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Ashok Leyland starts VRS scheme second time in two years amid COVID-19 pandemic

New Delhi, Nov. 21 -- Ashok Leyland, a Hinduja Group flagship, said on Saturday that it has started a Voluntary Retirement Scheme (VRS) for its employees. Its board of directors, at a meeting held on ... Read More


RBI committee suggests allowing corporate, industrial houses to take significant bank stakes

New Delhi, Nov. 20 -- An internal committee of Reserve Bank of India suggested giving banking licences to large corporate or industrial houses after necessary amendments to the Banking Regulation Act,... Read More


RBI working group suggests permitting large NBFCs to convert into bank

New Delhi, Nov. 20 -- The internal working group of Reserve Bank of India (RBI) suggested that large Non-Banking Financial Company (NBFCs) can convert into banks if they fulfill certain criteria. "Wel... Read More


Lakshmi Vilas Bank moratorium: Know when customer can withdraw over Rs.25,000

New Delhi, Nov. 17 -- The central government on Tuesday imposed a one-month moratorium on Lakshmi Vilas Bank till 16 December. The Reserve Bank of India bank capped the cash withdrawal limit at Rs.25,... Read More


Lakshmi Vilas Bank under moratorium: 'Don't panic', RBI tells depositors

New Delhi, Nov. 17 -- Reserve Bank of India on Tuesday placed the cash strapped Lakshmi Vilas Bank under moratorium till 16 December, 2020. The central bank also restricted the withdrawals of more tha... Read More


RBI proposes to merge Lakshmi Vilas Bank with DBS, announces draft scheme

New Delhi, Nov. 17 -- The Reserve Bank of India (RBI) on Tuesday unveiled a scheme to merge Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd. (DBIL). The decision came soon after it had imposed a one-... Read More


Buying digital gold in Diwali? Charges to disadvantages - key things to know before investing

New Delhi, Nov. 13 -- Buying gold during Diwali has been a tradition in India. In the wake of COVID-19 outbreak, when going to a jewellery shop is still considered as risk, more and more people are op... Read More


Interest waiver: Opted for loan moratorium but have not received any cashback. Here's why

New Delhi, Nov. 13 -- The banks rolled out the 'interest on interest' charged from the customers on loans and credit cards during the moratorium period, to the borrowers in the first week of this mont... Read More


Stimulus package: Mega push to 'Housing for all' - Rs 18,000 crore allocated. What it means

New Delhi, Nov. 12 -- In a mega push to government's 'housing for all' mission, the finance minister Nirmala Sitharaman on Thursday unveiled a Rs.18,000-crore additional outlay for the urban housing s... Read More


Stimulus package 3.0: Tax sops to cheer real estate builders amid pandemic

New Delhi, Nov. 12 -- Finance Minister Niramla Sitharaman on Thursday announced several measures to boost demand in the real estate sector. The differential of circle rate and actual price has increas... Read More