It further advised the UCBs to put in place a system that will enable them to provide Form 16A to their customers within the time-frame prescribed under the Income Tax Rules
The bank has been garnering interest from women far and wide, but it needs to mobilise savings from customers to be able to take off
CCIL, which developed the platform, has also set up a confidentiality protocol in consultation with market representative bodies
Dollar flows from banks help rupee
Narrowing of the current account deficit in the second quarter wasn't enough to lift sentiment
Dollar buying by oil marketing companies affects rupee
As of the week ended September 27 this year, the forex reserves fell by $1.12 billion to $276.26 billion as foreign currency assets fell sharply by nearly $1.3 billion
Central bank said state-run oil companies were sourcing all of their dollar needs in markets
The central bank, however, said it will consider re-opening swap window if needed
HSBC PMI came in at 51.3 in November, indicating growth in manufacturing
Says higher inflation may keep Indian currency on structurally depreciating path
Money market rates are expected to ease further
Gains in domestic shares may limit sharp rise in pair
Policymakers have voiced concerns about the problem in recent months, and are urging banks to get tough
As per present norms, restriction of a group limit of the NBFC should not exceed 50% of the equity of the insurance JV company