Latest Updates

State Bank of India (SBI) announced the rate cut on home loans by 50 bps. India’s largest lender has become the first bank to cut home loan rates two times in the year 2017. The bank has cut interest rates on home loans to 8.35% (p.a.) from 8.60%...

Now, apart from recharging phones and paying utility bills, you can use the digital wallet to invest in mutual funds. In an attempt to utilize household savings into capital market and encourage digitalization in investment instruments, the...

State Bank of India and realtors body Confederation of Real Estate Developers’ Association of India (Credai) have signed a memorandum of understanding to offer loans to the customers and builders for affordable housing projects. The agreement aims...

India Post Payment Bank (IPBB) Giving a new string to the newly found payment bank concept, India Post Payment Bank (IPPB) is all set to take the segment by storm by opening 650 branches in 2017, rapidly moving away from the first two branches which...

State Bank of India, one of India’s leading banks has begun charging a fee of ₹100 for payments on credit cards made through cheques. SBI Card, which is an arm of the bank will now charge a fee of ₹100 for all cheque payments made for dues...

Edelweiss Financial Financial Services Ltd is all set to take over Ambit Alpha Fund, the flagship hedge fund of Ambit Investment Advisors, with an Asset Under Management (AUM) of more than Rs 1,100 crore, as per the statement. However, the size of...

Pradhan Mantri Garib Kalyan Yojana (PMGKY) Today is the last day to declare your undisclosed income, which is actually black money, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). Hold your horses for a moment, you have time until midnight so...

Central Board of Direct Taxes (CBDT) has issued a notification yesterday stating that any black money declarant can file a declaration through Form 1 by April 10, 2017, in case he/she has paid the penalty and tax by the set deadline. Under the...

State Bank of India is all set to complete the merger with its 5 associate banks and Bharatiya Mahila Bank. As per the government orders issued, State Bank of India Act, 1955 the undertaking of State Bank of Bikaner & Jaipur, State Bank of...

Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance, has launched Mahindra Mutual Fund Kar Bachat Yojana, an open-ended Equity Linked Savings Scheme...