Oh taxes, why do you keep getting higher? This could well be a song that most of us are singing in the shower albeit a little regretfully as another year goes by and we realize that we’ve failed to take advantage of investments and other strategies en route towards ensuring a lower taxable income. Forget […]
Financial Planning & Advisory
Government may boost banking sector with capital infusion of Rs. 30,000 crore for PSBs
Public sector banks or PSBs have been facing somewhat choppy waters in recent years due to a mix of several reasons right from long-standing NPAs and over-exposure to stressed assets to non-performance. The Indian Government has been attempting to salvage the situation in collaboration with the Reserve Bank of India (RBI) which is the apex […]
What NRIs should keep in mind while applying for a home loan in India?
Are you an NRI (Non-Resident Indian) looking to invest in property back home? If the answer is yes or you know an NRI who wants to buy real estate in India, there are quite a few things to be aware of. NRIs can easily invest in real estate in their home country and can also […]
Corporation Bank and Indian Bank may be merged into Oriental Bank of Commerce
The Indian banking sector has been on a major wave of consolidation over the last 2-3 years. The Central Government has been pushing through several Government reforms in collaboration with the country’s apex bank, the RBI (Reserve Bank of India). The merger of India’s largest bank, State Bank of India (SBI) with the Bharatiya Mahila […]
Is the transmission of lower rates to customers finally taking place?
Home loan interest rates have always been a bone of contention for several applicants and home loan borrowers over the last few years. The MCLR system was implemented sometime earlier although it did not quite lead to the transmission of lower rates of interest to customers whenever the RBI (Reserve Bank of India) cut repo […]
