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MONEY & BANKING
FIXED DEPOSITS:
Banks seek tax sops for long-term FDs
Mumbai, June 6 With depositors showing a distinct proclivity to park their funds in short-term fixed deposits, banks have moved the Finance Minister to consider suitable amendments to Section 80C of the Income Tax Act, 1961, so that long-term ...
FINANCIAL INSTITUTIONS:
RCom to raise funds through QIP route
Mumbai, June 6 Anil Ambani-controlled Reliance Communications intends to raise funds from qualified institutional investors either through a share sale or an issue of ...
PUBLIC SECTOR BANKS:
SBT unveils online trading facility
State Bank of Travancore (SBT) has launched ‘eZ Trade’ (easy trade) to facilitate online trading in shares and securities for personal segment customers. The product, designed in association with SBI and SBICAP, features a highly ...
RBI & OTHER CENTRAL BANKS:
K.C. Chakrabarty appointed RBI Deputy Governor
New Delhi, June 6 The Finance Ministry has appointed Dr Kamalesh Chandra Chakrabarty, Chairman and Managing Director of Punjab National Bank (PNB), as a Deputy Governor of the Reserve Bank of ...
PUBLIC SECTOR BANKS:
Union Bank restructures loan accounts of small firms
Union Bank of India has restructured 113,000 loan accounts of micro, small and medium enterprises worth Rs 2,950 crore in the ...
FIXED DEPOSITS:
M&M Financial Services’ Fixed Deposit — ‘Interest’ing offer
Investors with some risk appetite can consider investing in Mahindra and Mahindra Financial Services’ (MMFSL) three-year, 10 per cent cumulative fixed deposit scheme. A reasonably good credit rating, comfortable capital ...
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