Finace News : NBFC NPA mess owing to note ban, Rera, GST

Non-banking finance companies and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors still smarting from the pains inflicted by the note-ban, Rera and GST, to sell their inventory so that these lenders secure their monies. According to a recent […]

Read More

Finance News : E-way bills generated on launch day; real load test today

NEW DELHI: Over 1.71 lakh inter-state e-way bill have been generated on the day of nationwide launch today, with experts saying that the real test of the portal will be tomorrow. Beginning today, businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over […]

Read More

Finance News : determine validity of e-way bill, clarifies finance ministry

Validity of an e-way bill would start from the day transporter filed Part B of the bill, the finance ministry clarified, as the mechanism to track inter-state movement of goods worth over Rs 50,000 for the goods and services tax (GST) was rolled out from midnight. The clarification assumes importance since transporter may start movement of […]

Read More

Finance news : State bank raises rates by 10-25 bps on maturities of deposits

State Bank of India (SBI) on Wednesday raised interest rates on retail and bulk fixed deposits of some maturities by between 10 bps and 25 bps. The rate on deposits of under Rs 1 crore maturing between two years and three years was raised by 10 bps to 6.6% and […]

Read More