Payment banks unlikely to eat into large lenders' biz: Crisil

Last Updated: Friday, August 21, 2015, 21:29

Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.

NSE, NSI join hands to train primary distributors of NSS

Last Updated: Friday, August 7, 2015, 12:51

India’s leading stock exchange, National Stock Exchange of India Limited (NSE) is partnering with National Savings Institute (NSI), Department of Economic Affairs, Ministry of Finance, Government of India for conducting Awareness Programs for the Agents affiliated to NSI.

Tata Mutual Fund renames, restructures existing scheme

Last Updated: Thursday, July 30, 2015, 21:00

Tata Mutual Fund has restructured its already existing monthly income fund with added features and renamed it as Regular Savings Equity Fund.

Cabinet to take up Gold Monetisation Scheme in few weeks

Last Updated: Wednesday, July 22, 2015, 15:22

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

Lakshmi Vilas Bank raises deposit rates by 1%

Last Updated: Tuesday, June 16, 2015, 18:54

The bank, which had a low share of the cheaper current and savings account deposits at 16.7 percent as of March, will offer 5 percent interest on saving bank deposits of up to Rs 5 lakh, it said in a statement.

IBA wants govt to lower rates on small savings scheme

Last Updated: Monday, May 25, 2015, 22:00

The Indian Banks Association (IBA) Monday said it has urged the Finance Ministry to bring down interest rates on small savings schemes such as the Sukanya Samridhi and National Savings Scheme.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

85% small biz owners start with personal savings: Survey

Last Updated: Wednesday, May 20, 2015, 14:07

Some 85 percent small business owners start off by utilising only personal savings, affecting the way decisions are made as well as how entities are run, says a latest survey.

Sukanya Samriddhi to earn at 9.2% interest, PPF 8.7% for FY'16

Last Updated: Tuesday, March 31, 2015, 21:06

Investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will earn higher interest rate of 9.2 percent, while the rate on popular tax saving Public Provident Fund has been retained at 8.7 percent for 2015-16.

Kotak Mahindra launches social savings bank account

Last Updated: Tuesday, January 20, 2015, 21:07

Kotak Mahindra Bank Tuesday launched Jifi Saver, a social savings bank account which can be seamlessly managed via Twitter and Facebook,in this region.

'Govt needs to begin building pension net for private sector'

Last Updated: Tuesday, January 6, 2015, 20:46

Government needs to soon begin building a pension net for employees working in the private sector to avoid bearing the heavy fiscal burden of providing minimum sustenance to those who end up having no pension at all, Crisil Research said on Tuesday.