Child Tax Credit Payments Have Begun. Should You Opt Out?
By BY TARA SIEGEL BERNARD from NYT Your Money https://ift.tt/2TEvWA0 via IFTTT
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A Painting or an NFT of It: Which Will Be More Valuable?
By BY PAUL SULLIVAN from NYT Your Money https://ift.tt/36VtWGp via IFTTT
Indian Bank declares Lanco Infra, Basundhara Green Power as fraud a/cs with Rs 589 crore exposure
"We have to inform you that fully provided non-performing accounts have been declared as fraud and reported to RBI as per regulatory requirements," it said in an exchange filing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3y1yhUw via IFTTT
India Post Payments Bank doubles transactions, plans digital inroads with India Post
Digital life certificate, which enables senior citizens to upload their proof of life for any pension scheme, instead of appearing in person before the authorities, is among several citizen services the payment bank introduced a few months ago. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3BxeSgm via IFTTT
RBI allows loans up to Rs 5 crore to other banks' directors without board approval
Considering the sensitivity of the issue and to ensure that the directors continue to carry out their functions without being influenced, the increased threshold will only to applicable to personal loans for directors of other banks while the limit of Rs 25 lakh will continue to apply for business loans, the regulator noted. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3xZVZQR via IFTTT
5 years of IBC: Insolvency law has helped improve recoveries, but delays disappoint
Though the number of cases have been increasing, last fiscal was the first time the cases admitted slowed down year on year to 499 cases compared with 1,978 cases admitted in fiscal ended March 2020, mainly as the government suspended filing of new cases as a relief measure due to the Covid-19 pandemic. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3kK0L15 via IFTTT
Citi rainmaker Rahul Saraf becomes its new I-Banking head
Saraf will support the growth of the franchise’s renewed focus on the institutional business, leveraging his deep relationships with large Indian conglomerates like Reliance Industries, Tata Group. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2TrHeY2 via IFTTT