Bank Deposits

Small finance banks need to widen deposit base by Rs 60,000-cr over next two years to maintain borrowings: Report

Small Finance Banks might face challenges in tapping the capital markets, the report said.

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices

It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back.

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’; cites increased risks to economic growth recovery

If nominal GDP growth does not return to high rates, Moody's expects that government will face very significant constraints in narrowing general budget deficit and preventing a rise in debt burden

PMC Bank crisis impact: Odisha govt cautions departments against depositing money in banks

The Odisha Finance Secretary has written the letter to departments asking them to keep in mind the norm that in the eventuality of closure of any bank the deposits are insured only up to Rs 1 lakh and not beyond that, said reports.

RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process

After over a dozen public sector banks, including State Bank, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank governor Shaktikanta Das Monday stressed on the need for the entire system switching to this model, saying such a moved can speed up the monetary transmission process

If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s why

The banks have room for further reduction of at least 80 bps in their lending rates if these entities choose to pass on the full benefit of the RBI rate cuts to the end-borrower.

Stock markets have rallied since 2016; do not shy away from equity, but tread cautiously in 2019

Alpha (capital appreciation) will surely occur, there is no need to shy away from equity,\

Benami hunt: Why Narendra Modi govt's latest move could spring a surprise on detractors of demonetisation

Action under the benami law for deposit of demonetised notes disabuses the naïve notion that all bank deposits automatically become sanitised and legit

Supreme Court verdict on Aadhaar: Why linking bank accounts is critical for battle against black money

Demonetisation: Nullifying non-deposited currency was not the only aim, says finance minister Arun Jaitley

Arun Jaitley said the larger purpose of the demonetisation was to remove the anonymity of the owner of cash and to move India from a tax non-compliant society to a compliant society.