Latest Updates

After the lockdown due to the Coronavirus Disease, many small scale industries are going through a financial crisis in India. They are unable to meet out their manufacturing expenses due to the scarcity of funds. Therefore, the Small Industries...

In one of the major announcements made by the Reserve Bank of India (RBI) on March 27, 2020, the central bank directed all banks and financial institutions to provide a three-month moratorium period on all their term loans and other credit...

As per the new guidelines of the Reserve Bank of India after the lockdown and Coronavirus Outbreak, the credit card users can skip their bill payment for three months. Suspending the payment for 3 months will neither affect their CIBIL Score nor...

The Central Board of Direct Taxes (CBDT) will soon notify the compliance relaxations that also include the 3-month time till June 30 to file the Income Tax Return (ITR). The Union Finance Minister had announced various compliance relaxations...

The Coronavirus Outbreak has affected the smooth banking activities of many banks. Then the lockdown across the whole country to maintain social distancing has restricted many individuals from visiting the bank’s branch. There the ICICI bank has...

The Reserve Bank of India (RBI) has allowed all public & private sector banks, non-banking financial companies (NBFCs) to shift the EMI payments with respect to the outstanding balances of all retail loans as on March 1, 2020, by 3 months. The...

The Reserve Bank of India has given an update related to the suspension of EMIs on loan for three months. But there are some credit card users who are in the dilemma of whether this rule applies to the Credit Card EMIs or not. This rule is for all...

Worried that the 21 Day India-wide Corona Lockdown will stress your personal or business finances? You are not alone. The RBI has announced a Big Relief Measure for those with running Loans or pay EMIs. Here’s how it can help you… What IT...

The Indian financial markets - banking, NBFCs, mutual funds, stock markets have been waiting with bated breath for some action by the RBI to tackle the current situation and provide relief. RBI has delivered a major stimulus today with a cut in repo...

The Reserve Bank of India (RBI) has cut the repo rate by as much as 75 basis points (100 basis points =1%) to 4.40% from 5.15% earlier, in a monetary policy meeting that got held on March 24-27, 2020. The move is in line with the problems caused to...