Category: Banking & Finance

In 2025, the Reserve Bank of India (RBI) implemented a series of robust guidelines to enhance the transparency and efficiency of CIBIL score management. These reforms aim to empower individuals by ensuring quicker updates, prompt notifications and improved accessibility to their credit history. By understanding these changes, borrowers can make well-informed financial choices and exercise […]

Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakhs to ₹10 lakhs. Finance Minister, Nirmala Sitharaman announced key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) framework in the Budget 2025. The Government aims to simplify tax deduction and collection […]

Export finance is important for businesses that sell products and services to other countries. It helps them manage money and grow worldwide. However, dealing with export finance can be tricky, with many challenges that can make things difficult. Problems like changing currency values and complicated rules need careful planning and smart solutions. In this blog, […]

Net profit of ICICI Lombard General Insurance Company rose 67.89% to Rs 724.38 crores in the quarter ended December 2024 as against Rs 431.46 crores during the previous quarter ended December 2023. Sales rose 17.20% to Rs 5045.17 crores in the quarter ended December 2024 as against Rs 4304.81 crores during the previous quarter ended […]

The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance. The rise in stress in the microfinance sector is cyclical and for State Bank of India, the bad loans have grown from Rs 100 crores to Rs 700 crores for Rs 10,000 crores portfolio of such loans […]

Larsen & Toubro Chairman, Mr. S N Subrahmanyan took home a total salary of ₹51 crores in 2023-24, which is 534.57 times the median salary of the employees of L&T. His remuneration for 2023-24 included a base salary of ₹3.6 crores, ₹1.67 crores as prerequisites and ₹35.28 crores as commission. He also received retirement benefits of ₹10.5 crores, bringing […]

As we welcome the New Year, significant changes are on the horizon, including the RBI’s revised regulations for fixed deposits and modifications to the credit card offerings from certain issuers. Furthermore, this period typically prompts many employers to ask their employees for proof of tax-saving investments made during the financial year.  Starting January 1, 2025, […]

Credit scores play a crucial role in our financial lives, impacting loan approvals, interest rates, and even credit card limits. However, concerns are growing about the transparency of these scores and the methodologies used to calculate them. Recent cases highlight instances where individuals with clean repayment histories faced unexpected credit score drops or were denied […]

The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]

RBI Updates Rules for Personal Loans In today’s inflation-driven economy, personal loans have become a common way to meet financial needs. While they are easily accessible, even a single missed or delayed installment can lead to serious consequences. Impact on Credit Score Personal loans are approved based on credit scores. Missing an installment can harm […]