The average annual recovery rate under Debt Recovery Tribunal (DRT) mode was estimated to be around 25 per cent, said a report. “Consequently, considering a four-year wait to dispose all the cases pending under DRT mode, opportunity cost to banks and financial institutions was estimated to be around Rs 25,000 crore,” CUTS International said in … Read More →
You may have heard both ISO certification and ISO registration being used in reference to the ISO quality system. Some people in the ISO business will tell you that the term ISO certification is not correct, that ISO registration is the correct term. According to standardized definitions in the ISO standard ( See ISO/IEC 17000, … Read More →
Markets regulator Sebi on Friday refused to lift market ban on 21 entities in cases related to suspected tax evasion and money laundering through stock trading platforms. The entities are alleged to have misused the securities market system to artificially increase the share price of Radford Global and Moryo Industries for providing long-term capital gain … Read More →
FDI in Non-Banking Finance Companies (NBFC) is allowed up to 100% under the automatic route in only the following activities: Merchant Banking Under Writing Portfolio Management Services Investment Advisory Services Financial Consultancy Stock Broking Asset Management Venture Capital Custodian Services Factoring Credit Rating Agencies Leasing & Finance Housing Finance Forex Broking Credit Card Business Money … Read More →
The Reserve Bank of India (RBI) has proposed to form Acceptance Development Funds (ADFs) to encourage wider deployment of card acceptance infrastructure, and rationalise Merchant Discount Rate (MDR) on debit cards – a fee every merchant has to pay to the bank to access their payment infrastructure. “The high cost of acquisition and poor revenue … Read More →
India’s Outward Foreign Direct Investment (OFDI) dropped to $1.85 billion in the month of February 2016 as against $2.92 billion in the same month of last year. According do the data provided by the Reserve Bank of India (RBI), outward investments in equity, loan and guaranteed issue stood at $471.5 million, $252.8 million and 1.12 … Read More →
The Reserve Bank on Thursday said it is discontinuing a two-year-old provision where banks had to submit data pertaining to NEFT transactions by walk-in customers not having an account with them. “It has been decided to discontinue the submission of this report by member banks, from the quarter ending March 31, 2016,” the RBI said … Read More →
All the companies doing business in India are required to file certain documents with the government authorities according to the requirements of the Companies Act of 2013 and other applicable laws. A private limited company is required to file the required documents with ROC annually. It is also required to file Income Tax return, if … Read More →
Lenders have an important role in the success of recently launched crop loan scheme Pradhan Mantri Fasal Bima Yojana (PMFBY), the Reserve Bank on Thursday said. “Banks have a vital role to play in increasing the coverage under the scheme,” RBI said in a notification addressed to bank chiefs. It said bank branches in the … Read More →
Private Limited Company is one of the most famous types of businesses in India. Private Limited Company offers advantages like limited liability, separate legal entity, easy transferability and perpetual succession. These advantages of Private Limited Company, makes it one of the most popular types of business in India. In this article we will discuss about … Read More →