Banking

SBI Revises Charges on Cash Withdrawals, Average Monthly Balance and Others

Starting 1 October, the State Bank of India will revise service charges for deposits and withdrawal which will encompass cash withdrawal, average...

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Wills

SC backs Parents Transferring Property to ‘Caring Children’

If parents transfer property to an offspring who took care of them in old age, it cannot be assumed that the individual exerted undue influence on...

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Tax

Prosecution norms less draconian for late filing of Income Tax returns TDS

The Central Board of Direct Taxes (CBDT) has relaxed some norms relating to prosecution of income tax defaulters for delay in depositing Tax Deducted...

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Other Insurance

Motor Insurance Premiums may be linked with Traffic Violations

The Insurance Regulatory and Development Authority of India (IRDAI) has, on the request of the government, set up a working group to examine and...

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Loans

RBI Orders Banks to Link Retail, MSMEs Loans to External Benchmarks

The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and micro, small and medium enterprises (MSMEs) to...

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Fixed Income

Returns on PPF, NSC May be Lowered after RBI move

The government may be forced to lower interest rate on small savings schemes such as Public Provident Fund and NSC when it reviews them at the end of...

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Banking

Federal Bank to Link Deposit rate to External Benchmarks

Federal Bank on Saturday announced that it will link its savings deposit rate to external benchmarks, becoming the first private sector lender to...

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Consumer Issues

Cashless Tolls in Delhi From September 13

The Supreme Court-mandated Environment Pollution (Prevention and Control) Authority (EPCA) and South Delhi Municipal Corporation (SDMC) have...

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Tax

Faceless Tax Assessment Pilot Soon

Taxpayers in select cities can soon be assessed by a tax officer from anywhere in the country, as the government takes steps towards “faceless...

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Banking

HDFC Bank Asked to Pay Rs5 lakh for Misplacing Mortgage Documents

A consumer forum directed HDFC Bank to pay ₹5 lakh as compensation after it misplaced original property documents which a couple had deposited...

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