A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

The Bank of England voted to reduce the base rate by 25 basis points at the first MPC meeting of the year, as widely ...

Balance transfer helps transfer outstanding amounts from one credit card to another at a lower interest rate and easy EMI ...

Some high street banks offer higher rates but often come with conditions. For example, Santander’s Edge Saver Account pays a ...

The Czech Republic's central bank cut its key interest rate again Thursday with inflation higher than expected after keeping the rate unchanged at its previous policy meeting in December.

Central banks still need to be able to "respond forcefully" when interest rates are at or near zero, but they should also use ...

Section 80P (2) (d) not eligible on interest on surplus funds deposited with Co-Op banks by cooperative society: ITAT Bangalore ...

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1693 as ...

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1691 as ...

The Glass-Steagall Act was part of the Banking Act of 1933. It created a barrier between commercial and investment banking.

"That progress has allowed the MPC to withdraw gradually ... After a sticky start - and a government grilling - banks started to raise interest rates offered on savings, and currently, the top ...

Banks offer financial aid for Jeju Air disaster victims in South Korea Financial institutions initiate relief programs for ...