Income Tax : U/s 2(19) of the Income Tax Act 1961, ‘cooperative society’ means a cooperative society registered under the Cooperative Socie...
Finance : As we all know a bank is a financial institution licensed to receive deposits and make loans. Banks many also provide financial se...
CA, CS, CMA : It was emphasized that the business in cooperative Banks i.e. State cooperative banks and district cooperative banks needs to be c...
Finance : Explore the rich history and architectural excellence of Thanjavur. Discover the Great Living Chola Temples, World Heritage Sites ...
Fema / RBI : The draft guidelines on how foreign banks can convert themselves into wholly owned subsidiaries of their parents, have been delaye...
Fema / RBI : Indian Banks Association clarified that some segment of social media based on misinformed communication and spreading false inform...
Fema / RBI : HDFC BANK IMPORTANT NOTICE REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effectiv...
Corporate Law : Male employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement...
Fema / RBI : Discussions were held between the Indian Banks’ Association representing Managements of Banks and the authorized represent...
Finance : IDBI Bank Ltd has entered into a Memorandum of Understanding with the Government of Karnataka (GoK) at the Global Investors Meet ...
U/s 2(19) of the Income Tax Act 1961, ‘cooperative society’ means a cooperative society registered under the Cooperative Societies Act, 1912 (2 of 1912), or under any other law for the time being in force in any State for the registration of the cooperative societies.
Indian Banks Association clarified that some segment of social media based on misinformed communication and spreading false information that all free services of public sector banks will be ceased by January 20, 2018. In addition, there is neither a move by banks for such blanket removal of free services nor such thing is being contemplated. […]
As we all know a bank is a financial institution licensed to receive deposits and make loans. Banks many also provide financial services, such as wealth management, currency exchange and safe deposit boxes. There are two types of banks: Commercial/ retail banks and investment banks.
HDFC BANK IMPORTANT NOTICE REVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS (EFFECTIVE 01st March 2017) Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are being revised as follows: Sr. No Charge Type Revised charges 1 Number of Cash transactions(Cumulative of Deposit and Withdrawal) 4 free cash transactions per […]
Male employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement and may be availed upto 15 days before or upto 6 months from the date of delivery of the child.
It was emphasized that the business in cooperative Banks i.e. State cooperative banks and district cooperative banks needs to be conducted in a manner not detrimental to the intents of the depositors and as these entities being Banks are subject to the regulatory provisions of the banking Regulation Act, 1949 (AACS), it is essential that the Statutory Audit in State Cooperative banks and district cooperative banks need to be conducted by Chartered accountants.
Explore the rich history and architectural excellence of Thanjavur. Discover the Great Living Chola Temples, World Heritage Sites known for their intricate stone sculpture.
Discussions were held between the Indian Banks’ Association representing Managements of Banks and the authorized representatives of Workmen Unions and Officers’ Association, on wage revision for officers in banks on 23.02.2015 at Mumbai. After holding several rounds of discussions. the parties have mutually agreed as under: 1. The wage revision will be effective from 1.11.2012 […]
IDBI Bank Ltd has entered into a Memorandum of Understanding with the Government of Karnataka (GoK) at the Global Investors Meet (GIM) held at Bangalore. The meet was organized by Government of Karnataka and Karnataka Udyog Mitra. Shri Manogaran Varadaraj Masilamani, General Manager, IDBI Bank and Shri B.S. Sirsikar, Joint Director (Planning), Directorate of Industries and Commerce, GoK, signed the MoU. The MoU provides assurance to GoK and investors that IDBI Bank would support the bankable proposal from various Industries in the state.
In its pursuit to unearth black money, the Income Tax Department will probe certain banks and their officials suspected to be helping customers hide illicit funds through multiple accounts. We have found instances where banks are running multiple accounts of certain customers for the purpose of hiding black money, a senior official of Central Board of Direct Taxes (CBDT) said, although refusing to name the banks.
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