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FDRS
Big win for depositors: Bank cannot lower FD rate once booked, rules Allahabad High CourtBanks cannot unilaterally cut fixed deposit interest rates after they are booked. The Allahabad High Court ruled this in favor of FD holder...- Is America on the brink? Legal experts warn Donald Trump’s attack on judge could push U.S toward a full-blown constitutional crisisGrowing clashes between the Trump administration and federal judges over immigration and policies fuel warnings of a constitutional crisis,...
- Sebi revises norms on upstreaming of clients’ funds by stock brokersIn June, the capital market regulator had laid out a framework for the same but had received various representations from stock brokers and...
- Banker-broker nexus? RBI smells a ratRBI has asked Sebi to hand over details of such partly funded FDRs as the arrangement poses a threat to the system, said a person with dire...
- YES Bank case: Anmi urges RBI to consider exempting capital market transactionsAnmi has requested the RBI to consider exempting outstanding capital market transactions wherein a YES Bank account is involved.
- YES Bank FDs, bank guarantees no longer valid, traders have to arrange funds by WednesdayClearing corporations tell traders 50% of papers wouldn’t hold by Monday; customers may have to come up with Rs 1,200-1,400 crore
- Is NOIDA a corporation under UP law? SC to examineAgainst the decision to levy tax, the banks preferred an appeal before the Commissioner of Income Tax (Appeals), saying NOIDA was a corpora...
- Supreme Court to examine whether NOIDA is a corporation under UP lawThe SC will look into the appeal against an Allahabad HC order which held that NOIDA is a corporation established under the Act and, banks ...
- NSE arm introduces acceptance of FDRs in electronic formThe move will help in eliminating the loss of physical papers and reducing fraudulent activities.
- 2005 IPO scam: Karvy Consultants' Rs 65 lakh FDs seizedThe ED has charged Karvy for using the shares meant for Retail Individual Investor (RII) and also for creation of benami demat accounts.
- Banks facing problems due to high interest rates: AssochamAssocham said the scheduled commercial banks have never saw such a narrow spread between the FDRs and the lending rates since 2000-01.
- Akhilesh Yadav declares assets and liabilities worth over Rs 4.83 croreSetting a precedent before his cabinet colleagues, Uttar Pradesh Chief Minister Akhilesh Yadav has officially declared his assets and liabi...
- NCDRC rejects plea for encashment of one of four 1961 FDRsWadhera had moved NCDRC challenging the Punjab State Consumer Commission's order which had set aside an Amritsar district forum order.
- Q&A: TaxationVaibhav Sankla, Executive director, Adroit answered ET reader queries on taxation.
- UCO Bank moves HC against IT order levying fine on itThe United Commercial Bank has moved the Delhi High Court challenging an Income Tax notice that slapped a penalty of over Rs 54 lakh on its...
- US market regulator seeks India's permission to probe SatyamUS SEC has sought India's permission to probe the multi-million dollar Satyam fraud case. Great Fall of Satyam I Decoding the Satyam buy I ...
- Raju may face ‘destruction of evidence’ chargeSatyam’s founder and former chairman B Ramalinga Raju may face serious charge of ‘destruction of evidence’.
- Raju may face 'destruction of evidence' chargeB Ramalinga Raju may face another serious charge of "destruction of evidence", with CBI saying that the fake Fixed Deposit Receipts (FDRs) ...
- Raju's device churned out FD papers: CBIDetailed analysis of the computer of Satyam founder Ramalinga Raju has revealed that investments shown as fixed deposit receipts worth cror...
- SC asks Indian Bank, BoB to release funds to coop societiesThe Supreme Court has directed two nationalised banks, Indian Bank and Bank of Baroda, to release funds to cooperative societies and credit...
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