NEW DELHI: Income tax raids on a direct selling agent (DSA) for loans of NBFCs and private banks in Hyderabad have blown the lid off suspected kickbacks to bank and company executives by the agency and raised calls for a nation-wide check on an industry-wide practice.The loan agent, booking revenue, mainly via commissions, of Rs…
Highest Fixed Deposit Interest Rates: Fixed deposits (FDs) offered by banks are secure and interest-generating investment options. With FDs, you can expect a guaranteed return on your invested funds, which remain unaffected by market fluctuations. This is the reason that FDs are a go to investment option for most risk averse investors.Interest rates for fixed…
NEW DELHI: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time capital expenses incurred when they migrated to core banking, IT is now becoming a recurring cost accounting for up to 10% of operating expenses.Bankers have responded to queries about their level of…
