The Mumbai ITAT ruled that an NRI from Singapore is not liable to pay tax in India on ₹1.35 crore short-term capital gains from mutual fund redemptions, under the India-Singapore tax treaty. The tribunal clarified that mutual fund units aren’t…
Read More
The OMO purchases are in line with the central bank’s stated policy of infusing liquidity to the tune of 1% of the net demand and time liabilities (NDTL) in the banking system, a debt fund manager said. Currently, the NDTL…
Read More
A key feature is the appointment of resolution managers, tasked with recovering value from the underlying assets. These must be independent of the originating lender. For such loans, RBI-regulated entities can act as resolution managers.
Read More
Canara Bank has appointed Amit Mittal, a senior official with over 16 years at the bank, as Group CFO, elevating him from his previous roles across branches and administrative offices.
Read More
PwC has concluded its accounting review of IndusInd Bank’s derivatives portfolio, submitting draft findings to management amidst discrepancies in forex derivative transactions. While the review focused on accounting, Grant Thornton Bharat is conducting a forensic investigation to determine the root…
Read More
Investors are selling U.S. government bonds, sparking concerns about America’s stability as a safe haven. Rising Treasury yields could lead to higher borrowing costs for consumers and corporations, potentially impacting the economy. This unusual bond sell-off, driven by factors like…
Read More