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Rs 1.09 crore remittance sent home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT AhmedabadIndian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no...- From 52% to 42%: Is HDFC Bank’s 10 percentage point drop in FII shareholding a worrying sign?HDFC Bank has seen a sharp decline in foreign investor ownership since its merger with HDFC, reflecting concerns over slower growth, fundin...
- FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev MehtaForeign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportu...
- GFF 2026: SBI sees FCNR liquidity deployment taking 3-4 months, eyes agentic AI for bankingState Bank of India anticipates deploying foreign currency deposits over three months. The bank is enhancing artificial intelligence adopti...
- Soak paper towels in white vinegar and wrap them around crusty faucets; cleaning experts say hard lime deposits soften enough to wipe off in about 1 hourFor tackling stubborn mineral buildup on faucets, white vinegar serves as a convenient remedy. This gentle acid breaks down hard water depo...
- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...
- FCNR boost for bank credit growth may be temporary, says Axis CEO Amitabh ChaudhryRecent foreign currency deposits could provide a short-term uplift to the growth patterns in bank lending. With the narrowing of differenti...
- RBL Bank raises $350 million in debut international bond saleRBL Bank has raised $350 million through its first international bond sale, pricing bonds tighter than initial guidance. Strong investor de...
- GFF 2026: Axis Bank CEO Amitabh Chaudhry sees credit growth slowing to 15-16%, flags rate hike riskAxis Bank CEO Amitabh Chaudhry expects India’s bank credit growth to moderate to 15-16% this year from the current 18-19%, partly due to th...
- IDFC FIRST Bank earns international credit rating, marking a step towards global financial marketsIDFC FIRST Bank has been awarded a BBB- Long-Term and A-3 Short-Term credit rating, underscoring its strong capital position and operationa...
- Reliance Industries to tap local bond market after 3 years, lines up Rs 12,500 crore issueReliance Industries takes the forefront as Indian companies turn to domestic bonds for fund-raising. Banks, with their significant surplus ...
- Nifty’s next rally needs two battered warhorses to wake up. Which one will revive first?For a continued uptrend, India's Nifty index relies heavily on the resurgence of the banking and IT sectors. Banks are poised for a quicker...
- Landlord deposited Rs 14.96 lakh cash during demonetisation, got tax notice: ITAT Bangalore grants reliefLandlord took rent in cash, deposited Rs 14.96 lakh cash during demonitisation period; got Income tax notice, he wins case in ITAT Bangalor...
- FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investorsFCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challen...
- China starts charging fees on chipmaking chemical from JapanChina began collecting "deposits" on imports of a key chipmaking chemical from Japan on Tuesday after it said a probe found evidence of dum...
- Forex reserves hit record $740.8 billion, lift rupeeBy the end of August, India recorded an unprecedented $740.8 billion in foreign-exchange reserves, which has significantly fortified the va...
- Bumper FCNR(B) inflows may dilute banks' margins but boost earnings by up to Rs 11,000 crore: JefferiesThe FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-t...
- 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...
- FCNRB deposits: Why bank investors should watch RoE, not just NIMFCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions fr...
- 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...
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