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 ...
Banks are making a strong pitch to the government for permission to issue tax-free bonds to fund infrastructure projects. Bankers, who are expected to again take up the issue with the finance ministry next week, are arguing that the bonds will help them raise long-term resources and reduce dependence on retail fixed deposits, whose maturity is getting shorter. In recent months, banks have been saddled with deposits in the one-year maturity bucket, while infrastructure loans have a tenure of 15-20 years.
Ministry of Human Resource Development has proposed to introduce a scheme for full interest subsidy during the period of moratorium on loans taken by students belonging to economically weaker sections from the banks under the Education Loan Scheme of the Indian Banks’ Association (IBA) for pursuing any of the approved courses of studies in technical and professional streams from recognised institutions in India.
Banks’ association says the process needs a huge effort. Banks may seek time beyond the March 2011 deadline to shift to International Financial Reporting Standards (IFRS) in view of the mammoth effort required for the switover, according to industry sources.The Indian Banks’ Association (IBA) today said its management committee last week discussed the implications of the convergence.
From October 15, a customer can take out a maximum of Rs 10,000 per withdrawal from ATMs not owned by the bank in which he has an account, and the number of such transactions would be limited to five a month.
Get ready for changes in ATM usage. Starting in October, using another bank’s ATM more than 5 times a month will cost you.
A battle of sorts is brewing between the Institute of Chartered Accountants in India, or Icai, and the banking industry. Icai, the apex accounting body, has told auditors to demand detailed disclosures from banks about loans restructured by them. In the absence of such disclosures, auditors have been asked to pass banks’ balance sheets with […]
In a bid to overcome the menace of home loan frauds, the Indian Banks’ Association (IBA) proposes to set up a committee to work out the modalities for establishing a central electronic registry that will list all mortgages created by deposit of title/sale deeds with banks.
