deposit

Mumbai, The "unusual" condition that a sessions court imposed on an accused asking him to deposit his passport while granting him bail despite not having bail has left the Goa bench of the Bombay High Court baffled.A single bench of Justice Bharat Deshpande said on July 9 that when the accused...

Mumbai: The Bombay High Court has directed Patanjali Ayurved to deposit Rs 50 lakh for alleged violation of the High Court's interim order restraining it from selling its camphor products in connection with a trademark infringement case filed by another company.Following allegations of...

"Bidders, including moneychangers and private banks, should deposit the required funds in cash in the form of Afghanis at the central bank, the Bank of Afghanistan," the statement said, Xinhua news agency reported.According to the statement, the bank was requesting all eligible banks, foreign...

Mumbai, RBI has canceled the license of Shimsha Co-operative Bank Niamitha, Maddur (Karnataka) in view of its deteriorating financial condition.As a result, the bank ceases to transact banking business from the close of business on Friday (July 05, 2024), the Reserve Bank said in a statement...

The Reserve Bank said that the bank's license has been canceled because it does not have adequate capital and earning prospects.As a result, the Bank ceases to conduct banking business from the close of business on Thursday (July 4)."Consequent to the cancellation of license, Banaras...

Mumbai, RBI has canceled the license of Banaras Mercantile Co-operative Bank, Varanasi in view of its deteriorating financial condition."Consequently, the Bank ceases to conduct banking business with effect from the close of business on July 04, 2024," the Reserve Bank of India said while...

JAMMU: The Jammu and Kashmir Anti-Corruption Bureau (ACB) on Tuesday registered a case against officials of the motor vehicles department at the regional transport office (RTO) here for alleged embezzlement of passenger tax worth lakhs of rupees from 2018 to 2023.The ACB said in a statement...

"Bidders, including moneychangers and private banks, should deposit the required funds in cash in the form of Afghanis at the central bank, the Bank of Afghanistan," the central bank said in a statement posted on social media.According to the statement, the bank was requesting all eligible...

Mumbai: The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2,000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of withdrawn notes are still with the public.On May 19, 2023, RBI announced the withdrawal of Rs 2000 denomination...

New Delhi [India], The government has decided to keep interest rates unchanged for various small savings schemes for the second quarter of the financial year 2024-25, the Finance Ministry said on Friday.This decision applies to the period from July 1, 2024 to September 30, 2024. The rates will...

Dakshina Kannada (Karnataka) [India], To strengthen its financial position, Bharat Sanchar Nigam Limited (BSNL) has announced monetization of its land parcel in Mangalore.A two-acre land parcel in Store Yard, located off Park Road, Kadri Hills, adjacent to Kadri Park, is set for e-auction with...

New Delhi: State Bank of India Chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it will help banks mobilize savings which can be used to finance long-term infrastructure projects.Currently, banks are required to deduct tax when the interest income on deposits...

Mumbai: The Reserve Bank has canceled the license of Purvanchal Co-operative Bank based in Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects.The Cooperative Commissioner and Registrar of Cooperative Societies, Uttar Pradesh, have also been asked to issue an...

New Delhi: Given the current economic growth rate, SBI expects 14-15% loan growth during financial year 2024-25, the bank's Chairman Dinesh Kumar Khara said."Normally the way we look at it is that GDP growth rate plus inflation and 2-3 per cent on top of that. That gives us a number around 14...

“Indian banks have the strongest balance sheets in the last decade and profits have grown rapidly (quadrupling in 10 years),” the report said.The report shows that non-performing loans (Net NPLs), which were earlier the bane of the Indian banking sector, have now fallen to decade lows due to...

SMPLNew Delhi [India], June 13: The rise of globalization has enabled individuals to work and live abroad, creating the need for cross-border financial management. For example, non-resident Indians (NRIs) face a complex financial landscape that requires careful planning and adherence to rules...

Abu Dhabi [UAE], The Central Bank of the UAE (CBUAE) has decided to maintain the base rate applicable on Overnight Deposit Facility (ODF) at 5.40 per cent.The decision was taken after the US Federal Reserve today announced keeping the interest rate on reserve balances (IORB) unchanged.CBUAE...

New Delhi, State Bank of India (SBI) Chairman Dinesh Kumar Khara has said that deposit rates have peaked and will move south in the medium term.The country's largest lender also said that the RBI may start easing the interest rate cycle from the third quarter of the current financial year...

ATKNew Delhi [India], June 11: Ensuring your child's secure and bright future starts with good financial planning. The most reliable way to secure funds for your child's education in India is through fixed deposit (FD) investments. With guaranteed returns and minimal risk, fixed deposits are a...

Chennai, BJP leader Tamilisai Soundararajan on Saturday said that if the Congress party had contested the recently concluded Lok Sabha elections in Tamil Nadu on its own, it would not have been able to retain its deposit in any constituency.Speaking to reporters at the airport, Tamilisai...