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Eight excuses that prevent you from investing right

Monday, December 3, 2018, 8:21 AM

Manish Jain, a-27-year-old entrepreneur, joined his family business after college but became financially independent only about four years later at 25 when he started his own venture and got married simultaneously. While working with his family, and during the initial phase of his venture, he kept all his savings in his bank account. A year into his venture and marriage, things changed for him.
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GST on banks' 'free services' may be passed on to customers

Friday, November 30, 2018, 11:40 AM

Faced with the prospect of paying GST on 'free services' provided to customers who maintain a minimum balance in their accounts, top lenders including State Bank of India, ICICI Bank and HDFC Bank are considering passing on this cost to them. Most of the major banks have agreed to start charging 18% GST on the free services, according to people familiar with the matter.
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Rs 80,000 crore commercial paper of NBFCs rolled over in Nov

Thursday, November 22, 2018, 5:18 PM

With close to Rs 80,000 crore worth of commercial paper (CP) issued by non-banking financial companies (NBFCs) estimated to have been rolled over or redeemed in November so far, the money markets are breathing easier. The estimated amount of paper due to mature in November is Rs 1.5 lakh crore, according to Edelweiss Equity Research.

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