Tag Archives: Finance

Post-note ban, ‘kala dhan’ became ‘jan dhan’: MoS Finance

Facing criticism over the 2016 demonetisation drive, the Union government today said benefits of the note ban are being reaped now as hoarded cash is being put to productive use. “The money which was lying idle and was no way in use, has now come into the banking system. This money is now being used for the interest of the ... Read More »

For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

Mahindra Finance, offers interest rate on fixed deposit at 7.95 per cent for a 15-month fixed deposit. For individual depositors, a bank fixed deposit (FD) is considered the safest form of investment, especially with a large commercial bank such as State Bank of India (SBI). The income from the bank FD is not only safe, but also accessible at any ... Read More »

Three steps to consider before migrating Finance & HR to the Cloud

Cloud migration that integrates finance and HR systems is proven to improve internal collaboration – between the functions and with the IT team, and deliver better performance in terms of cost and time to deliver. Were you aware that 35 percent of companies intend to develop a shared finance and HRfunction? A research conducted by MIT Technology and commissioned by Oracle, reveals that ... Read More »

Malta Finance Regulator Warns Against Crypto Margin Trading Site

Malta’s government has released a new warning about a cryptocurrency margin trading site. StocksBTC claims on its website to be registered with the agency and to have a physical location in the country. That’s not true, according to the Malta Financial Services Authority (MFSA), prompting it to issue a warning Thursday to investors about the service. In addition, the MFSA noted that StocksBTC “appears to ... Read More »

The highest-paying jobs in finance, according to LinkedIn

SFROLOV/ShutterstockThese finance jobs all have median base salaries of at least $100,000. • Finance jobs have a reputation for coming with massive salaries. • But not all roles are created equal in the finance industry. • LinkedIn looked through its salary data to figure out which finance jobs earn the most money. Finance jobs are a great way to rake in the big bucks. ... Read More »

Buy Repco Home Finance, target Rs 612: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Repco Home Finance with a target price of Rs 612. The current market price of Repco Home Finance is Rs 599.75. Time period given by the analyst is Intra Day when Repco Home Finance price can reach defined target. Company Summary NSE BSE Repco Home Finance L… 0.00 (0.00%) ... Read More »

GE Says Finance Woes Pushing Company Toward Low End of Forecast

(Bloomberg) — General Electric Co. is heading toward the bottom of its profit forecast for the year as the manufacturer faces challenges in its finance operations, a top executive said Wednesday. Following a large charge against an insurance portfolio and plans to shrink the GE Capital division, the company’s earnings are “probably more at the lower end” of the range, ... Read More »

PNB’s LoU story spoils plot for import finance

A majority of Indian lenders are entangled in the Rs 11,300-crore fraud through issuances of unauthorised LoUs by PNB officials in connivance with firms owned by diamond merchant Nirav Modi. KOLKATA | MUMBAI: Import finance, crucial for ensuring critical supplies for India’s industrial and consumer needs, faces serious restrictions as banks clamp down on issue of letters of undertaking (LoUs) after ... Read More »

GST Collections Rise To Rs. 86,703 Crore In December, Says Finance Ministry

As many as 56.30 lakh GSTR 3B returns have been filed for December, Finance Ministry said. New Delhi: Halting two months of decline, the GST collections gathered momentum in December, rising to Rs. 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs.86,703 crores till January 24 2018,” the ... Read More »

Small Finance, Payments Banks To Offer Atal Pension Yojana To Subscribers

There are 11 Payments Banks and 10 Small Finance Banks that have received license from RBI. New Delhi: The Central government on Friday said “Payments Banks and Small Finance Banks” will offer social security scheme Atal Pension Yojana (APY) to their subscribers. “To strengthen the existing channels of APY distribution, it is felt that these new Payments Banks and Small Finance ... Read More »