STRUCTURED TRANSACTIONS
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
Sebi directs MIIs to implement uniform charge from October 1
Sebi directs MIIs to implement a new charge structure for fair market access, ensuring transparency and equal treatment for all participants.
HDFC Bank credit card charges, rules to change from August 1, 2024: Know about new late payment fee, bill payment rules
HDFC Bank announced major revisions to its credit cardholders about terms and charges. The following changes to your HDFC Bank credit card charges will come into effect on August 1, 2024.
Industry pitches for tax reduction, rationalisation of duty structure in Budget
During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five years. Reliance Industries sought a review of tariffs on Chinese imports, and Nasscom pushed for easing transfer pricing rules.
India’s new finance hub in Gujarat eyes real-time dollar settlement by 2025
Real-time dollar settlement in India’s newest financial hub in Gujarat, GIFT City, is set to begin later this year. The service aims to attract foreign investors by streamlining transactions and reducing delays.
Vipul Bansal's journey from humble beginnings to Wall Street success
Vipul Bansal, Director at Deutsche Bank, shares his inspiring journey to motivate aspiring finance professionals from a small city in India to global success.
- Go To Page 1
Ludhiana toll road lenders approve NARCL's Rs 270 cr offer to settle debt
The Ludhiana Toll Road project, initially planned to be completed by 2014, became a non-performing loan due to delays. PNB is the lead lender, with other creditors including Central Bank and Indian Overseas Bank.
RBI to boost rupee's internationalisation, liberalise norms for non-residents
The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.
Edelweiss Financial Services shares fall 17% post RBI action on 2 companies
Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day's low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.
RBI Dy Guv urges ARCs to adopt regulation plus approach
The Reserve Bank of India (RBI) has criticized asset reconstruction companies (ARCs) for their use of distressed assets and innovative structures to circumvent regulations. The DG, J Swaminathan, emphasized that ARCs' performance is less than optimal and that they are often used as conduits to evergreen distressed assets. The RBI is concerned about ARCs striking deals with defaulting promoters, giving them a back-door entry.
UPI transactions update: HDFC Bank customers will not get SMS alerts for UPI transactions below this amount
HDFC Bank has informed its customers via an email and SMS that it has set a limit on SMS alerts on UPI debit and credit transactions. The new update will be effective from June 25, 2024.
ET Mutual Funds explains: 5 key differences between index funds and index ETFs in India
Index funds and Index ETFs vary in investment requirements and cost structures, with ETFs requiring a demat account and having lower expense ratios compared to index funds.
Besides election results, a bigger worry has emerged for investors
In early May, Sensex plummeted 1,100 points amid rumors of post-election tax changes. An alleged plan to overhaul tax laws and asset class treatments worried investors. Minister Nirmala Sitharaman dismissed the claims, but speculations persist. Jefferies’ Christopher Wood warned of a potential market correction due to capital gains tax adjustments post-elections. The complex capital gains tax system in India continues to fuel speculation and calls for simplification, impacting equity investors and market growth.
Swiggy HDFC Bank Credit Card revised cashback structure effective from June 21, 2024
Swiggy HDFC Bank Credit Card: According to news reports, HDFC Bank has updated the cashback system of one of its most popular credit cards, the Swiggy HDFC Bank Credit Card. The new cashback structure is effective June 21, 2024.
Another Zimbabwe in the making? Argentina to print 10,000 peso notes amid soaring inflation
The biggest banknote in current circulation in Argentina is being increased to 10,000 pesos, worth around $10, so that people don't need to carry too much cash around with them, according to recent reports.
India's transaction trends: ePayment riches leave circulation of currency poorer
India's transition to digital payments is effectively curbing the traditional outflow of currency from its banking system, as evidenced by the sharpest decline in the growth of currency in circulation (CIC) since demonetisation in FY24. The Reserve Bank of India's (RBI) decision to phase out Rs 2,000 banknotes from circulation last year further contributed to this trend.
Paytm market cap nears $2.5 billion as shares continue to tumble
When it was listed on the public bourses in 2021, Paytm was valued at nearly $20 billion.
Our overall AUM contributing to huge top and bottom line growth: Sanjay Shah, Prudent Corporate Advisory
So, I think we are very confident that SIP is an evolving story for the retail people and there is a strong TINA factor because there is no alternative for people to invest a small-small amount other than the SIP from a very longer-term perspective.
Beneficiary of structural changes: 7 mid and smallcap private sector banks with upside potential of up to 46%
Post 2015 and then again in 2018, RBI did a strong rejig in various banking policies, right from capital adequacy to the operational matrix, to loan disbursement mechanism. In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. It is not possible for any entity to escape the regulatory regime. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. So, While ICICI and SBI have been in the limelight for a long time, mid and small-sized banks, who took time to clean up their act are likely to get the attention. They have very different hybrid kinds of ownership, a sort of quasi private sector banks. These are private sector banks of mid-sized banks which operate in particular regions.
Axis Bank revises savings, salary account tariff structure with effect from April 1, 2024
Axis Bank has revised savings account tariff structure for savings, salary accounts average balance minimum criteria, and cash transaction limitations. The new tariff will be effective from April 1, 2024, as per the Axis Bank website.
Air India launches revamped customer reward programme with added features
Air India's Flying Returns loyalty programme is revamped with a spend-based model, no expiry for active members, and benefits across Star Alliance airlines, offering an improved customer experience.
Banks, LIC, private insurers, tax department open today: Transactions you can do
Working weekend: Bank, insurers and even the tax department are all working this weekend. Here is a look at the various transactions you can conduct today.
These banks will be open on Sunday, March 31, 2024: Transactions you can do, full list of RBI’s agency banks
March 2024 bank holidays: The Government of India has requested that all bank branches handling government receipts and payments remain open for business on March 31, 2024 (Sunday). Here is a look at banks that will be open on March 31.
Real market picture will emerge from April 1 onwards: Sudip Bandyopadhyay
Sudip Bandyopadhyay advises caution post corrections, recommends cherry picking for long-term growth. Highlights L&T as a strong investment option for India and Saudi growth stories, especially in the hydrocarbon sector. Bandopadhyay says: "We were pretty confident that we are in a structural bull phase and we will keep inching upwards. Medium and long-term trajectory has not changed at all."
Income Tax dept is calculating your advance tax liability by tracking these financial transactions: Here's how to check on compliance portal
The Income Tax Department said, "The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. This information is reflected in the Annual Information Statement (AIS) module and is available to the persons/entities for viewing. The value of ‘Significant Transactions’ in the AIS has been used for carrying out this analysis." Read here to know what are these 'specified financial transactions'.
AI increases cybersecurity challenges manifold for financial institutions: RBI Guv Das
Governor Shaktikanta Das addressed the Annual Conference of RBI Ombudsman, emphasizing the importance of data analysis, cybersecurity, fraud prevention, and efficient grievance redressal mechanisms for financial institutions to protect customer information and enhance customer service.
70% users say will stop using UPI if fees levied
According to a survey by Local Circles, 7 out of 10 UPI users would stop using the app if transaction fees were imposed. Fintech companies have urged finance minister Nirmala Sitharaman to address the issue of implementing a merchant discount rate (MDR) in UPI transactions.
Majority of users to stop using UPI if it attracts transaction fee: Survey
According to a survey by LocalCircles, a majority of people will stop using UPI if a transaction fee is imposed. The survey also found that 1 in 2 UPI users conduct over 10 transactions every month. In August 2022, the Reserve Bank of India (RBI) published a discussion paper suggesting a tiered fee structure for UPI payments, varying according to different transaction amounts. Subsequent to the release of the RBI discussion paper, the finance ministry clarified that there were no plans to impose fees on UPI transactions.
P2P companies go easy on partnership business as RBI sounds alert
According to the founders of several of these lending platforms, given that the Reserve Bank of India is scrutinising the sector, they are adopting a “wait-and-watch” policy before stitching these deep integrations. P2P platforms LenDenClub and Liquiloans led the partnership game by working closely with fintechs like Cred and BharatPe to source borrowers and lenders.
Load More
