In a major relief to borrowers amid a global pandemic, the Finance Ministry has issued the guidelines for implementing a waiver of 'interest on interest' for six months. The payments will be made to
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Business
SBI issues Basel-III compliant non-convertible, taxable debt instruments; Rs 5,000 cr raised
The State Bank of India (SBI) said it has raised Rs 5,000 crore by issuing Basel-III compliant bonds. The committee of directors of capital raising met on Monday and accorded its approval to allot 50
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Business
EMI Moratorium: Lenders to credit interest on interest to loan borrowers by Nov 5, Centre tells SC
The Centre has informed the Supreme Court that lenders have been directed to credit in the accounts of eligible borrowers by November 5 the difference between compound interest and simple interest col
Read MoreEquity benchmark Sensex rallied 377 points on Tuesday, tracking massive buying in Kotak Mahindra Bank after the lender posted strong quarterly earnings.The 30-share BSE index ended 376.60 points or 0.
Read MoreIn a business-friendly move, the Reserve Bank of India on Friday said that Real Time Gross Settlement System (RTGS), used for large value transactions, will be made available round-the-clock from Dece
Read MoreThe Income Tax Department extended the deadline for individual assessees to file their returns for financial year 2019-20 (assessment year 2020-21) by a month, in a relief to taxpayers on account of
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