of demonetized currency is deposited at one go but repetitive deposits might raise queries. Yet, depositors are being subjected to a genuine inquisition at some banks. Everyone who wants to deposit more ...

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Reliance Home Finance to raise Rs 3,500 crore via NCDs


NEW DELHI: Anil Ambani Group organization Reliance Home Finance today stated its first debenture topic worth up to Rs 3,500 crore will open on December 22. The public issue will open on December 22 and close on January 6 while the money elevated will be utilized for lending, financing, repayment ...

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