SEBI Revises Bid Size by HNIs to 50% of IPO
Some of the recent IPOs had witnessed huge oversubscription by High Net worth Individuals (HNIs) in the segment reserved for them. The Initial Public Offering (IPO) of Apollo Micro Systems in January 2018 received 963 times subscription
Digital Public Credit Registry (PCR) in India – An overview
Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI
Initiative Q- Digital Banking Payment System in the Making
Initiative Q is a new payment system in the making. It has become a new buzzbord in financial sector. Initiative Q is in the early stages of establishment and the promoters expect to absorb and integrate the
Unified Payment Interface (UPI): A Digital Banking Catalyst
Unified Payment Interface (UPI) is an outstanding payment system that has evolved as the backbone of digital banking in India. UPI allows the user to transfer funds money from his account to that of the payee in
Foreign Contribution (Regulation) Act (FCRA) 2010
Foreign Contribution (Regulation) Act (FCRA) 2010 is an Act of the Indian Parliament that envisages twin objectives. FCRA Act 2010 is a consolidation of the laws regulating the acceptance and utilization of foreign contribution or foreign hospitality
Income Tax for Partnership, Society and Domestic Company – FY 2018-19 (AY 2019-20)
Rates of Income tax applicable for Partnership Firm (including LLP), co-operative society and domestic company applicable to the Financial Year 2018-19 (Assessment Year 2019-20) are furnished below. 1. Rates of Income Tax FY 2018-19 (AY 2019-20)– Partnership
Rates of Personal Income Tax – FY 2018-19 (AY 2019-20)
Rules of Income Tax Act are subjected to periodical revisions. Accordingly, the rates of income tax also undergo periodical changes. Different tax rates have been stipulated for various categories of taxpayers and for different sources of income.
HBA scheme for Government Employees in Kerala shifted to Banks
Kerala State Government employees will have to approach scheduled commercial banks/ NBFCs functioning in the state to avail of House Building Advance (HBA scheme) hereafter. So far, the loans under House Building Advance at concessional rate of
FMP: A Good Investment in the Present Interest Rate Scenario
Fixed Maturity Plan (FMP) is one of the most sought after debt mutual fund schemes. Debt mutual funds are ideal investment option for investors with low risk appetite. FMPs are similar to term deposits offered by banks.
Digital Banking: Opportunities and Challenges
Digital Banking, over a period has revolutionized banking and has moved beyond internet banking. Digital Banking today enables a bank to have a 360 degree interaction with the customer. Technology has played a pivotal role in this