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BANK OWNERSHIP GUIDELINES
Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- Telcos, businesses spar over calls, SMS consent regimeTelecom companies and banks are in a dispute over India's new digital consent rules for commercial messages. Major telecom players want con...
- Are you saving enough money? Experts point to 3 golden rules of savings to achieve your financial targetsSaving money requires more than setting aside leftover income; it needs a structured plan to stay effective amid rising costs and financial...
- RBI introduces specific turnover thresholds for money changersThe Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore an...
- Rare earths, PCBs among 40 sub-sectors on FDI fast trackAs per the updated standard operating procedure (SOP) for processing FDI applications, the government has also rolled out reporting guideli...
- Government specifies 40 sub-sectors for faster clearance of FDI proposals from land-bordering nationsIndia is fast-tracking foreign investment proposals from China and neighboring nations. Forty key manufacturing sub-sectors, including rare...
- PM Kisan 23rd instalment date and time: Check when you can get your next payoutPm Kisan Samman Yojana: Farmers eagerly await the 23rd installment of the PM Kisan Yojana, expected around June-July 2026, with each benefi...
- India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...
- Dubai Residential Visa: You no longer need minimum 7.5 lakh Dirhams to buy a property, Dubai Land Department makes Visa rules easierDubai has removed the minimum property purchase value for sole owners seeking a two-year real estate investor residency visa. For jointly o...
- Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
- View: RBI's proposal to allow business houses into banking is fraught with risk for systemThe proposal raises an important question: Why now? Have we learnt something that allows us to override all the prior cautions on allowing ...
- RBI constitutes working group to review private bank shareholding normsThe central bank noted that changing financial market landscape arose a need to relook at these regulations since the broad policy relating...
- RBI constitutes group to review rules on private sector banksThe committee shall submit its report by September 30.
- Kotak Mahindra Bank case to come up for hearing amid clamour for change in ownership rulesThe rules require a bank to cut the promoter stake to 40 per cent within 3 years, 20 per cent within 10 years and then to 15 per cent withi...
- RBI's ownership norms for private lenders impeding expansion of large financial institutions: CEPRThe report blamed the complex rules for the lack of interest among Indian institutions to set up new banks.
- Union Budget 2010: Tough competition seen in banking sectorThere will be more competition in banking, with the finance minister announcing that RBI is considering issue of fresh bank licences to pri...
- RBI breather likely for HDFC, ICICIThe Reserve Bank of India (RBI) has untangled a knot which could have jeopardised the ownership of the insurance business of home loan majo...
- ICICI fights to shed its 'foreign' tagICICI Bank has written to the Department of Industrial Policy and Promotion that it is not a foreign-owned bank and it will not be covered ...
- RBI yet to give FEMA nod to new FDI rulesHolding back clearance under the Foreign Exchange Management Act to the controversial FDI rules, the RBI has raised concerns over the new g...
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