The Ministry of Corporate Affairs is proposing a new integrated digital platform for insolvency. This unified system aims to streamline processes and improve information exchange among stakeholders. It will digitize the entire insolvency lifecycle, from commencement to resolution and liquidation.…
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Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas bank accounts. Employee stock options and cryptocurrencies also demand careful reporting considerations. Jointly held foreign accounts need accurate disclosure based…
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By FY27, enhanced foreign currency inflows are projected to substantially elevate bank deposit growth, effectively bridging the gap with credit expansion. While traditional deposit markets have reached saturation, growth is now leaning towards rural demographics. Additionally, urban households are increasingly…
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A noticeable gap between credit and deposit growth is troubling the banking landscape. Consumers are shifting their savings from traditional deposits to diverse financial options. Amid geopolitical uncertainties and rising oil costs, companies are requesting more working capital loans. To…
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State Bank of India (SBI) has no plans to dilute its stake in SBI Funds Management following the asset management company’s stock market debut, Chairman C.S. Setty said on Tuesday, adding that the public listing was aimed at giving retail…
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Foreign currency inflows are strengthening India’s balance of payments position. The Reserve Bank of India’s measures have mobilized over twenty billion dollars. This inflow is significantly higher than anticipated by economists and analysts. Such robust initial response bodes well for…
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