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Lakshmi Vilas Bank Merger Latest News

Lakshmi Vilas Bank Moratorium Lifted – To be Operated as DBS from 27th Nov

by Rohit Bhattacharya • November 26, 2020

As per the latest update on the developments Lakshmi Vilas Bank, the moratorium placed on the bank by RBI on  November 17, 2020 is going to be lifted on November 27, 2020 November. The government had imposed a 30-day moratorium on the lender wherein the cash withdrawal was capped at Rs. 25,000 per depositor. The […]


Lakshmi Vilas Bank Under Moratorium by RBI: To be Merged with Singapore’s DBS

by Rohit Bhattacharya • November 18, 2020

Reserve Bank of India (RBI) has imposed a moratorium on Lakshmi Vilas Bank for a period of 1 month, effective 6 pm, November 17th until December 16th, 2020. Moreover, the RBI also announced the amalgamation of Lakshmi Vilas Bank and DBS within minutes of putting LVB under moratorium. During this moratorium period of 1 month, […]


SEBI Issues New Guidelines

SEBI Issues New Guidelines for the Multi-cap Mutual Fund Category

by Devyani Mishra • September 12, 2020

The Securities and Exchange Board of India (SEBI) regulates the mutual fund industry in India and constantly endeavors to make investments investor-friendly and transparent. While the regulator had already issued guidelines regarding the categorization of mutual fund schemes in the past, in its latest notification, SEBI has issued specific guidelines modifying the characteristics of a […]


Reliance Industries Limited AGM 2020

Reliance Industries Limited AGM 2020: Key Highlights

by Revati Krishna • July 20, 2020

Going the virtual route, Reliance Industries Ltd held their 43rd Annual general meeting through a video webcast on July 15. The AGM unveiled a slew of measures and new projects such as Jio’s deal with Google, Jio’s made in India 5G solution, Jio Glass launch, and developments on the Saudi Aramco deal, etc. Let’s take […]


Stamp Duty on Mutual Fund Investors from July 1st, 2020

by Revati Krishna • June 30, 2020

All your mutual fund purchases will attract stamp duty from July 1 onwards. This means that whenever you make a new investment in a mutual fund scheme, it could be any scheme: equity, debt funds, or exchange-traded funds or through any mode SIPs or STPs, stamp duty will be levied. Both demat and physical transactions […]


India's GDP Growth Slows to 3.1% in Q4

India’s GDP Growth Slows to 3.1% in Q4, Investments Fall

by Revati Krishna • May 29, 2020

The Indian economy’s growth slowed, expanding only 3.1% in the fourth quarter of the bygone financial year, according to a press release by the Ministry of Statistics and Programme Implementation. An earlier estimate by the government had pegged the fourth-quarter growth at 4.6%, signifying a steep fall from the same.  The full impact of the […]


RBI

RBI Cuts Repo Rate by 40 Basis Points to 4%; Loan Moratorium Extended

by Revati Krishna • May 22, 2020

Reserve Bank of India reduced the repo rate by 40 basis points to 4% in its monetary policy this month however it maintains an ‘accommodative stance’. The reverse repo rate has been reduced to 3.35% from 3.75%. The members of the MPC unanimously voted for a reduction in the repo rate however Mr. Chetan Ghatge […]


Franklin India: Shuts Down 6 Credit Risk Funds

by Shikhar Singh • April 24, 2020

News has just come in via a release from Franklin India AMC. This is concerning 6 of their debt funds. Please note: The information we have received is only a few hours old and this matter is still developing. We will update this blog as and when we get more information about this matter.    […]


RBI EMI Moratorium

RBI’s Loan EMI Moratorium: All You Need to Know 

by Devyani Mishra • March 28, 2020

Reserve Bank of India (RBI) announced several measures to boost the economy on March 27, 2020. Of these, the three-month EMI moratorium was the most relevant to common people. While we all have heard the term moratorium during the recent Yes Bank crisis, how does it apply to loan EMIs? What benefits has RBI offered? […]


RBI slashes repo rate

RBI Reduces Repo Rate by 75 Basis Points (Bps) to 4.4% – Key Highlights

by Devyani Mishra • March 27, 2020

Following the lead of the Union Government announcing Rs.1.7 lakh crore relief package yesterday, the Reserve Bank of India (RBI) announced several measures to fight the economic impact of the spread of coronavirus. Among other measures, the Monetary Policy Committee (MPC) decided to cut the Repo rate by 75 basis points and the Reverse Repo […]


Fm Nirmala Sitharaman reliief package

Nirmala Sitharaman Announces a Relief Package of Rs 1.7 Lakh Crore

by Devyani Mishra • March 26, 2020

In the much-awaited relief package, the Finance Minister – Nirmala Sitharaman, lived up to the expectations of people as she announced a relief package of Rs.1.7 lakh crore today. We have for you the key highlights:- ASHA workers, doctors, sanitary workers, and para-medics receive an insurance cover of Rs.50 lakh per person The FM promised […]


Tax deadlines extended

Tax Filing, Aadhaar-PAN Linking Deadlines Extended for FY 18-19

by Devyani Mishra • March 25, 2020

On 24th March 2020, FM Nirmala Sitharaman addressed the nation announcing certain economic decisions in the wake of the Covid-19 Pandemic. One of the key announcements was an extension of the tax filing deadline from March 31st, 2020 to June 30, 2020, for FY 18-19.  Sitharaman also stated that other tax-related deadlines have also been […]


Key Announcement made by Nirmala Sitharaman

FM Presser Highlights: 10 Key Announcements Made by FM Nirmala Sitharaman

by Shikhar Singh • March 24, 2020

Finance Minister Nirmala Sitharaman held a conference today at 2 PM. In view of the coronavirus and its effects on the nation, certain measures have been announced to ease a nation dealing with lock-downs. Many announcements were made. In this blog, we’re covering the points that are the most relevant to our readers. Finance Ministry […]


Yes bank moratorium lifted

Yes Bank Resumes All Services as the RBI Lifts Moratorium

by Devyani Mishra • March 19, 2020

The Reserve Bank of India (RBI) has finally lifted the moratorium on Yes Bank after a 13-day period. Yes Bank has resumed all banking services as of 1800 hours on March 18, 2020. This is two weeks earlier than the proposed moratorium deadline of April 03, 2020. This has come as a huge relief for […]


RBI Presser highlights 2020

RBI Presser Highlights: No Emergency Rate Cut Announced

by Devyani Mishra • March 17, 2020

In light of the recent events, the RBI Governor Shaktikanta Das, called an impromptu press conference to announce the measures they will take, to tackle the two major issues the Indian economy and the stock market are currently facing – Yes Bank and Covid 19. Let’s see what they are.  Measures to Fight Coronavirus Medical […]


Infosys Governance debacle

The Infosys Governance Debacle : What Should Investors Do?

by Niraj • October 24, 2019

16.2 percent fall in one day in the price of the share of Infosys Ltd left the investors unnerved of the market. The drag in the share price eroded the wealth of mutual funds (MFs) and foreign portfolio investors to the tune of nearly 7000 crores. Not only the mutual funds but the FPIs also […]


liquid funds SEBI

SEBI Rolls Out Graded Exit Load On Liquid Funds : What Does It Mean For You As An Investor?

by Devyani Mishra • October 22, 2019

Background Effective from 19th October, SEBI has announced a graded exit load on mutual funds. Mutual fund houses have been asked to impose the same on investors, both institutional and retail, who redeem their liquid fund units within 7 days from purchase. So now, investors who redeem their fund units on the next day of […]


Future of Bitcoins

Bitcoins: The Future of Investing?

by Mridul Agrawal • November 26, 2018

Bitcoin is one the biggest cryptocurrency which has attracted a lot of attention over the last 2 years. At this point in time, there is a lot of speculation around the future of bitcoin. The reason for the same is that the value of bitcoin rose at an astronomical speed and amazed all the investors. […]


SEBI cuts down expense ratio of fund houses

SEBI cuts down the expense ratio of fund houses: how will this help you?

by Groww • September 21, 2018

Tuesday, September 18, 2018, shall be marked as Diwali. Well, this is not the Diwali you are thinking of, this is the festival, particularly for the investing community. The market regulator came up with a circular that has instructed the Asset Management Companies (AMCs) to reduce their expense ratios. What has happened? Securities and Exchange […]


Tribunal Rules in Favour of SpiceJet in Rs.1323-Crore Spat

by Sugam Singla • July 23, 2018

What is the first thing that comes to your mind when I say SpiceJet? To sum it up in a tagline, it would be, Fly cheap, fly SpiceJet. Lately, there has been controversy surrounding Spice Jet. An arbitration tribunal has rejected the Rs 1323-crore damage claim from SpiceJet Ltd. It has also denied a bid by Kalanithi Maran […]