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Info Olga is a M.Com graduate with experience in content writing including finance. Prior to content writing, she has worked as an associate in financial services for close to 2 years.
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GST Collection For September Crosses Rs 94,000 Crore

GST Collection For September Crosses Rs 94,000 Crore

 |  Monday, October 01, 2018, 15:54 [IST]
The goods and service taxes (GST) collected for the month of September by the government improved from the previous month despite a cut in rates for some items. According to a statement from the ministry of finance released on Monday afternoon, ...
Loans Get Costlier As SBI, ICICI And PNB Raise MCLR

Loans Get Costlier As SBI, ICICI And PNB Raise MCLR

 |  Monday, October 01, 2018, 14:49 [IST]
The three banks with the largest customer base in the country have revised their MCLR (Marginal Cost of Funds based Lending Rate), with effect from 1 October 2018. MCLR is the rate at which banks lend money to its customers. This ...
Bandhan Bank Shares Crash By 20%, Hit New All-Time Low

Bandhan Bank Shares Crash By 20%, Hit New All-Time Low

 |  Monday, October 01, 2018, 13:05 [IST]
The shares of Bandhan Bank saw its biggest single-day decline at 20 percent on Monday, on account of the Reserve Bank of India's decision to put restrictions on the lender's operations. On Friday, after market hours, the bank in a statement ...
PMI: Manufacturing Activity Grows In September

PMI: Manufacturing Activity Grows In September

 |  Monday, October 01, 2018, 12:28 [IST]
The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose slightly to 52.2 points in the month of September, up from 51.7 in August. This was on account of improved sales to both domestic and international clients apart from gains in orders, ...
Subsidized LPG Cylinder Rates Hiked For October

Subsidized LPG Cylinder Rates Hiked For October

 |  Monday, October 01, 2018, 10:43 [IST]
The prices of subsidized cooking gas (LPG cylinder) has been increased by Rs 2.98 per 14.2 kg cylinder from Rs 499.51 to Rs.502.4 in Delhi. The rates are effective from 1 October and a similar hike will be observed in other ...
SBI's Daily ATM Cash Withdrawal Limit To Be Halved

SBI's Daily ATM Cash Withdrawal Limit To Be Halved

 |  Monday, October 01, 2018, 10:19 [IST]
The daily cash withdrawal limit for State Bank of India's (SBI) customers will be reduced from the earlier Rs 40,000 limit to Rs 20,000. The new limit will come to effect from 31 October on 'Classic' and 'Maestro' platforms of the bank's ...
IL&FS Comes Up With Strategies To Restore Stability

IL&FS Comes Up With Strategies To Restore Stability

 |  Saturday, September 29, 2018, 16:18 [IST]
Infrastructure Leasing & Financial Services Ltd (IL&FS) in its AGM (annual general meeting) came up with a 3-point strategy to recover after defaulting debt obligations. The plans include raising funds from its shareholders and offloading of assets. The first of its ...
Petrol Prices Increased By Rs 5/Litre Since Mid-August

Petrol Prices Increased By Rs 5/Litre Since Mid-August

 |  Saturday, September 29, 2018, 13:27 [IST]
Fuel prices in the country haven't seen a day of fall since 15 August 2018, causing a Rs 5 per litre hike in petrol rates during the period. Petrol prices per litre were increased once again today to Rs 90.75 in Mumbai ...
Govt Reduces Planned Borrowings To Calm Markets

Govt Reduces Planned Borrowings To Calm Markets

 |  Saturday, September 29, 2018, 10:46 [IST]
To keep the bond market calm and to maintain liquidity, the government on Friday said that it would reduce planned borrowings for the second half of the financial year. The also assured once again that aims to keep the fiscal deficit ...
Bandhan Bank Barred From Opening New Branches, Paying CEO's Remuneration

Bandhan Bank Barred From Opening New Branches, Paying CEO's Remuneration

 |  Friday, September 28, 2018, 20:49 [IST]
The Reserve Bank of India (RBI) has put restrictions on Bandhan Bank, barring it from opening new branches or paying remuneration to its CEO, Chandra Shekhar Ghosh until further notice as it was unable to lower the promoter holding as per ...
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