Page 223 - Finance News

CBDT notifies income tax return forms for assessment year 2024-25

The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively

Monthly GST mop-up from online gaming companies jump 400% since Oct 1

GST officers had last year sent around 71 show cause notices to online gaming companies for alleged GST evasion of over Rs 1.12 lakh crore during financial years 2022-23 and 2023-24

I-T dept will erase petty tax demands on its own, says CBDT chairman

He said only the base figure of the demand (Rs 25,000 and Rs 10,000) will be the "deciding factor" for such cases and not the interest amount riding on the basic demand over the years

Supported by equities, rupee appreciates 16 p to 82.82 against US dollar

At the interbank foreign exchange, the rupee opened at 82.91 against the dollar and then touched a high of 82.82, registering a gain of 16 paise over its previous close

RBI likely to hold rates until mid-year, first cut in Q3 2024: Poll

A few weeks ago, RBI chief Shaktikanta Das expressed confidence current monetary policy could bring inflation back to its 4% medium-term target

UPI transactions reach a record Rs 18.41 trillion in January: NPCI data

According to data shared by the National Payments Corporation of India (NPCI), January numbers were 52 per cent higher in volume compared to the same month last financial year

10-year govt bond yield could drop to 6.75% later in 2024: ICICI Bank

"We feel that beyond the middle of this calendar year, by the July-September quarter, we could see the benchmark bond yield touching at least 6.75% if not lower," said B. Prasanna

Tamilnad Mercantile Bank non-exec director quits for 'compelling reasons'

Bank's performance and share price mute compared to peers, says P C G Asok Kumar

Rupee appreciates 9 paise to 82.95 against US dollar ahead of Budget

The rupee appreciated 9 paise to 82.95 against the US dollar in early trade on Thursday as market participants remained cautious ahead of the interim Budget

Dollar hovers near seven-week high as Fed cut expectations shift to May

The dollar has been buoyed by U.S. economic data suggesting the Fed can wait longer before cutting interest rates

Private sector banks' Casa deposits ratio see sharper drop than PSBs

The overall Casa ratio of the Indian banking system declined to 40.1 per cent from 42.8 per cent during the same period

Ugro Capital raises Rs 250 crore in debt from Asian Development Bank

The funding from the developmental lender through subscribing to its non-convertible debentures will be used for on-lending

RBI asks REs to review internal compliance tracking, monitoring processes

An appropriate monitoring mechanism may also be put in place to review the progress of its implementation, the RBI said

RBI restricts Paytm Payments Bank from fresh deposits, credit transactions

An audit report revealed "persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action," the central bank said in a release

Rupee expected to weaken as odds of Fed rate cut in March diminish

The rupee's intraday range in the last four sessions has been just 2 to 6 paisa

FM to address RBI board on Feb 12, highlight key points of interim Budget

Sitharaman will present the sixth Budget on February 1, where she will outline the roadmap for 2024-25

Rupee trades in narrow range against US dollar due to rising crude prices

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15 per cent lower at 103.45

RBI Deputy Governor urges for stringent governance standards in UCBs

He added that it is essential for the director to understand the bank's financial statements as it is important for laying down underwriting standards and assessing credit proposals

PNB board approves fund raising of Rs 7,500 cr via share sale in FY25

The board gave nod for raising of equity capital for an amount aggregating up to Rs 7,500 crore in one or more tranches during FY2024-25 through QIP/FPO

CSB Bank Q3 results: Profit falls 4% to Rs 150 crore; gross NPAs down 1.2%

The bank's net interest income during the third quarter of this fiscal stood at Rs 383 crore, with an increase of 9 per cent over Rs 350 crore in Q3 of FY23