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CASH DEPOSITS
Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...- FCNR flows to complicate liquidity management, lead RBI to deploy more tools: EconomistsHigher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a f...
- Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources sayIndian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...
- Puri Jagannath Temple has nearly Rs 2,000 crore bank deposits, owns nearly 61,000 acres of land across 24 districts in Odisha and 6 other statesPuri Jagannath Temple has bank deposits of around Rs 1,911.80 crore and owns 60,821 acres of land across India, according to the Shree Jaga...
- How RBI could tackle a liquidity deluge triggered by dollar depositsThe RBI’s special dollar deposit scheme attracted a massive $127.23 billion, pushing India’s banking system liquidity surplus to a record ₹...
- India's bank liquidity surplus hits all-time high riding flood of dollar depositsIndia’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in Septe...
- SBI ATM rules set to change from October 1, 2026: Free ATM transaction limit for these account holders cut from 10 to 5Beginning October 1, 2026, State Bank of India will implement a change in its policy regarding free ATM transactions for salary account hol...
- Explained: What $127 billion FCNR(B) inflows mean for ICICI Bank, HDFC Bank, other bank stocksClosing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Ind...
- Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
- ED raids 12 places across four states in Cyprus-based betting platform Parimatch probeThe search operation is continued by the ED's Mumbai zonal office under section 17 of PMLA, 2002, which grants authorised officers the powe...
- Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this groundWaseem Ahmed, accountant member and Keshav Dubey, judicial member of ITAT Bangalore, in a recent judgement refused to condone a delay of ab...
- Canara Bank ATM charges revised from September 1, 2026: Key changes about free transactions limit, insufficient balance fee and moreCanara Bank has revised certain automated teller machine (ATM) transaction charges with effect from September 1, 2026.Check latest ree ATM ...
- Banks seek CRR cut on green deposits to boost green lending in IndiaIn a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimate...
- Soitec locks customers into multi-year deals as AI wafer demand surgesSoitec told investors last month that photonics-SOI revenue would more than double this financial year from slightly above $100 million, ...
- Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT MumbaiDuring an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and cal...
- Supreme Court asks West Bengal govt to provide details of quizzing of Abhishek Banerjee's PA in land grabbing probeThe Supreme Court requested West Bengal government records for Sumit Roy's interrogation. Roy alleged investigators focused on his family a...
- French chip materials maker Soitec locks customers into multi-year deals as AI wafer demand surgesDemand for silicon photonics has surged as hyperscalers increasingly use optical connections to move data inside AI infrastructure, where c...
- SC to hear Monday plea concerning cash donations received by political partiesThe Supreme Court will hear a plea challenging anonymous cash donations below Rs 2,000. This provision of the Income Tax Act is questioned ...
- Uber, Eternal, Porter quit Karnataka gig and platform workers welfare boardThe state government has approached other platforms to fill the vacancies. Delhivery, Namma Yatri and Yulu have responded positively and ag...
- Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...
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