Bank

Union Budget 21-22

UNION BUDGET 2021-22 – Driving growth

The Union Budget 2021-22 was presented on 1st February 2021 amid a challenging macro environment. With the first decline in nominal/real GDP in four decades, the Government had to walk the tightrope, which they seem to have done. Though there is no large fiscal stimulus, the absence of any tax hikes and better fiscal math …

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Budget expectations 2021

Budget Expectations – ‘unlike anything seen in the last 100 years’

This year’s Union Budget 2021, slated to be presented on 1st February 2021, is going to be completely paperless in the wake of the corona pandemic, as the Budget papers will not be printed and only the digital copies will be circulated. India’s Finance Minister Nirmala Sitharaman has described her upcoming budget as unlike anything …

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Additional Tier 1 Capital

Additional Tier 1 Capital in Indian Banks

As part of the restructuring plan for Yes Bank, the RBI announced that the instruments qualifying as additional tier-1 capital (AT1), issued by Yes Bank under Basel-III framework, shall stand written down permanently, in full, with effect from the appointed date. This is for the first time in the history of the Indian banking sector …

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budget 2020-21

Union Budget 2020-21- High expectations

The Union Budget 2020-21 was presented on 1st February 2020 amidst a very challenging economic environment. Although it was not acknowledged explicitly, the budget appears to have realized the fiscal limits. Not surprisingly then, it did not excite the market, where expectations were running very high. There were evidently a lot of expectations from the …

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Financial steps 2020

Financial steps to take in 2020

The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …

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income-tax-refund

Didn’t get your income tax refund? Don’t worry

Taxpayers are entitled to claim a tax refund if, during the year, excess tax has been deducted from your income. This may happen if there are multiple incomes. But, you have to apply for a refund while filing your ITR for a particular financial year. Have you filed your income tax return (ITR) for the …

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bank mergers

What customers have to do with bank mergers?

Last month, the Finance Minister announced a spate of bank mergers. This consolidation will bring down the total number of public sector banks (PSBs) in the country to 12 from 27 in 2017. The question on everyone’s mind is how this will affect customers & what action customers need to take for a smooth transition. …

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Liquid Fund vs Savings & Current Account

For most investors & corporates, saving & current bank account becomes the preferred destination to park their short term surplus funds. Further, even when they need to build a contingency fund, they cannot think of better havens. The reason for such a decision might be lack of awareness or a time crunch. However, leaving your …

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de-link Aadhaar

How to de-link Aadhaar when already linked

The Supreme Court on 26th September 2018 ruled that Aadhaar/UIN is not required for mobile connections or opening a bank account. Many of us would have already linked our biometric details to banks, telecom service providers & digital wallets through e-KYC or c-KYC process. So now that the Supreme Court has said that it is not …

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Lehman Crisis

Is India heading towards its own Lehman Crisis?

The burning topic today in India is about bank NPAs, NPA recovery especially from businessmen who have defrauded the banking system of crores of rupees & fled the country. As we complete 10 years of the Lehman Crisis, it seems we have not learnt any lessons from it though we must ensure that such a …

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