Banking

FinMin has not made decision to discontinue printing of Rs 2000 note

The Finance Ministry informed the Lok Sabha that no decision has been taken to discontinue the printing of Rs 2,000 denomination currency notes,...

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Other Insurance

Irdai permits life, general insurers to conduct video-based KYC

Regulator Irdai has permitted life and general insurers to conduct KYC of prospective customers through Video Based Identification Process (VBIP), a...

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Other Insurance

IRDAI to introduce standardised policies for life and small businesses

Insurance Regulatory and Development Authority of India chairman Subhash Khuntia, addressing an event organised by industry lobby group CII,

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Tax

CBDT lays out parameters, situations for scrutiny of returns under faceless assessment

The Central Board of Direct Taxes (CBDT) has prescribed five broad parameters for compulsory selection of returns for complete scrutiny under...

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Mutual Funds

Sebi mandates equity multi-cap MFs to invest minimum 25% in each small-caps, mid-caps and large-caps

The Securities and Exchange Board of India unexpectedly tightened the investment norms for multi-cap schemes of mutual funds—a category that...

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Banking

Financial services soon to be part of doorstep banking by PSBs

Financial services will be a part of the doorstep banking services available to public sector bank (PSB) customers from October, according to finance...

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Consumer Issues

SC asks Centre to clarify if refund will be given for tickets booked for air travel during lockdown

The Supreme Court asked the Centre to clarify whether it is willing to give complete refund of air tickets booked for travel during the COVID-19...

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Mutual Funds

MF Investors continue to exit equity schemes for the second consecutive month

Equity mutual funds saw outflows for the second consecutive month with investors pulling out Rs 4,000 core in August, after withdrawing Rs 2,480...

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Life Insurance

Life Insurers new business premium reports positive growth for second straight month in August

India’s life insurance industry continued to see growth in new business premiums (NBP) in August for the second straight month, writes The...

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Stocks

Mobile based trading in cash market jumps to 24% of total turnover

Average daily turnover through mobile trading on the NSE in the cash market jumped to a record 24.3% of total turnover in August compared with about...

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