Money & Banking

The Delhi High Court (HC) on Friday granted interim protection to DBS Bank Ltd from adjudication of a show cause notice (SCN) proposing to levy service tax on obligation of maintaining minimum average balance (MAB) by its customers, along with interest and penalty, reports...
  • Credit conditions have improved for Asia-Pacific banks over the past quarter. Economies are recovering smartly, countries are rolling out vaccinations, and regional financing circumstances remain supportive. And, yet, the pandemic has  seriously set back the finances of households and...
  • Born at Nellore on 3 June 1927 Maidavolu Narasimham, father of financial and banking reforms, breathed last on 20 April 2021. This 94-year-old legend in banking was the only person joining the Reserve Bank of India (RBI) as a research officer in the department of research and statistics, to...
  • More and more painful cases are pouring in about the harassment faced in the wake of indiscriminate freezing of bank accounts. Several members of Moneylife Foundation have been writing in to recount their desperate plight. Many were caught completely unawares when their bank accounts were...
  • The fourth quarter (Q4) of fiscal 2021 (Q4FY20-21) witnessed securitisation transactions amounting to about Rs40,000 crore to become the highest grossing quarter for the fiscal. Despite this last-quarter surge, securitisation volumes closed below the psychological Rs1 lakh crore mark last...
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